The latest KKR deal goes on to prove investors can’t take their eyes off India’s single-largest opportunity
KKR's is the fifth such infusion in Jio Platforms as, over the past one month, leading technology investors such as Facebook, Silver Lake, Vista and General Atlantic have announced aggregate investments into the company.
The General Atlantic-Jio deal could act as a catalyst for the movement to develop an Atmanirbhar Bharat that the Prime Minister spoke of
General Atlantic, which invested Rs 6,600 crore in RIL digital unit, says it will support Jio team as they look to solve needs of Bharat and leverage connectivity
First, Facebook, then Vista and Silver Lake, and now General Atlantic. Jio continues to be a big draw for technology investors. The zero-debt goal for RIL has just got more fuel.
The real estate startup had raised $121 million from General Atlantic and Tiger Global in 2019.
Closure of the deal, talks for which are now at an advanced stage, is expected in the next few weeks.
The private equity company is likely to buy an 80 percent stake in Capital Foods.
General Atlantic has been invested since 2007 in IBS, an IT services provider for travel and logistics businesses. The deal is expected to close within a month, subject to regulatory approvals, the statement said.
Private equity player General Atlantic is looking to pick up the Godrej Group‘s 38.4 percent controlling interest in IT company Geometric, sources have told CNBC-TV18‘s Kritika Saxena.
General Atlantic has nine companies in its portfolios and is likely to exit three by next year. It is open to exiting NSE via initial public offering (IPO) whenever promoters want to list it.
Baring will buy out promoters led by Atul Nishar and GA Global Investment Ltd's 41.8 percent stake at Rs 126 or Rs 135 per share for an aggregate Rs 1,575 crore to Rs 1,687 crore. It will buy Hexaware founders' 27.7 per cent stake and 14.1 per cent from private equity firm General Atlantic.
"AND Designs, promoted by fashion designer Anita Dongre, is a leading apparel maker which sells women's garments under brands AND, Anita Dongre and Global Desi. The company clocked revenues Rs 280 crore in 2012-13," the report said.
Vishal Kshatriya of Edelweiss recommends going long in on July Futures of HCL Technologies at current market price with a target of Rs 850 and stop loss below Rs 770.
Aashish Tater, Head of Research of Fortunewizard.com is positive on Hexaware Technologies and recommends buying the stock on decline.
In CNBC-TV18‘s special show Apex 2013 experts share views on where the Indian private equity (PE) sector currently is and future prospects.
Private equity firm General Atlantic today appointed Sandeep Naik as its managing director.
In a major development in the IT space, Bain Capital has bought 30% stake in Genpact.
One of the largest deals in the IT space may be coming close to the finish line. Private equity players Oakhill and General Atlantic have started a process to sell their stake in business process outsourcing firm Genpact and Bain Capital and Government of Singapore Investment Corp (GIC) are seen as front runners to acquire the stake.
Regen Powertech, a Chennai-based wind turbine manufacturer, promoted by the Nuziveedu Seeds Group received Rs 52 crore from TVS Capital and existing investor, Summit FVCI. The funds will be used for expanding its manufacturing capacity at its Udaipur plant, as well as for project development.
The IT services arm of Indian steel-to-oil conglomerate Essar Group is in talks to raise USD 500 million to USD 600 million through a US initial public offering and the sale of a stake to private equity firms, sources familiar with the matter said.
US private equity firm General Atlantic LLC (GA) is looking to pick up a 'significant' stake in cable company IndusInd Media and Communications.
US private equity firm General Atlantic LLC said on Friday the sharp depreciation of the Indian rupee and a stock market decline have created a good entry point for private equity investments in the South Asian nation.
Signing their single largest contract till-date, software services firm Hexaware Technologies said it has won a new five year contract with estimated revenue of USD 250 million.