BUSINESS
Panchshil-Blackstone’s Ventive Hospitality to file for Rs 2,000 crore IPO this week
India has seen three hotel operators go public in the past 12 months.
BUSINESS
Vedanta Resources in talks with lenders to raise $1 billion through foreign currency bonds: Sources
On July 25, global rating agency S&P upgraded Vedanta Resources credit rating to B- from CCC+ on the back of improving capital structure and liquidity.
BUSINESS
Post-Covid-19 capital markets boom sees IPO banker fee double for mid-sized deals
The Indian primary market has seen 196 IPOs from FY21 onwards, resulting in a total fundraise of Rs 2.56 lakh crore.
BUSINESS
JSW Steel taps Japan's MUFG for funding Australian coking coal mining company acquisition
The development assumes significance as most major global banks have limited their exposure to fossil fuel assets amidst growing global pressure over climate change, making it difficult for companies to access funds for financing the acquisition of such assets.
BUSINESS
JSW Cement’s IPO hits Sebi wall over show cause notice to promoter Jindal family
Sebi go-ahead for the offer document likely post-settlement of the case, say sources
BUSINESS
India's biggest solar panel maker Waaree Energies’ IPO delayed over deemed public offer non-compliance
The approval has been withheld due to apparent non-compliance with a Companies Act provision which states that an unlisted company cannot offer its shares to more than 200 people in a financial year, without making a public offering.
BUSINESS
IGI IPO: Why Blackstone is asking investors to pay for acquisition of overseas assets it owns
International Gemmological Institute (IGI), a certification provider for lab grown and natural diamonds, was acquired by Blackstone in May 2023 for around $550 million from Chinese investment firm Fosun and Roland Lowrie of the founding family.
BUSINESS
GEF Capital set for 22x return on solar cell, module manufacturer Premier Energies IPO exit
GEF Capital invested Rs 177 crore in the company in September 2021 for a 21 percent stake.
BUSINESS
Cube Highways front runner to acquire NIIF road portfolio for $775 mn enterprise value
If concluded, this will be the first exit by NIIF, which began operations in 2019. This will also be the second-biggest road portfolio sale this year.
BUSINESS
KKR, Canadian pension fund set to pump in up to Rs 3,000 crore in HIT
The investment will be utilised towards funding the acquisition of a portfolio of 12 roads from PNC Infratech for an enterprise value of Rs 9,000 crore.
BUSINESS
Bharti Group raises $1.8 bn debt from Barclays for BT stake buy; may rope in more lenders
On August 13, Bharti announced that it would acquire a 24.5% stake in BT for a sum of 3.2 billion pounds ($4 billion), from the British telco’s biggest shareholder Patrick Drahi’s Altice group.
BUSINESS
Tower InvIT Data Infra Trust to raise Rs 6,600 cr from Brookfield, GIC, British Columbia for ATC deal
Data Infrastructure Trust on January 4 had announced that it will acquire ATC’s India telecom business comprising 78,000 towers for an enterprise value of Rs 16,500 crore
BUSINESS
Ola Electric, FirstCry IPOs give i-banks a fat Rs 241 cr payday
The fee income earned by bankers from these two IPOs represent almost 20 percent of the total IPO fee income in 2024, with the total fee earnings so far standing at Rs 1,214 crore across 44 IPOs.
BUSINESS
Adani Enterprises likely to launch maiden retail NCD offering this month, QIP in early September
On July 25, Adani Enterprises filed a draft prospectus with stock exchanges for raising Rs 600 crore through a public offer of non-convertible debentures. In May, the board of Adani Enterprises approved a proposal to raise up to Rs 16,600 crore through the QIP route.
BUSINESS
Afcons drops loan repayment plan to Shapoorji firm after Sebi questions use of IPO proceeds
The development highlights the increased scrutiny of IPO documents by the market regulator. A buoyant primary market is attracting a record number of companies to attempt a public debut .
BUSINESS
HUL is the best pick for anyone looking to invest in the long-term growth story of India and FMCG industry: Rohit Jawa
Despite short-term challenges, Jawa expressed confidence in HUL's long-term potential, driven by India's expanding consumer market and innovation across core and emerging categories.
BUSINESS
Quick commerce is now one-sixth of HUL’s e-commerce sales, says CEO Rohit Jawa
The HUL CEO pointed out that Q-commerce growth is being led by convenience driven categories such as food and personal care.
BUSINESS
The trend of premiumization has been consistent and resilient and will continue: HUL CEO
Premium growth is outpacing total growth by nearly two times at HUL.
BUSINESS
Our priority is to grow our core brands or introduce Unilever brands to the market: HUL CEO
Over time, we have traditionally acquired brands that met our criteria of complementarity, where we believed we had the right to win, and were available at a good value, said Jawa
BUSINESS
Japan interest rate hike, US recession fears may make offshore borrowing difficult for Indian corporates
Domestic companies had just begun tapping the offshore debt market this year, following very little activity in the last two years on account of the US Fed raising interest rates in the wake of the Russia-Ukraine conflict and global inflation. The new developments could prove a dampener.
BUSINESS
Political turmoil in Bangladesh puts spotlight on Adani Power's $90-mn monthly supply contract
'Adani Power continues to supply power to the Bangladesh power utility without any disruption. Going forward, too, we will remain guided by BPDB's (Bangladesh Power Development Board) schedule and as per the provisions of the PPA between two utilities,' a spokesperson for the Adani group said.
BUSINESS
Tech startup Infra.Market in talks to appoint i-banks for $300-400 million IPO
Founded by Souvik Sengupta and Aaditya Sharda in 2016, the Tiger Global, Accel and Nexus Ventures backed startup sells construction materials, infrastructure goods, and technical equipment.
BUSINESS
Adani Energy Solutions $1-bn QIP sees 6x demand; domestic MFs put in bids worth $325 mn
Moneycontrol first reported on July 30 that the Adani Energy QIP had evinced interest from global investors such as Rajiv Jain’s GQG Partners and Abu Dhabi’s sovereign wealth fund ADIA
BUSINESS
GQG, IHC, ADIA among likely investors in Adani Energy Solutions QIP
Among domestic investors, the QIP is likely to see participation from Bandhan Mutual Fund, and 360 One; some FIIs from US have also sown interest in the deal.
