BUSINESS
ADIA eyeing exit from Mindspace REIT, launches block deal worth up to $225 mn
Mindspace, backed by K Raheja Corp and Blackstone, became the second real estate trust to be listed on the Indian bourses in September 2021, after Embassy Office Parks REIT
BUSINESS
DPIIT nod in, aim to complete Reliance Capital acquisition by Jan end: IIHL Chairman Ashok Hinduja
In April, IIHL made a foray into the asset management space with the acquisition of a majority stake in US-based Invesco AMC’s India arm
BUSINESS
Zomato & Temasek backed Shiprocket kicks off around Rs 2,000-2,400 crore IPO
Shiprocket was founded by Saahil Goel and Gautam Kapoor in January 2012. It also counts Info Edge Ventures, PayPal, Bertelsman India Investments, Lightrock and March Capital as investors
BUSINESS
Nuvama Wealth block trade: Edelweiss Group entities launch around $204 mn deal eyeing complete exit
Both the entities hold a combined stake of 7.32 per cent. Back in September, both entities had sold 6.2 per cent stake in an earlier block trade.
BUSINESS
Just Climate, Morgan Stanley Infra Partners-backed Continuum Green Energy files for Rs 3,650-crore IPO
Founded by Arvind Bansal and Vikash Saraf in 2009, Continuum Green Energy focuses on supplying green power to commercial & industrial consumers
BUSINESS
Race for Theobroma: Binding bids submitted, Switz Group ropes in GIC as a partner
Top patisserie chain Theobroma counts ICICI Venture as an investor which made an entry back in 2017.
BUSINESS
K-Drama continues on D-Street: LG Electronics India files for mega $1.8-bn IPO
LG Electronics' India public issue will enter the elite club of India's biggest IPOs, which include Hyundai Motor India, LIC, Paytm, and Coal India
BUSINESS
'Want to price IPOs at a discount so that all investors can make money,' says EQT's Jean Salata
Investment major EQT , which is backed by one of Europe's prominent industrial families , Sweden's Wallenberg's, listed its portfolio company Sagility India on December 12. The private equity player has returned $2.4 bn out of India in the last 24 months, according to senior executives.
BUSINESS
'Merger will be EPS accretive from first year; expect to hit 13,300 beds by FY27', says Aster DM's Alisha Moopen
Post the deal with Blackstone and TPG backed Quality Care India, the combined entity will expand into four additional states, namely Madhya Pradesh, Chhattisgarh, Tamil Nadu and Odisha.
BUSINESS
Open to evaluating inorganic opportunities pan-India, says Blackstone's Ganesh Mani post Aster DM merger
Blackstone on November 29 clinched India's biggest healthcare deal after Aster DM agreed to merge with PE firm-backed CARE Hospitals, creating one of India’s top three hospital chains
COMPANIES
Adar Poonawalla-led Serum Institute seals 30%-40% stake sale in SCHOTT Poonawalla to TPG Growth; target firm valued around $800 mn
Post the outbreak of Covid-19, in August 2021, Serum Institute of India purchased 50 percent stake in the joint venture SCHOTT Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry
BUSINESS
PAG seals mega $850 mn-$950 mn deal to acquire Advent-backed Manjushree Technopack; IPO plans dropped
Manjushree Technopack had received the Sebi nod for the proposed Rs 3,000-crore IPO on November 12
BUSINESS
Manjushree Technopak dual track: PAG emerges lead suitor for buyout even as promoter Advent mulls IPO
PAG has invested in Indian firms such as Nuvama, Acme Formulation, Anjan Drugs, Optimus Drugs, and RK Pharma
BUSINESS
Temasek, Amansa eyeing Niva Bupa Health anchor book; India's first MNC insurer-backed IPO valued at Rs 13,500 cr
Four years after picking up a majority stake from Max in Max Bupa Health Insurance (later Niva Bupa Health Insurance), True North ceded control to JV partner Bupa in September 2023
BUSINESS
Blackstone exploring options for strategic review of portfolio firm EPL; majority stake sale brewing
In April 2019, Blackstone committed up to $460 million to acquire a majority stake in EPL
BUSINESS
Your IPO is on its way! Swiggy may be served for public subscription between November 6-8 at valuation of around $11.3 bn
Prosus, SoftBank and Accel are a few of the key investors in Swiggy. Swiggy and its platform Instamart compete with the likes of Zomato-owned Blinkit, Zepto and Tata-owned BigBasket
BUSINESS
Adar Poonawalla-led Serum Institute in talks with TPG to sell 40% stake in SCHOTT Poonawalla
In August 2021, Serum purchased 50% stake in the JV SCHOTT Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry
BUSINESS
Race for NIIF-backed Ayana Renewable Power: ONGC emerges as lead suitor
NIIF with 51 percent stake is the controlling shareholder of Ayana Renewable Power, with British International Investment and Eversource Capital holding 32 percent and 17 percent, respectively
BUSINESS
As Hyundai drives into Dalal Street, meet the i-bankers behind India's biggest IPO
Presenting an exclusive, free-wheeling chat with top dealmakers who share their experiences while working on the historic issue by the South Korean auto giant.
BUSINESS
PE firm Apollo Global launches majority stake sale process in NBFC Clix Capital
In 2016, former GE India duo Pramod Bhasin and Anil Chawla along with AION Capital Partners acquired Clix Capital. AION , a joint venture between ICICI Venture Funds and Apollo Global Management, ended in 2020, and currently, Apollo Global is directly managing the group
BUSINESS
Swiggy eyes up to $12.7 billion valuation for mega $1.4 billion-plus IPO; launch likely in early November
Prosus, SoftBank and Accel are some of the key investors in Swiggy. On September 24, the firm received the approval from SEBI after its confidential filing of draft share sale documents
COMPANIES
Actis emerges as lead contender in $500 mn race for Macquarie's India clean energy platform Stride Climate
In India, Actis already has a renewable energy firm in its portfolio , namely Gurugram based BluPine Energy which has solar, wind and commercial and industrial segments
BUSINESS
Post business split, KKR eyes $1 billion plus Re Sustainability sale launch in January, global funds may show interest
The NCLT-monitored scheme of arrangement of Re Sustainability (formerly Ramky Enviro Engineers) was approved by the board for sharper focus to split operations into industrial waste management and other areas, versus municipal solid waste management and other areas.
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
