BUSINESS
SoftBank likely to sell Zomato shares as lock-in period ends: Sources
As a result, the shares received during the Blinkit deal will unlock for trading on Monday, August 28.
BUSINESS
M&M officials meet RBL Bank peers after buying 3.53% in troubled lender
Mahindra & Mahindra on July 26 confirmed that it has acquired a stake of 3.53 percent in RBL Bank for Rs 417 crore
BUSINESS
Cipla promoters said to explore stake sale to Blackstone, Baring Asia
Sources also suggest that an investment bank has been hired to advise on the deal and PE firms like Blackstone, Baring Asia among others are in talks to explore a deal. This move comes as a step towards succession planning for the company, they added.
COMPANIES
Mahindra Group buys around 4% in RBL Bank; eyes more stake: Sources
Mahindra Group is keen on increasing its stake in RBL Bank to 15-25% if it gets the approvals to be a strategic shareholder of RBL Bank.
BUSINESS
Pharmeasy to seek funding from Manipal only in case of shortfall in rights issue
The Manipal Group's family office had made a binding offer to invest up to Rs 1,300 crore in the online pharmacy
BUSINESS
Exclusive: Paradeep Phosphates considering stake buy in Mangalore Chemicals, say sources
In what would be a large deal in the chemical and fertiliser space, among the options is a possible merger between Mangalore Chemicals and Paradeep Phosphates
BUSINESS
Bain Capital in talks to buy ice cream maker Vadilal, say sources; company issues clarification
Bain Capital is eyeing a controlling stake in the combined entity of Vadilal Industries, Vadilal Enterprises and Vadilal brand, the sources said.
BUSINESS
Exclusive | Manipal Group to lead Rs 2,500 crore investment in PharmEasy at massive drop in valuation: Sources
The Manipal Group family office may also secure a board seat at API Holdings and become its single largest shareholder.
BUSINESS
Max Financial Services promoter stake sale hits a roadblock, say sources
Sources suggest that Analjit Singh wants to retain part stake for monetising future upside but PE investors are interested in buying full promoter stake as part of the deal.
BUSINESS
MC Exclusive | Max Financial Services promoter to sell stake as per sources, chairman Analjit Singh denies
Analjit Singh is said to have started a stake sale process and expects a valuation of over Rs 27,000 crore.
BUSINESS
Poonawalla Fincorp puts housing finance arm on the block: Sources
Sources suggest that the ask price for Poonawalla Housing Finance by the parent company is 3-times the net worth of the arm which was reported as Rs 1,100 crore in Sep-end 2022
BUSINESS
MC Exclusive | Bharti Enterprises to exit ICICI Lombard via block deal soon, say sources
Bharti General Ventures owns 3.7% stake in ICICI Lombard and an investment bank is in the process of building the book for a block trade, sources told Moneycontrol
BUSINESS
Exclusive | Suven Pharma on the block, in talks with PE, strategic firms for control deal: Sources
Suven Pharma was demerged from Suven Life in 2020
BUSINESS
Exclusive | Zuari Agro looks to offload Mangalore Chemicals shares to Chambal Fertilisers: Sources
Zuari Agro had bought Mangalore Chemicals in 2015 and is now looking to sell shares and majority control to raise funds to repay debt, sources suggest to Moneycontrol
COMPANIES
EXCLUSIVE | DG already has search and seizure powers: CCI Chairperson on Competition (Amendment) Bill
"The proposed reform will balance the need for standstill requirement and the compelling element of time sensitivity in market purchases. It is a major step towards ease of doing business," Ashok Kumar Gupta, the CCI Chairperson added.
BUSINESS
‘W’ brand owner TCNS Clothing on the block, shareholders look to exit: Sources
Promoters with a 32.25% stake in the company may also look to exit if there is a buyer interested in acquiring a majority stake, sources indicate.
BUSINESS
Yes Bank Board: Sunil Kaul and Shweta Jalan likely nominees from Carlyle and Advent
Sunil Kaul is managing director and financial services sector lead for Carlyle Asia and Shweta Jalan is managing partner at Advent International who heads India business for the private equity firm.
BUSINESS
Zomato's shares sale likely in tranches as lock-in for pre-IPO investors ends: Sources
Sources share with Moneycontrol that buyer interest is tepid and new investors may be ready to buy at a discount to current market price of Zomato shares
BUSINESS
MC Exclusive | RBL Bank investors likely to approve new CEO, seek board nominee: Sources
Baring Asia, CDC and Gaja Capital are likely to back new MD and CEO R Subramaniakumar, but want to nominate one or more seasoned bankers to the board to strengthen the private lender and protect their investments
BUSINESS
Exclusive: Singapore's GIC in talks to buy Aditya Birla Fashion stake worth Rs 2,330 crore
The board of Aditya Birla Group’s fashion arm will meet tomorrow in this regard
COMPANIES
Yes Bank’s ARC deal in final stages, Cerberus & JC Flowers in the race: Sources
Two separate deals to fully resolve Yes Bank’s bad debt issue and capital requirements is in the works, sources shared with Moneycontrol
BUSINESS
Adani Group: Building an empire through acquisitions
The acquisition of Holcim’s assets -- Ambuja Cement, and ACC -- makes Adani Group the second largest player in the cement sector. With over 30 acquisitions since 2014 in different verticals and businesses, Adani Group has grown at a scorching pace through acquisitions and has become a dominant player in most of these businesses such as ports, airports, power, and others.
BUSINESS
MC Exclusive | Adani clinches Holcim deal with speed and tackling FEMA rules
The Adani Group won Holcim’s prized cement assets in India by offering deal certainty with speed. Skipping foreign exchange regulations by structuring the deal via an unlisted overseas special purpose vehicle was the biggest deal clincher for Adani. Moneycontrol reported first on the foreign exchange regulations aspect of the deal.
BUSINESS
Holcim Deal: Adani, JSW, Aditya Birla Group in race to arrange Rs 70,000 cr to buy Ambuja, ACC: Sources
The Holcim deal valuation, as defined by FEMA regulations, will be close to Rs 70,000 crore, which includes the open offers for Ambuja Cement and ACC.
