Adani Group is making its largest acquisition by value ever. It will be spending $10.5 billion, including the open offer to buy 26% from public shareholders, to buy Ambuja Cements and ACC. Global brokerage Jefferies published a note with its verdict of this acquisition. Watch the video to know more
The Adani Group on May 15 said that it has entered into definitive agreements to acquire Swiss cement major Holcim Ltd’s businesses in India -- Ambuja Cements and ACC Ltd -- in a deal that propels the infrastructure conglomerate helmed by billionaire Gautam Adani as the second-largest cement maker in the country. Ashwin Mohan who broke the story joins Karunya Rao.
Meanwhile, startups founded solely by women in India raised $116.6 million, or a mere 0.25 percent of total funding bagged by private companies in 2021.
Following the announcement, Mindtree shares gained 1.68 percent on the BSE, closing at Rs 4,385.5 apiece.
The deal with Axis Bank will provide “excellent opportunities” for all Citibank India customers and is expected to close by June 30, 2023
Biocon Biologics, a subsidiary of Biocon, has entered into a definitive agreement with Viatris to acquire the US-based company's biosimilars business in a $3.3 billion stock and cash deal. Catch Nisha Poddar in conversation with Kiran Mazumdar-Shaw to take a deep dive on the deal rationale & growth road map.
Top PE Blackstone places its bet on ASK Investment, as it closes the much-awaited deal today. Find out the synergies and possibities that lie ahead in this exclusive interaction.
Sequoia's new fund comes amid falling tech stocks and governance issues at one of its hottest companies, similar to how its last fund came amid the pandemic's first wave.
Money from share sales is breathing life into the capital’s luxury property market as deals worth Rs 50-100 crore pick up after registration office reopens
"This is one community if we don’t encourage, we would be shooting ourselves in the foot!" says Zia Mody. So what more can be done to encourage PE/VC investment in startups and what should be the focus of the expert panel announced in the budget? Listen In ! @ashwinmohansays
The value of deals was 54 per cent higher than in 2019 before the pandemic
2021 has seen several high profile deals in India Inc - ranging from the buyout of Air India by the Tata Group to the $4.7 bn acquisition of BillDesk by Naspers backed PayU. So what were the key M&A trends in the year gone by and what can we expect from promoters, PE funds and conglomerates in 2022? Moneycontrol's Ashwin Mohan caught up with Karan Singh, Managing Partner, Bain & Company, India to find out
Indian SaaS startups have had a breakthrough year, with a lot of unexpected factors. What led to this boom, and will it sustain?
Despite the funding boom, Blume's managing partner Karthik Reddy warned that companies should spend the money carefully.
A91 Partners, founded by three former partners at Sequoia Capital India, has closed its second fund at $550 million. In their first interview since quitting Sequoia, the trio- VT Bharadwaj, Abhay Pandey and Gautam Mago talk about the challenges of a fund manager, why investing is a brutal business and the importance of governance.
The PE firm is cautious about technology valuations and the risks. In an interview, partner and PE head Gaurav Sharma breaks down the dynamics.
Check out the best festive deals on laptops across various segments.
Check out which law firms tops the league table for legal advisors to private equity transactions in 2021.
On April 16, Citibank said it will exit consumer/retail operations in 13 countries across Asia and Europe, including India, to focus on the institutional and wealth management business in these markets. Moneycontrol had earlier reported that the likes of HDFC Bank, Kotak Mahindra Bank, ICICI Bank and HSBC are evaluating the high-profile transaction.
Gameskraft’s deal in Bengaluru and Vijaya Diagnostic Centre’s Rs 35 crore deal in Hyderabad is part of the trend of southern cities showing strong growth in demand, supply and rentals for commercial property, compared with the lacklustre show in the western and northern cities, experts say.
Ajit Abraham Isaac, promoter of the staffing company, has purchased the property from a Singapore-based NRI. Some of Isaac’s new neighbours include Infosys co-founder Nandan Nilekani, Kris Gopalakrishnan, Dr Devi Shetyy of Narayana Health, Flipkart founders Sachin and Binny Bansal.
Customer engagement firm MoEngage has raised $32.5 million led by private equity firm Multiples, continuing dealmaking in the software startup space
B2B marketplace Infra.Market, which was valued at a billion dollars in March is now raising funds at a valuation of $2.5 billion pre-money led by Tiger Global Management. The aggressive valuation is a result of its rapid growth at scale. It has also led preliminary conversations with PE giant TPG.
Sequoia India earned $200m in cash by selling its stake in Vini Cosmetics-maker of Fogg deodorants to PE giant KKR. The deal marks one of Sequoia's largest exits. We look at the storied Silicon Valley investor's route to investing, early days of Vini, the firm's gains and carry structure.
SoftBank, the Japanese investment giant is continuing its dealmaking spree. Its latest is a $100 million top up in software firm Mindtickle, valuing it at a billion dollars. The deal will Mindtickle India's latest unicorn- the newest member in a record-breaking year for unicorns.