BUSINESS
Vedanta to use Rs 8,000-crore QIP proceeds to repay Oaktree, Deutsche, Union Bank
Vedanta plans to use the proceeds towards repaying Rs 17,470 crore it owes to the three lenders
BUSINESS
Adani eyes Jaypee cement assets through IBC
The insolvency proceedings against Jaiprakash Associates are expected to heat up competition in the fast-consolidating cement industry, which is seeing big players such as UltraTech, Adani, Dalmia and JSW Cement vie for assets across the country
BUSINESS
Puravankara planning $100-mn QIP as real estate firms tap markets for funding growth, reduce debt
Real estate developers have been tapping the markets to raise equity to shore up their balance sheets and reduce their dependence on debt funded growth of the past.
BUSINESS
Alvarez & Marsal plans big bet on India; to grow senior team 3x in next two-three years
The consulting firm, which has only recently invested in building a global capability centre in India, is also looking to scale up that team to 1,500 individuals over the next four to five years.
BUSINESS
Blackstone in advanced talks for controlling stake in Haldiram's
Blackstone, along with consortium partners Abu Dhabi Investment Authority and Singapore’s GIC - backers of Blackstone’s global funds - have been in talks with the Delhi and Nagpur-based members of the Agrawal family for the last few months, but differences over valuation of the business have delayed the negotiations.
BUSINESS
Adani Enterprises, Adani Energy Solutions may soon tap markets for QIPs
The two companies plan to use the proceeds to fund capex and growth plans as well as to repay certain borrowings of the company.
BUSINESS
Delhi-based hospital chain Paras Hospitals to file IPO DRHP before month-end
PE investor Creador is looking at a substantial exit through the IPO, the source said, adding that Paras is looking at raising around Rs 300 crore-400 crore in fresh capital, which will be used to fund capital expenditure and to repay debt.
BUSINESS
Singtel plans another stake sale round in Airtel via block deals: Sources
The next round could see the telco, owned by Singapore's sovereign wealth fund, sell shares worth Rs 20,000 crore in one or more block deals
BUSINESS
Actis-sponsored Nxt-Infra InvIT raises Rs 1,520 crore; Tata Investment Corp, L&T among investors
The fundraise also saw participation from various domestic institutional investors such as mutual funds, corporate treasuries and pension funds.
BUSINESS
Cello World to soon launch QIP to raise up to Rs 800 crore
The company plans to use the funds for various purposes including retiring debt and capital expenditure.
BUSINESS
Demerger plan retains flexibility for EV investors' exit: Tata Motors Group CFO
In October 2021, TPG Rise Climate and its co-investor ADQ announced an investment of Rs 7,500 crore in the EV business at a valuation of up to $9.1 billion.
BUSINESS
GMR’s Delhi International Airport looking to refinance Rs 2,500 crore debt
The company is in talks with lenders to raise this money to refinance part of its debt, which is due in October 2025, say sources, Net debt at Delhi International Airport Ltd stood at approximately Rs 12,500 crore, as of March 31, 2024.
BUSINESS
Vodafone Group planning to invest up to Rs 3,000 cr in Vodafone Idea after Indus stake sales
The British telecom company's plan to invest in Vodafone Idea follows the Indian telco's successful Rs 18,000-crore follow-on public offering in April
BUSINESS
Tagged as promoter of Snapdeal-backed Unicommerce eSolutions, SoftBank seeks indemnity rights from Kunal Bahl, Rohit Bansal
SEBI has increased scrutiny of IPO-bound companies, resulting in several instances where it has asked companies to reclassify members of promoter groups as promoters or asked investors holding concentrated bets to classify themselves as promoters.
BUSINESS
Why did Vodafone Group sell 18% stake in Indus Towers now?
'Vodafone has been negotiating with the lenders for an extension for the repayment deadline while simultaneously also trying to refinance a large outstanding loan for which it had received an ultimatum from lenders,' sources told Moneycontrol.
BUSINESS
Canadian pension fund CPPIB, Macquarie, Cube in advanced talks to acquire NIIF’s $1.2 billion road portfolio
At an enterprise value of up to $1.2 billion, this will be the biggest roads deal in the country
BUSINESS
GMR’s smart meter arm looking to raise $100-150 million
Last year, the smart meters arm of GMR won an order worth Rs 7,593 crore to implement a large-scale smart metering project under the DBFOOT (Design, Build, Finance, Own, Operate, and Transfer) model.
BUSINESS
Solar pumps maker Oswal Pumps said to plan Rs 2,000 crore IPO
Oswal Pumps is involved in the manufacturing of submersible pumps, monoblock pumps, electric motors and solar pumps catering to building services, agricultural and industrial sectors.
BUSINESS
Carlyle taps ADIA, GIC, KKR, others for sale of stake in Airtel data centres business
Carlyle had acquired a 24 percent stake in the Nxtra for around Rs 1,780 crore ($235 million) in 2020. The sale is expected to fetch $ 800 million to 900 million.
BUSINESS
Avendus to raise its 3rd late stage fund, targets Rs 3,000-cr corpus
The fund will make 10-12 investments, with an average allocation of Rs 200-300 crore per investment, targeting sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing.
BUSINESS
Adani Enterprises, Adani Energy Solutions boards approve $3.5 billion fundraising plan
On May 26, Moneycontrol first reported that the boards of the two companies were planning to approve fundraising plans, collectively worth around $3.5-4 billion.
BUSINESS
Lenders seek more collateral for promoter financing on frothy valuation concerns
In the last 12 months, the BSE Midcap index and BSE Smallcap index have gone up by 64.5 percent and 60.5 percent, respectively, compared to the 21.6 percent rise in the Sensex.
BUSINESS
MCA tightens scrutiny of beneficial ownership norms for foreign-owned companies
Several FOCCs have received notices from ROCs alleging violation of SBO rules. All these entities declared they had no SBO in their annual filings
BUSINESS
Adani Enterprises, Adani Energy Solutions boards to approve $3.5-4 billion fundraise
On May 24, Moneycontrol reported that six Adani Group stocks, including Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Ports & SEZ, have erased the losses triggered by a critical Hindenburg report and are now trading above their January 2023 levels, when the report was published by the short-seller.
