BUSINESS
Unity Small Finance Bank promoters likely to dilute stake to raise up to $150 million: Sources
BharatPe owns 49% in Unity SFB, and Centrum group the remaining 51%. Sources say BharatPe is likely to pare its shareholding to around 25-26%. Company calls it speculation.
BUSINESS
Brookfield exploring $300 mn IPO of renewable energy company CleanMax
The Canadian investor acquired a controlling stake in CleanMax in 2023 with an investment of $360 million. Brookfield is hoping to raise Rs 2,500 crore to Rs 3,000 crore.
BUSINESS
Mobikwik, other IPO-bound companies face approval delay over deemed public issue hurdle
Under Companies Act, an unlisted company cannot sell shares to more than 200 people in a financial year without making a public offering. If such share sale has taken place, they are considered to be a deemed public issue and may result in a penalty or the company having to give the buyers of these securities an exit route
BUSINESS
Shapoorji Pallonji group seeks more time to repay lenders
Shapoorji has told the NCD holders that it is in the process of raising funds to repay the debt raised with the support of Sterling Investments Corporation Private Limited. A significant portion of the NCDs were sold to domestic high net-worth individuals by wealth management firms, who were allocated these NCDs by several foreign banks.
BUSINESS
Exclusive: Tata Motors mulls merger of EV subsidiary with passenger vehicles business after demerger
The move aims to create exit opportunities for EV divisions’ existing and future investors after the company’s demerger, which will create two listed entities.
BUSINESS
Piramal fund in talks to acquire ICICI Ventures-backed speciality chemicals maker Anthea Aromatics for $132 million
ICICI Ventures invested Rs 120 crore in the company in 2016 to acquire a minority stake.
BUSINESS
PE-VC dealmaking may remain tempered in 2024 as global macros stabilise: Bain & Co
Indian private equity and venture capital (PE-VC) investment went down around 35 percent from $62 billion in 2022 to almost $39 billion in 2023, returning to the pre-Covid levels
BUSINESS
Welspun Corp eyes monetisation of ABG Shipyard land parcel
The move to sell the land parcel comes after the group had previously indicated it was exploring various new business options for the shipyard, whose assets it had acquired forRs 659 crore in September 2022.
BUSINESS
Goldman, Everstone eye $1.7 bn valuation for sale of healthcare-focused IT services firm
Founded in 2003, Omega Healthcare provides revenue cycle management, business process services, and other support services to healthcare companies.
BUSINESS
Health insurance, nutrition are areas of high interest for us: Quadria Capital
Quadria, which is currently raising an $800-million fund to invest in healthcare opportunities across India and Asia, has assets under management of $1.4 billion in India.
BUSINESS
HUL's Tiwari says rural demand to outpace FMCG industry average
HUL’s business strategy involves three key priorities: first, driving volume growth; second, enhancing gross margins to fuel further investment; and third, ensuring competitiveness in the market by expanding market share, said Ritesh Tiwari.
BUSINESS
Morgan Stanley, India Life Sciences funds acquire control of Maiva Pharma, invest Rs 1,000 crore
The company plans to use the proceeds to set up a new manufacturing facility near Hosur, with capabilities in sterile dosage forms including pre-filled syringes, bags, oncology and hormonal injectables.
BUSINESS
Renewable energy firm Juniper Green Energy eyes IPO
As of February, the company had an operational portfolio of about 1 GW with an under-construction capacity of over 500 MW and a development pipeline of more than 5 GW of solar, wind and hybrid projects.
BUSINESS
Hospital chain Paras Healthcare picks 3 i-banks for Rs 1,000 cr IPO
Paras manages a portfolio of seven multi-super-specialty hospitals across Haryana, Bihar, Rajasthan, J&K and Jharkhand with 1,700 beds.
BUSINESS
General Atlantic eyes stake sale in Rubicon Research through IPO
The PE firm acquired a 58 percent stake in the pharmaceutical products development company in 2019
BUSINESS
Global interest in India opportunity will propel economic growth: Sanjay Nayar
BUSINESS
GQG, Fidelity, HDFC MF, Quant MF to invest in Vodafone Idea’s Rs 18,000 cr FPO
The Vodafone Idea FPO will open for subscription on April 18 and close on April 22. The company has fixed a price band of Rs 10-11 per share for the FPO
BUSINESS
How Vodafone Idea plans to spend its Rs 18,000 cr FPO proceeds
The Vodafone Idea FPO will open for subscription on April 18 and close on April 22. The company has fixed a price band of Rs 10-11 per share for the FPO.
BUSINESS
Offshore loan demand sees a spike as India Inc gears up for capex, rate cuts
Funds raised through the ECB route surged 82% in FY24 (till February) to $41.5 billion, RBI data shows.
BUSINESS
NTPC Green shortlists four i-banks for Rs 10,000 crore IPO
The IPO proceeds will be used by the company to fund ongoing and future solar energy, green hydrogen and green ammonia capex plans.
BUSINESS
Vodafone Idea to launch Rs 18,000-20,000-crore FPO next week
Moneycontrol reported on March 1 that Vodafone, which is looking to raise Rs 45,000 crore in equity and debt, has secured equity commitments exceeding Rs 8,200 crore from anchor investors. Bulk of the funds will be used for growth capex.
BUSINESS
Ahead of IPO, Hero FinCorp writes off bad loans worth around Rs 1,200 crore
Hero FinCorp recorded a 25 percent rise in AUM in the first nine months of FY24, which grew to Rs 49,127 crore, while disbursals rose 26 percent to Rs 24,979 crore
BUSINESS
RBI policy meet: Upturn in private capex cycle becoming broad based, says governor Das
RBI Policy: Several sectors such as food processing, textiles, chemicals, cement, iron and steel, telecommunications and roads are seeing improvement in investment activities
BUSINESS
India’s green hydrogen value chain a $125-billion investment opportunity by 2030: Avendus Capital
Renewable energy production is expected to generate investment opportunities worth almost $80 billion by 2030
