Several other key institutional investors also participated in the buying spree. AB Sun Life Mutual Fund acquired a 0.72% stake, equivalent to 18.60 lakh shares, at Rs 802.50 per share. HSBC Mutual Fund purchased a 0.31% stake, totaling 8.09 lakh shares, at the same price.
Singapore-based Growtheum Capital and Asia-focused fund Everstone Capital are among the others who are in the race for the Faridabad-based hospital chain
Anand Agarwal, former chief financial officer of Amazon’s consumer business in India, has been handed over Misra's responsibilities.
Naik had joined the firm as Managing Director and the head of its India office in late 2012. Sources said that his responsibilities will be handled by Shantanu Rastogi in India and Neal Kok in Southeast Asia.
More than 1.27 crore shares or a 4.9 per cent stake in PNB Housing Fin were disposed of by both entities.
US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund Pte offloaded shares of KFin Technologies.
The PE firm acquired a 58 percent stake in the pharmaceutical products development company in 2019
General Atlantic's former investments in India in the sector include Rubicon Research, ASG Eyecare and Hyderabad's KIMS Hospitals.
It is learnt that that Everstone is in talks to sell their entire stake in Restaurant Brands Asia, which is the operator of many fast food chains like Burger King.
The planned investment compares with the $500 million to $1.2 billion that General Atlantic has invested per annum in recent years in Southeast Asia and India, Rastogi said.
With this fresh funding, the Walmart group firm has raised USD 750 million till date.
In January, PhonePe announced raising $1 billion in tranches at a valuation of $12 billion. Since then, the fintech unicorn has raised $350 million from General Atlantic, $100 million from Tiger Global Management, Ribbit Capital and TVS Capital, and $200 million from its largest shareholder--Walmart
According to PhonePe, the investment marks the first tranche of $1 billion funding round
The top 20 employees of Flipkart, the most senior and early staffers of the e-commerce giant, will be getting as much as $200 million out of the $700 million payout,
According to the bulk deal data available with the National Stock Exchange (NSE), General Atlantic Singapore Fund Pte offloaded 31,15,981 shares, amounting to 3.5 percent stake in the company.
Other than majority shareholder General Atlantic, Kotak Mahindra Bank is also an investor in KFin Technologies. The private sector lender acquired nearly 10 percent stake in the firm last year by investing Rs 310 crore as primary infusion in the company
The all-equity round is expected to close in the next two weeks and may take PhonePe’s valuation close to $13 billion, including new capital invested.
According to the bulk deal data available with the BSE, General Atlantic Singapore sold 14,50,000 shares, amounting to 1.8 per cent stake in the company.
If PhonePe’s massive round goes through, it will make the startup India’s most valued fintech, amid a rout in startup funding
This New York based company is strategising to lead a new financing round of close to $100 million in Acko
The valuation of India’s largest online pharmacy PharmEasy has dropped to almost half its October 2021 $5.4 billion pre-IPO tag at $2.5-2.75 billion.
The transaction is also expected to pave the way for an exit for Investcorp, which invested in the company in 2017.
General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer, Sandeep Naik, the head of its business in India and Southeast Asia, said in an interview.
Apollo HealthCo could raise close to $500 million through the minority stake sale, sources said
Many parents opted for aggressively marketed online educational help with coaching and individual counselling and paid out what were princely sums to them, only to realise not too far down the line that they had been conned