BUSINESS
Walmart promoted PhonePe picks 4 i-banks to kick off mega IPO next week; eyeing up to $15 billion valuation
Walmart is the majority shareholder and other investors include the likes of Microsoft, General Atlantic, Tiger Global, Ribbit Capital, TVS Capital, Tencent and Qatar Investment Authority
BUSINESS
Lot of FII money coming out of Indian equities going back into the primary market, says JP Morgan's Rohit Chatterji
Chatterji, a veteran dealmaker, is not that concerned with the shorter-term pullback by FIIs from Indian equities and said they are scouting for well-priced IPOs.
BUSINESS
ONGC-NTPC JV to acquire Ayana Renewable Power for $2.3 billion
The deal aligns with the broader vision of the JV's ultimate Parent Companies (ONGC and NTPC) to achieve their Net Zero targets by 2038 and 2050 respectively
BUSINESS
UK's Prudential is evaluating a potential listing of ICICI Prudential Asset Management
As of September 2024, ICICI Prudential AMC had assets under management of Rs 8,67,000 crore and 1.1 crore-plus investors across 133 schemes
BUSINESS
EQT-backed Indira IVF makes confidential filing for Rs 3,500 crore IPO
The move makes Indira IVF the sixth major Indian firm opting for the confidential pre-filing route after Tata Play, Oyo, Swiggy, Vishal Mega Mart and Credila Financial Services.
BUSINESS
Lenskart in talks with 5 i-banks to kick off mega $1 bn-plus IPO later this month
The firm was founded in 2008 by Peyush Bansal, Amit Chaudhary, Neha Bansal and Sumeet Kapahi and in 2019, the eyewear brand joined the coveted unicorn club
BUSINESS
Multiples PE seals deal for controlling stake in IT services firm QBurst
This transaction, with an investment of $ 200 million, marks Multiples' largest control investment in technology services.
BUSINESS
Carlyle-promoted Hexaware Tech may launch Rs 8,750 crore IPO between February 12-14
This will be India's biggest ever IPO in the IT services and enterprise tech segment. Carlyle acquired Hexaware in 2021 from rival private equity firm Baring Private Equity Asia (now EQT) for around $3 billion.
BUSINESS
EQT-promoted AGS Health launches $1 billion plus sale process; multiple PE firms may queue up
AGS Health was acquired five years back by EQT for around $320 mn. Advent International, Hillhouse Investment , Apax Partners, General Atlantic, Blackstone, TPG and Carlyle may express interest in the proposed deal.
BUSINESS
BofA Asia-Pacific's Mandar Donde to spearhead India i-banking from April
Mandar Donde, currently the Head of BofA Securities' Asia-Pacific TMT (Technology, Media and Telecom) investment banking will assume charge as the firm's new head of global corporate and investment banking in India, said sources.
BUSINESS
Groww picks five bankers to kick off big-bang $1 billion plus IPO next week
The top trading app is backed by the likes of Peak XV, Tiger Capital, Ribbit Capital and Microsoft CEO Satya Nadella, and last raised a series E funding of $251 million at a valuation of $3 billion on Oct 24, 2021.
BUSINESS
Dr Agarwal's Healthcare may launch IPO between Jan 29-31; valuation between Rs 12,700-Rs 12,900 crore
Moneycontrol was the first to report in March 2024 that Dr Agarwals Healthcare had engaged investment banks as advisors and kicked off the process to launch an initial public offer in FY25
COMPANIES
Canada's Ontario Teachers picks Jefferies for Sahyadri Hospitals sale; deal launch in March
The pension fund is also planning to rope in a domestic I-bank as a second advisor
COMPANIES
Race for Akzo Nobel India: JSW Paints & TPG explore tie-up
Dutch firm AkzoNobel NV holds a 74.76 percent stake in AkzoNobel India and any attempt at purchasing a controlling stake will trigger an open offer
BUSINESS
Anurag Jain-led Access Healthcare announces growth investment from New Mountain Capital
Deal activity in the IT and tech services segment has picked up in the revenue cycle management (RCM) space
BUSINESS
PAG announces back-to-back packaging deals with Manjushree Technopack, Pravesha Industries
According to sources, the Manjushree Technopack deal valued the firm at $1 billion while the controlling stake in Pravesha Industries was sealed at an enterprise value of $200 million
BUSINESS
JSW Cement may get Sebi nod soon for Rs 4,000-crore IPO
The initial share sale would be the cement sector's first major offering since Nuvoco Vistas' Rs 5,000 crore IPO in August 2021 and comes at a time when the segment is witnessing an m&a tussle between the Birla group and the Adani group.
BUSINESS
Carlyle in advanced talks to acquire majority stake in Strata Geosystems India and affiliates
The proposed deal is a derivative play by Carlyle on the growing infrastructure theme in the country as Strata cuts across various sub-segments
BUSINESS
Race for a bite of Haldiram Snacks: Temasek signs term sheet, emerges lead contender
Blackstone and Alpha Wave Capital are the other suitors in the fray for the transaction
BUSINESS
Blackstone ropes in Morgan Stanley for sale of controlling stake in packaging firm EPL
In April 2019, Blackstone committed up to $460 million to acquire a majority stake in EPL, as per an official announcement
BUSINESS
TPG and Temasek-backed Dr Agarwal's Health Care gets Sebi nod for IPO
Moneycontrol was the first to report in March 2024 that Dr Agarwal's Health Care had engaged investment banks as advisors and kicked off the process to launch an initial public offer in FY25
BUSINESS
The great Indian capital market deals party of 2024: Will the revelry continue in 2025?
It was an action-packed year of transactions with K-drama on Dalal Street, a slew of private equity funds eyeing exits from portfolio firms and new age tech making an impressive comeback
BUSINESS
After Tata Tech, Tatas rope in advisors for mega Rs 15,000-crore plus IPO of Tata Capital in 2025
Tata Capital IPO: Tata Group's decision for listing of Tata Capital is in line with RBI's mandatory requirement for "upper layer" NBFCs to list within three years of being notified, ie September 2025.
BUSINESS
In a first, India ranks number one globally in IPO volume in 2024: EY
TMT, industrials and consumer segments led the way globally in public issues
