BUSINESS
Singapore government cements its position as largest FPI in India
With investments in 78 different Indian companies, the market value of Singapore government’s holdings is roughly same as the next two FPIs combined
BUSINESS
Punit Goenka to face a test of investor confidence at Zee Entertainment AGM
Analysts note that ZEEL’s institutional shareholders, including domestic mutual funds and foreign portfolio investors (FPIs), will play a critical role in determining Goenka’s continuity.
BUSINESS
CarDekho, co-promoted by Shark Tank India’s Amit Jain, in talks to appoint i-banks for up to Rs 4,000-cr IPO
CarDekho will be the second auto classifieds portal to go public in India after CarTrade.com's parent company, which went public in August 2021.
BUSINESS
Varun Beverages to tap markets for Rs 7,500 cr QIP in November
Varun Beverages is the second largest franchisee of PepsiCo in the world (outside US) with operations spanning across 10 countries with franchise rights and additional 4 countries with distribution rights.
BUSINESS
Quick commerce success will require ongoing experimentation and adaptation: Swiggy’s Majety
The food delivery and quick service company has set a price band of Rs 371-390 for its IPO, which opens on November 6.
BUSINESS
Alpha Wave Global in advanced talks to pick up minority stake in VLCC backed by Carlyle
Carlyle acquired a 66 percent controlling stake in VLCC in January 2023 from its founders Vandana and Mukesh Luthra for around $300 million
BUSINESS
KKR in exclusive talks to acquire cancer hospital chain HCG from CVC Capital
CVC’s 60.36 percent stake in HealthCare Global is worth around Rs 3,613.97 crore, as the stock’s closing price in the previous week
BUSINESS
Adani Green energy may explore private placement route to finance bonds
Adani Green recently put off its $1.2-billion bond offering which aimed to replace loans taken for the solar and wind assets with 20-year bonds
BUSINESS
Bankers seek dilution of new investment banker norms proposed by Sebi
I-Bankers have made a representations to Sebi, asking it to revisit the definition of "relatives" in the August 28 consultation paper, saying it is too wide and will be hard to comply with
BUSINESS
Hyundai IPO, India’s biggest share sale, is also its most expensive
The South Korean car maker spent Rs 624 crore, or $74 million, to execute the Rs 27,855 crore-IPO of Hyundai Motor India
BUSINESS
Closely watching the impact of Chinese export controls: Waaree Energies Chairman
Waaree exports 44 percent of its modules and the US is one of its key markets. The company is planning to set up a 1.6 GW module facility in Houston.
BUSINESS
Torrent Power eyes Rs 3,000-4,000 cr fundraise through QIP
Torrent’s power business spans conventional coal and gas power generation, renewable assets, transmission, as well as green hydrogen projects.
BUSINESS
Strained India-Canada relations unlikely to impact long-term capital flows, say I-bankers
Canadian pension funds such as CPPIB, CDPQ and private investors like Brookfield Asset Management and Fairfax Financial have collectively invested around $21 billion in India over the past five years.
BUSINESS
Shapoorji Pallonji likely to pay bondholders by October-end; Afcons IPO to open next week
The SP Group in September got the bondholders' nod to move the deadline for interest payment of Rs 1,800 crore by three months to December 31
BUSINESS
Multiples PE-backed Veritas Finance plans over Rs 3,000 crore IPO
Veritas Finance’s profit increased to Rs 245 crore in FY24, as against a profit of Rs 176 crore in the previous fiscal.
BUSINESS
A look at Ratan Tata’s personal estate worth Rs 7,900 cr
Ratan Tata owns a small direct stake of 0.83% in the Tata Group holding company Tata Sons
BUSINESS
Capex for airports, expressway, green energy projects: How Adani Enterprises plans to use its QIP proceeds
Adani Enterprises on October 9 launched its QIP to raise as much as $500 million. The company may raise more funds using a green shoe option depending on investor demand.
BUSINESS
Adani Enterprises launches first tranche of QIP to raise $500 million; may raise more later
Funds to be raised from the proposed QIP are planned to be used for capital expenditure purposes as well as to repay some existing debt of the company and its subsidiaries.
BUSINESS
Adani Enterprises taps Gulf sovereign funds, GQG to raise $2 bn from QIP
Funds to be raised from the proposed QIP are planned to be used for capital expenditure purposes as well as to repay some existing debt of the company and its subsidiaries.
BUSINESS
Macquarie looking to deploy capital in India through multiple pools, including its balance sheet: India Head Poddar
Abhishek Poddar, India Country Head at Macquarie Group, says the company has a long-term and positive outlook on India, and it is excited about the opportunities covering the energy transition, infrastructure and digital space.
BUSINESS
EV ride-hailing startup BluSmart in talks to raise up to $100 million
BluSmart, which operates in Delhi-NCR and Bengaluru, went international in June with the launch of a premium all-electric limousine service in Dubai.
BUSINESS
Heidelberg exploring sale of India business; taps Adani, UltraTech and JSW Cement
Germany's Heidelberg owns 69.39 percent of HeidelbergCement India, which is listed on the local stock exchanges
BUSINESS
Shapoorji Pallonji Group seeks waivers from lenders for launch of Afcons pre-IPO and IPO share sale
On October 1, Moneycontrol reported that SP Group altered its plans for the IPO of Afcons. Now, it plans raise up to Rs 4,000 crore in a pre-IPO round and around Rs 4,500 crore in the IPO. Earlier, the plan was to raise Rs 7,000 crore in the IPO.
BUSINESS
With refinancing done, focus will now be on debt reduction: Biocon Biologics CFO
The funds raised will go a long way towards helping the company repay the debt it had taken on for the acquisition of Viatris Inc's biosimilars portfolio for over $3 billion.
