BUSINESS
Higher cover, structured hedging strategies: How India Inc is battling rupee depreciation, volatility
Exporters and importers are responding differently but both sides are accelerating hedge coverage, hedging their exposure using structured products and preferring shorter tenor hedges until policy and geopolitical backdrop stabilises
BUSINESS
IPOs generated $38 bn in OFS proceeds for promoters, investors — two-thirds of all money raised from IPOs in last 5 years
Large quantities of secondary share sales by company insiders are often viewed with caution in Indian markets, especially retail investors, but market experts said the pattern is an outcome of a maturing capital-market system rather than a distortion.
BUSINESS
Brookfield REIT picks investment banks for Rs 3,500-cr QIP
Brookfield REIT shareholders will vote on the acquisition and the share sale on November 28 at the company’s extraordinary general meeting.
BUSINESS
Global investors backing India’s private credit story at scale: Ascertis’ Kanchan Jain
"Ten years ago, everyone wanted to do special or distressed situations. But the fact that we have a $520 million first close, with a majority of it global, in a performing credit strategy shows how LPs are now looking at India with a more nuanced lens," said Jain..
BUSINESS
IHC’s $1-bn acquisition of Sammaan Capital in focus following SC directives: Experts
The Supreme Court on Wednesday ordered the Central Bureau of Investigation (CBI) and Sebi to probe the allegations of irregularities
BUSINESS
Wealthy investors shift from MFs, PMS to Cat-III AIFs in hedge against volatility
This shift towards AIFs is a relative movement of capital away from traditional, long-only products such as mutual funds and PMS into hedge-style, long-short, quant and absolute-return funds, that offer lower volatility, downside protection and more stable returns.
BUSINESS
Essar Group seeks foreign capital to fund green energy ambitions
Investment bank Avendus Capital is advising Essar Group on the fundraise.
BUSINESS
India Inc’s cash buffer shrinks first time in three years, debt rises in a sign of private capex revival
This is the first time in three years since September 2022 that India Inc’s cash reserves have seen a decline. Manufacturing, heavy machinery and infrastructure remain at the core of this capex cycle
BUSINESS
Missing $533 million was "roundtripped" back to Byju Raveendran, affiliates: alleges Delaware court filing; Byju's denies allegations
In November 2021, the company raised $1.2 billion Term Loan B through its US financing vehicle, Byju’s Alpha. The money was intended to fuel large international acquisitions and rapid scaling. By mid-2023, lenders alleged major breaches of the credit agreement.
BUSINESS
Brookfield contemplating IPO of natural gas pipeline InvIT
Energy Infrastructure Trust operates the country’s first bi-directional natural gas pipeline, a 1,485 km corridor connecting gas-producing fields on the east coast with key industrial and urban markets in the west.
BUSINESS
Adani Enterprises' Rs 25,000 crore rights issue to fund airports, roads, new energy ventures
Adani Enterprises' rights issue will open for existing shareholders on November 17. The company has lined up a sizeable capital-expenditure pipeline which is expected to reach Rs 36,000 crore for the full year.
BUSINESS
WeWork India to launch GCC-focused workspace solution as demand surges
The move comes even as the global tech slowdown shows little sign of dampening demand from multinational corporations or Indian enterprises
BUSINESS
Edelweiss Alternatives planning to file for Rs 2,500-crore IPO of roads InvIT next month
With its InvIT IPO plans, EAAA joins others like KKR and I Squared Capital, which are planning to take their InvITs public, as well as the National Highways Authority of India.
BUSINESS
Tech IPO boom to unleash a wave of luxury real estate buying
As stock market euphoria turns many first-generation entrepreneurs and startup employees into crorepatis, wealth managers say this liquidity surge could reshape demand in India’s premium housing segment, particularly in tech-heavy hubs such as Bengaluru, Gurugram, Pune, and Hyderabad.
BUSINESS
We’re a pension plan, not a wealth-maximising vehicle, says CPP Investments CEO amid AI frenzy
While the fund has invested in leading AI companies such as OpenAI, xAI and Anthropic as well as the 'Magnificent Seven', its exposure remains lower than market weights as part of long-term, diversified investing approach, John Graham says
BUSINESS
Sebi puts Sterlite Electric IPO on hold over US short seller’s allegations against parent Vedanta
The regulator is currently examining the allegations by Viceroy and has also sought relevant details from the company. The regulator’s website on October 27 showed that Sterlite’s public issuance has been kept in abeyance.
BUSINESS
Rising domestic investor demand spurs record secondary trades in InvITs
In the last two months, seven InvITs have seen secondary transactions worth almost Rs 6,000 crore, data from stock exchanges shows
BUSINESS
The rise of pre-IPO advisors: India’s listing boom is creating a new breed of IPO specialists
As India’s record IPO pipeline expands, a new category of consultants has emerged to help unlisted firms get their systems, reporting, and governance in shape, long before investment bankers and lawyers step in.
BUSINESS
Tata International bondholders seek clarity on redemption of Rs 800-cr bonds
The question of redemption of these bonds is crucial for TIL, because if the company fails to redeem, it could see interest rate on the instruments rise from 9.1 percent to 12.1 percent - a steep three-percentage-point markup - significantly raising its financing costs and straining cash flows.
BUSINESS
Vedanta taps lenders to back Rs 17,000-crore bid for Jaiprakash Associates
The Anil Agarwal-led group is tapping foreign hedge funds and global investors as it readies funding for the acquisition, which will mark its foray into real estate and cement and strengthen its power generation capacity
BUSINESS
Hyundai wants India to be its No.2 market by 2030; not worried if Chinese carmakers return, says CEO
The company’s fresh India commitment, part of a broader global capacity and technology build-out, includes a ₹45,000-crore programme focused largely on localisation of product development and engineering, along with the Pune plant ramp-up.
BUSINESS
Wealth advisory Equirus targetting sustainable growth and not aggressive expansion, says MD Ajay Garg
“The temptation in a fast-growing market is to chase AUM at any cost. We’re consciously avoiding that trap," said Equirus' Ajay Garg.
BUSINESS
Tata International faces a Rs 800 crore bond redemption that risks raising financing cost and strain cash flow
With total debt - including perpetual instruments - estimated at over Rs 5,000 crore, any delay or rollover of these bonds could increase TIL’s interest outgo by nearly Rs 24 crore annually, further squeezing liquidity.
BUSINESS
Macquarie’s $1.3-billion TOT roads sale draws interest from KKR, Cube, CDPQ, IRB and EAAA
The portfolio consists of road projects spanning 648 km across Andhra Pradesh and Gujarat. Macquarie is open to selling the portfolio as a whole or in three smaller packages, depending on buyer appetite
