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
BUSINESS
DAM Capital to file for IPO shortly, India's first ever by a pure play boutique i-bank
The firm was set up by Dharmesh Mehta in November 2019. Mehta was earlier the MD & CEO of Axis Capital and has more than three decades of experience in capital markets
BUSINESS
Theobroma stake sale: Switz Group, Kedaara Capital, Carlyle, ChrysCapital seek a big bite
On March 8, Moneycontrol reported that key investor ICICI Venture and the promoters of Theobroma had appointed Arpwood Capital to explore the sale of a controlling stake at a targeted valuation around Rs 3,500 crore
BUSINESS
Bajaj Housing Finance targets valuation of Rs 56k cr-Rs 59k cr for IPO; may trim issue size and launch in September
Moneycontrol was the first to report the firm's listing plans on March 27. The move marks the return of the Bajaj Group to the public markets after several years
BUSINESS
JSW Cement may file draft papers for Rs 4,000-crore IPO soon
JSW Cement has raised up to Rs. 1,500 crore from private equity investors, Apollo Global Management Inc. (through its managed funds) and Synergy Metals Investments Holding, in July 2021
BUSINESS
Ola Electric IPO's anchor book likely on August 1; issue may launch between August 2-6 for public
As per the proposed timeline, the listing of the firm, which is set to become the first-ever Indian EV two-wheeler to drive into Dalal Street, is likely on August 9, sources added.
BUSINESS
Mega sale of Advent-backed Bharat Serums: Mankind Pharma emerges as likely front-runner
Moneycontrol was the first to report the sale plan of Bharat Serums on December 2. Later, on July 3, Moneycontrol was also the first to report that Mankind Pharma & the EQT-ADIA combine were the key suitors for the buyout.
BUSINESS
Ola Electric's $740 mn IPO likely in August, targeting $4-4.25 billion valuation
The proposed listing, first ever by an Indian EV two-wheeler maker, would be a landmark moment for India's auto sector and may encourage value unlocking among peers.
BUSINESS
'Higher the capex in Budget, the better; PEs happiest-ever from capital market exit momentum': JM Financial's Vishal Kampani
In an exclusive interview with Moneycontrol's, Kampani adds that global private equity funds are happier than ever with the exit momentum from India's capital markets and will continue to acquire more firms than corporates going ahead.
BUSINESS
Budget 2024: What is on the private equity wish list?
Private equity investments saw a 31 percent year-on-year rise during the April-June period, though the number of deals dipped from 353 to 299, LSEG Deals Intelligence data shows
BUSINESS
Temasek's Ravi Lambah on Manipal Hospitals IPO, impact of Hyundai India listing on MNCs and ongoing block deal frenzy
Over the last decade, India has been Temasek’s best performing market globally and its total mark to market India exposure, including the indirect exposure to Airtel through Singtel, is around $37 billion
BUSINESS
Cyril Amarchand's Shishir Vayttaden to join Khaitan & Co along with 2 other partners
Vayttaden specialises in public and private M&A and in private equity transactions. He is the author of a highly respected textbook on the Indian takeover code and is also a best-selling fiction author of the book, Kill the Lawyers.
BUSINESS
MC Exclusive | PE firm Actis-promoted NBFC Profectus Capital looks to sell stake, induct a partner
Profectus Capital is registered with the RBI as a systematically important non-deposit-taking NBFC and focuses on two clusters - services and manufacturing
BUSINESS
MC Exclusive | Speciality hospital chain The Eye Foundation taps PE funds in maiden bid to raise $100 mn
In the last two years, the Indian eye care segment has attracted investments from private equity firms like Chrys Capital, TPG Growth, Temasek and Quadria Capital
BUSINESS
Aavas Financiers: EQT, CVC Capital & Bain in the fray as promoters Kedaara, Partners Group explore full exit
In February 2016, a Kedaara-Partners JV acquired Aavas Financiers Ltd. Incidentally, both the promoters, Kedaara Capital and Partners Group, have diluted part stake earlier in the year via the block deal route.
BUSINESS
Multiples PE front-runner to pick up minority stake in Premji Invest-backed Shubham Housing Finance
Premji Invest holds a stake of around 41 per cent in Shubham Housing Finance and other investors include Helion Ventures Partners, British International Investment, Asian Development Bank, Leapfrog Investments and Motilal Oswal PE
BUSINESS
Vishal Mega Mart weighing confidential filing of IPO papers; fourth after Tata Play, Oyo & Swiggy
In May 2018, Kedaara Capital and Partners Group acquired Vishal Mega Mart from TPG
BUSINESS
Aavas Financiers: Big-bang stake sale brewing as Kedaara, Partners Group explore full exit
In February 2016, a Kedaara-Partners JV acquired Aavas Financiers Ltd. Incidentally, both the promoters, Kedaara Capital and Partners Group, have diluted part stake earlier in the year via the block deal route
BUSINESS
Mega sale of Advent-backed Bharat Serums & Vaccines: Who are the 3 suitors in the final lap?
Moneycontrol was the first to report the firm's sale plans on December 2. Advent International is expecting a valuation between $1.5 bn to $2bn for its portfolio company, the report had added.
BUSINESS
Polycab India promoters likely to sell part stake worth upto $257 million via block deal
The block deal has been launched and investment bank Jefferies is acting as the advisor, one of the sources said
BUSINESS
'Expected IPO timelines are 18-24 months': Kogta Financial's Arun Kogta post fresh fund raise by Ontario Teachers
Kogta Financial, an NBFC (non-banking financial services company), has sealed a series E fund raising round and mopped up Rs 1,230 crore from top Canadian pension fund Ontario Teachers' Pension Plan.The Jaipur-based firm was founded in 1996 and has assets under management of Rs 4,800 crore
