BUSINESS
Ankit Nagori’s Curefoods begins work on IPO, in talks to appoint advisers
The Accel-backed food and beverages company could raise $300-400 million through the IPO expected to hit the markets in the latter part of FY26
BUSINESS
UltraTech Cement in advanced talks to acquire HeidelbergCement India
German cement maker Heidelberg owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges
BUSINESS
Jubilant promoters to tap MFs, HNIs to raise $700 mn to part finance Coca-Cola bottling biz stake purchase
The plan to raise debt from the domestic markets to fund the stake purchase comes even as the promoters have a committed credit line from Goldman Sachs for the entire deal size of Rs 12,500 crore
BUSINESS
PAG in talks to raise $375 million debt to finance $1-billion Manjushree buyout
Asia Pacific-focused PAG on January 13 had announced signing definitive documents to acquire Manjushree Technopack, one of India’s largest rigid plastic packaging companies
BUSINESS
IPO, QIP fundraising to touch Rs 3 lakh crore in 2025: AIBI chairman Lunawat
Lunawat predicts that the Indian market will see significant IPO activity in the next two years, with as many as 1,000 IPOs likely to hit the markets in this period, compared to just 851 in the last six years.
BUSINESS
CVC Capital in talks to restructure Sajjan India’s $350-million acquisition loan
In FY24, the company’s revenue fell 30 percent to Rs 1,052 crore from the previous year. The drop in profit was steeper at Rs 106 crore, down almost 61 percent
BUSINESS
Singtel, KKR agreed to put in checks to address CCI concerns on $ 1.3-billion data centre deal
Singtel and KKR, which together picked up a 26% stake in STT GDC for $1.3 billion in 2024, agreed to safeguards after CCI raised several red flags
BUSINESS
Falling rupee, rising hedging costs may sour India Inc’s offshore borrowing plans
Since Donald Trump's election as the next US president, the rupee currency has fallen 2.86 percent against the dollar in less than three months
BUSINESS
KKR, Canadian pension fund OTPP to infuse Rs 5,500 cr in Highways Infrastructure Trust
The capital will be used to fund the acquisition of two major road portfolios worth more than Rs 15,000 crore (around $1.76 billion)
BUSINESS
Sebi asks IPO-bound companies to disclose whistleblower complaints
The development comes as the market regulator made a rare intervention to stop IPOs of at least two companies in the recent past after whistleblower complaints alleged lapses in disclosures made in their offer documents
BUSINESS
Shapoorji gets bondholder nod to ease covenants, move to help loan refinancing against Tata Sons shares
The group has also received in-principle approval from stock exchanges for the changes to be made to the NCDs
BUSINESS
Sterlite Grid raises Rs 2,450 crore from NaBFID, IIFCL to refinance loans of Mumbai transmission project
Sterlite Grid 32 has 10 completed, and under-construction transmission projects in seven states and the union territory of Jammu and Kashmir, covering approximately 4,500km of transmission lines through a capex of Rs 25,000 crore
BUSINESS
Petronas arm Gentari India to raise $400 mn to supply clean power for green ammonia
The funds proposed to be raised will be used by Gentari to set up around 2,400 megawatts (MW) of solar and wind assets in the states of Karnataka and Andhra Pradesh.
BUSINESS
India Inc enters 2025 with cash reserves of Rs 7.6 lakh crore, up 51% since covid
While global and domestic demand concerns persist, analysts believe strategic investments arising from inorganic opportunities will drive growth
BUSINESS
Zomato-backed Magicpin set to join tech-IPO bandwagon; in talks to appoint advisors
Earlier this month, Magicpin announced that it is entering the quick commerce segment for food delivery.
BUSINESS
Goldman Sachs in talks to acquire Multiples PE-owned HR services firm PeopleStrong
PeopleStrong provides tech services to companies across the entire employee lifecycle from hire to exit, including human capital management, payroll, talent acquisition and management, and collaboration
BUSINESS
Shapoorji Pallonji kicks off talks for IPO of real estate business
The proposed IPO of its real estate business follows the recent public debut of Afcons Infra and sale of other assets this year, which the group used to make substantial repayments on loans
BUSINESS
Aether Industries eyes Rs 1,300 cr QIP fundraise for capex
This will be Aether’s second QIP since its IPO in 2022. In June 2023, the company raised Rs 750 crore through a QIP.
BUSINESS
13 investment banks bid for Canara Robeco Mutual Fund IPO mandate
Canara Robeco was managing assets worth Rs 1.06 lakh crore as of November 30, 28 percent more from the end of 2023
BUSINESS
IPO-bound Credila suspects fraud in loan portfolio, makes Rs 80 crore provision
The suspected fraud cases were detected in the September quarter and are being investigated, the company has said
BUSINESS
KKR, OTPP to infuse up to $700 million in Highways Infrastructure Trust to acquire roads worth $1.8 billion
KKR is the sponsor of the Highway Infrastructure Trust, while OTPP is its second biggest shareholder
BUSINESS
MC Interview | SpiceJet turnaround on track, 70% of claims with lessors and vendors resolved: Ajay Singh
Chairman and managing director shares with Moneycontrol in an exclusive interview that the troubled airline’s turnaround plan is making steady progress with support from stakeholders and customers
BUSINESS
MC Exclusive: EPC firm Shivalaya Construction picks three investment banks for Rs 1,500 crore IPO
For FY23, the construction firm reported revenue of Rs 2,188 crore, up from Rs 1,439.5 crore in the previous financial year.
BUSINESS
Brookfield REIT QIP sees 2x demand, LIC, IFC, mutual funds among investors
This is the second time that Brookfield REIT has taken the QIP route to raise funds since its IPO in February 2021. In August 2023, it Rs 2,305 crore by selling shares to institutional investors
