BUSINESS
IPO-bound insurtech firm Turtlemint converts to public company ahead of filing draft documents
Turtlemint is expected to file its draft red herring prospectus soon. The firm is looking to raise up to Rs 2,000 crore through the share sale
BUSINESS
Tata Capital kicks off investor roadshows for Rs 17,000-crore IPO
Tata Sons, promoter of the NBFC, is expected to offload up to 23 crore shares, while International Finance Corporation will sell up to 3.58 crore in what is expected to be the biggest public offer of the year
BUSINESS
Brookfield’s CleanMax, KKR-backed Hero Future Energies may file draft IPO papers by next week
Hero Future Energies is looking to raise around Rs 4,000 crore and CleanMax around Rs 5,000 crore
BUSINESS
ICICI Venture exits Epack Durable, sells shares in open market
ICICI Venture sold 36.38 lakh shares of Epack Durable, a shareholding of 3.79 percent, through open market trades between March 24 and July 31
BUSINESS
KKR may sell up to $300-million stake in Vertis Infrastructure Trust
KKR has a 71.66 percent stake followed by Ontario Teachers’ Pension Plan, which holds 24.99 percent in the roads infrastructure investment trust
BUSINESS
Tata Motors targets €1 billion equity raise to repay Iveco acquisition debt in four years
The company is acquiring the commercial vehicle business of Iveco, excluding its defence business, through a voluntary tender offer at €14.1 per share, backed by bridge financing commitments from Morgan Stanley and MUFG.
BUSINESS
Syrma SGS picks i-banks for Rs 1,000-crore QIP
The Chennai-based electronics manufacturing services company plans to use for capex as well as acquisitions
BUSINESS
Trump imposes 25% tariff: Textiles, jewellery, pharma, electronics face threat; India Inc hoping for relief in trade deal
The 25 percent tariff is higher than the tariffs for countries that have reached some agreement with the US on tariffs and trade barriers such as European Union (15 percent) and UK (10 percent) and some of the south east Asian nations such as Indonesia (19 percent), Philippines (20 percent) and Vietnam (20 percent), which compete with India.
BUSINESS
KKR, Cube road InvITs plan IPO, may raise up to Rs 5,000 crore each
The move is aimed at tapping a wider pool of investors to meet growth capital requirements amid a rising demand for high-yield generating assets
BUSINESS
India’s biggest warehouse owner IndoSpace picks bankers for $1-billion IPO
IndoSpace’s plans to tap the public market comes as warehousing companies, which had explored the InvIT route to monetise assets, are now opting to raise funds through IPOs due to lower investor demand
BUSINESS
Blackstone-backed Bengaluru developer Bagmane planning Rs 4,000-crore REIT IPO
This will be the fifth office REIT in the Indian markets after Embassy Office Parks, Mindspace Business Parks, Brookfield India and Blackstone-backed Sattva group’s Knowledge Realty Trust, which filed its documents earlier this year
BUSINESS
Domestic capital must anchor India’s PE future: Gaja Capital’s Gopal Jain
While foreign capital will continue to play an important role, domestic capital must become the foundation, the PE firm's chief executive officer and managing director tells Moneycontrol
BUSINESS
GMR Airports planning to raise up to Rs 6,000 crore to refinance debt; may tap mutual funds
GMR Airports' standalone net debt at the listed company level, excluding the airport subsidiaries, was at approximately Rs 5,700 crore at the end of FY25
BUSINESS
Tata Sons plans $400-mn fund infusion into struggling e-commerce biz Tata Digital
Tata Sons will leverage its dividend income from TCS for the investment in Tata Digital and is unlikely to dilute any stake in TCS, sources said.
BUSINESS
360 ONE WAM promoters, employees cash in on post-UBS deal rally, sell shares worth Rs 483 crore
The 360 One WAM stock has surged nearly 26 percent since April 22, when the acquisition was announced
BUSINESS
Amber plans to raise up to Rs 3,000 crore through QIP, IPO of subsidiary ILJIN Electronics
The consumer durables player is eyeing a Rs 1,500-crore QIP for Amber Enterprises and is looking to raise another Rs 1,200-1,500 crore through ILJIN Electronics’ IPO
BUSINESS
Blackstone targets Indian infrastructure and energy opportunities, scouts for investment talent
The PE firm’s infrastructure business manages assets worth $60 billion, primarily in North America and Europe
BUSINESS
Macquarie prepares to sell its TOT road bundle for $1.5 billion
If the entire portfolio of nine roads is sold, it will be the biggest such deal in India, exceeding KKR’s acquisition of 13 roads from PNC Infratech for Rs 9,000 crore
BUSINESS
IRB InvIT Fund likely to raise up to Rs 3,000 crore via QIP to fund road acquisitions
In May, IRB InvIT Fund entered into a non-binding offer with and IRB Infrastructure Trust for the transfer of its three highway assets for an aggregate enterprise value of around Rs 8,450 crore
BUSINESS
India Inc’s cash pile growing twice as fast as its debt
India Inc’s strategy to build bigger cash reserves comes at a time when companies worldwide are grappling with economic uncertainties stemming from high interest rates, supply-chain realignments, tariff wars and geopolitical disruptions
BUSINESS
Not taking loans or pledging shares for ZEE fund infusion: Subhash Chandra
Chandra’s comments came in an over 90 minute long call with analysts and investors, which the company said is part of its strategy to improve corporate governance and outreach to shareholders.
BUSINESS
Avendus sale faces delay as KKR, Gaja Capital squabble over exit premium
The deal, valued at approximately $700 million, will mark Mizuho's biggest investment in India, reflecting a major commitment to the Indian market
BUSINESS
Promoter-led IPOs outshine PE-backed issues in returns
An analysis of 218 IPOs from FY20 to FY25 shows that non-PE-backed', or promoter-led, companies have generated an average listing day return of 33.40%. PE-backed firms delivered a more modest 21.36%
BUSINESS
Torrent Pharma revives talks to acquire KKR’s stake in JB Pharma; deal expected soon
KKR’s stake is worth approximately Rs 13,400 crore considering the J B Pharma stock’s closing price of Rs 1,802.9 per share on June 27.
