BUSINESS
Which investors may drive into anchor book of Hyundai India's $3.3-bn IPO?
Hyundai Motor India has held discussions with more than top 100 global and public market investors, including GIC, Capital Group arms, SBI MF, HDFC MF, for participation in its anchor book
BUSINESS
Funding BSV Deal: Mankind Pharma picks Kotak, IIFL for upto Rs 3,000 crore QIP
Mankind Pharma sealed the Rs 13,630 crore acquisition of private equity firm Advent International owned Bharat Serums and Vaccines (BSV) in July.
BUSINESS
Ed-tech unicorn PhysicsWallah shortlists 4 i-banks for around $400 mn-$500 mn IPO in 2025
On September 20, PhysicsWallah raised $210 million valuing it at $2.8 bn. The firm could potentially become India's first ed- tech player to debut on the domestic bourses.
BUSINESS
Business process and IT services firm Access Healthcare exploring majority stake sale; targets upto $1.5 bn valuation
Access Healthcare is led by entrepreneur, venture capitalist, Texas Super Kings cricket team backer and philanthropist Anurag Jain, who serves as the Chairman and CEO
BUSINESS
Multiples PE emerges front-runner for majority stake in IT services firm QBurst at around $300 mn valuation
The existing portfolio of Multiples PE consists of players like AI and Big Data firm Quantiphi, HR technology and services company PeopleStrong, SaaS platform MoEngage, and fintech Niyo
BUSINESS
Promoter PE firm True North exploring exit from Shree Digvijay Cement
Back in November 2018, True North signed an agreement to buy Brazilian firm Votorantim Cimentos’ 75 percent stake in Shree Digvijay Cement Company Limited
BUSINESS
HSBC Securities elevates Nirvaer Sidhu and Ranvir Davda as co-heads of investment banking for India
Sidhu and Davda were earlier MDs and have spent more than 10 years and 13 years, respectively, at the firm
BUSINESS
Get set for India's biggest ever IPO as Sebi greenlights Hyundai Motor Co's issue of around $3 bn; launch likely in October
If the listing plans fructify, this deal, a pure OFS or offer for sale by the promoter, would be India Inc's biggest-ever IPO and beat the earlier record set by state-owned LIC's $2.7 bn listing in 2022
BUSINESS
Swiggy's confidential filing for IPO gets Sebi nod, launch likely in November
Under the confidential filing route, this nod will be followed by the filing of two updated DRHPs. Only then will the RHP (red herring prospectus) be filed and the IPO launch planned, sources added
BUSINESS
Fund raise done, edtech unicorn PhysicsWallah calls i-banks for IPO pitches next week; aims for 2025 listing
On September 20, PhysicsWallah raised $210 million valuing it at $2.8 bn. The capital raise, led by Hornbill Capital, saw participation from Lightspeed Venture Partners, as well as existing investors WestBridge Capital and GSV Ventures
BUSINESS
EQT and ChrysCapital-promoted HDFC Credila picks 5 i-banks for mega Rs 5,000 cr plus IPO
HDFC Credila is not the only education loans financier looking to tap the public markets. In June, Avanse Financial Services filed draft papers to raise Rs 3,500 crore
BUSINESS
Leela Palaces to file for Rs 5,000-cr IPO soon; biggest ever in hotel segment
The mega IPO of the luxury hotel chain, which is promoted by Brookfield Asset Management, has a syndicate of as many as 11 investment banks. In March 2019, Brookfield acquired four of Leela’s assets in Delhi, Bangalore, Udaipur and Chennai from JM Financial ARC
BUSINESS
ChrysCapital sells its stake in GeBBS Healthcare to EQT
The deal offers great market opportunity to offshore vendors such as GeBBS with a broad portfolio of solutions to witness significant tailwinds, driven by cost pressures and lack of talent onshore
BUSINESS
HDB Financial Services picks Jefferies, JM Financial, Morgan Stanley & Nomura and kicks-off mega IPO
Law firm Cyril Amarchand Mangaldas has been roped in as the company counsel, according to sources. On July 20, 2024, the board of directors of HDFC Bank provided an in-principle approval to initiate the process of listing of the NBFC
BUSINESS
Carlyle-promoted Hexaware files for Rs 9,950 cr IPO, India's biggest in IT services and enterprise tech space
Carlyle acquired Hexaware in 2021 from Baring Private Equity Asia (now EQT) for around $3 billion. The earlier promoter Baring Private Equity Asia had delisted the firm in 2020.
BUSINESS
Indigo Paints: Peak XV Partners block deal upsized to around Rs 1,550 cr; sells 22% stake
Post the upsized block deal, Peak XV Partners will hold onto the balance stake of around 3.23 percent, sources said
BUSINESS
Peak XV Partners launches Rs 750-Rs 800 cr block deal to sell part stake in Indigo Paints
Floor price of the block deal is Rs 1,470/share, a discount of 4.6 percent to the closing price of Indigo Paints on September 5, one source told Moneycontrol
BUSINESS
Race for ChrysCapital-owned GeBBS Healthcare: EQT edges ahead of Hillhouse in final lap
On August 25, Moneycontrol was the first to report that EQT and Hillhouse Investment were the two lead contenders in the final round of the deal.
MARKETS
Bajaj Housing Finance IPO to open between September 9-11; to raise Rs 6,560 crore
The price band will be issued on September 3 while the anchor portion will be on September 6, according to the RHP filing.
BUSINESS
Tiger Global & Accel-backed Infra.Market picks 8 i-bankers for mega $500 million plus IPO
Infra.Market subsidiary RDC Concrete, which divested 10 percent of its stake worth around $20 million in RDC Concrete to Ashish Kacholia and other investors in 2023, is also planning to make its public market debut in January 2025.
BUSINESS
Prestige Estates Projects may launch Rs 5,000 crore QIP soon
On June 24, Moneycontrol had reported that the firm picked Kotak Mahindra Capital, JP Morgan, JM Financial and CLSA as advisors for the capital raise. The report had added that a deal launch was likely in July-August this year.
BUSINESS
EQT & Hillhouse seen as frontrunners as sale of ChrysCapital owned GeBBS Healthcare enters final lap
The transaction is likely to value GeBBS Healthcare at around $800 mn. Earlier reports have named private equity firms Caryle and CVC Capital as other interested parties in the deal
BUSINESS
Advent explores dual-track exit for Manjushree Technopack, eyeing IPO, sale to PE firms
On December 1, Moneycontrol first reported that Advent was evaluating both options, a public float and a sale, to unlock value in Manjushree Technopack
BUSINESS
Ambuja Cements block deal: Promoters Adani Group to sell part stake worth $500 mn
The floor price for the block deal is Rs 600 per share, a 5 percent discount to the last closing price
