Sbi Capital

InCred Capital, backed by KKR, ADIA, picks senior i-bankers to lead ECM foray

In July 2022, InCred and KKR announced the conclusion of the strategic merger of InCred Financial Services Limited (InCred Finance) and KKR India Financial Services Limited (KIFS).

Adani Enterprises may file for mega Rs 20,000cr FPO in Jan; takes more I-bankers on board

If it fructifies, the Adani Enterprises FPO would be arguably the biggest yet in India Inc, beating the previous record held by Yes Bank. In order to boost its capital levels in line with regulatory norms, the private sector lender had launched an FPO in July 2022 to raise Rs 15,000 crores.

Sequoia & Flipkart Backed Wildcraft Kickstarts Trek To D-Street; Eyes 2022 IPO

According to its website, Wildcraft was incorporated in 1998 and is engaged in the manufacturing and distribution of head-to-toe products for trek-to-travel solutions and its founders include Dinesh KS, Gaurav Dublish and Siddharth Sood. In 2013, Wildcraft raised $11 mn from Sequoia Capital. Later in 2018, the firm saw investments from Flipkart Group ( providing it a distribution platform via Myntra) and Asia focused fund FidelisWorld ( which said it would leverage its global network to help the business grow in India and overseas)

Fabindia files papers for 2022 listing, Premji Invest-backed firm joins apparel brand IPO party

On 10th January, Moneycontrol was the first to report that Delhi based Biba Apparels, which is backed by Warburg Pincus and Faering Capital, had shortlisted advisors for its proposed initial public offer. Sequoia Capital-backed women’s bottom-wear brand Go Colours raised Rs 1,014 crores via its IPO and made a stellar debut on the bourses in November, listing at a 90 percent premium to its issue price. Others like Manyavar owner Vedant Fashions ( backed by Kedaara Capital) are also preparing for an IPO

Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue

The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.

Five merchant bankers shortlisted for NMDC disinvestment

The government has proposed to put up about 39.64 crore shares through Offer for Sale(OFS) and fetch an estimated Rs 3,600 crore at current market price.

Lenders seek bids to sell majority stake in Monnet Ispat

In November 2015, lenders invoked strategic debt restructuring for Monnet Ispat and Energy under RBI‘s scheme.

Sebi ropes in HDFC Realty, SBI Cap for sale of Sahara assets

Sources said that HDFC Realty and SBI Capital would help the markets regulator in valuation as well as the sale process for the selected properties as per the directions of the Supreme Court.

Cabinet to soon consider auction of 100 mineral blocks

Last month, Steel and Mines Minister Narendra Singh Tomar had said his ministry has identified 100 mineral blocks for exploration, which will be offered to the private sector once the government notifies National Mineral Exploration Policy (NMEP).

Coal India stake sale may spill over to next fiscal

The 10 percent stake sale in Coal India is likely to be deferred to next fiscal as the government wants to wait for stability in the equity markets for a better valuation.

NHAI to raise up to Rs 1,000 cr via bonds starting tomorrow

The bonds will have a face value of Rs 1,000 each for an amount of Rs 1,000 crore with an option to retain oversubscription of up to additional Rs 9,000 crore aggregating up to a total of Rs 10,000 crore, NHAI said.

Foreign investors want govt to defer Coal India stake sale

Foreign investors such as Fidelity, Wellington Management and BlackRock have also conveyed that they might look at selling their holding in Coal India since the share price could plummet further in case the disinvestment happens soon, sources told PTI.

Five banks hired to manage Coal India stake sale: IFR

The stake sale, valued at about USD 3.2 billion at the current stock price, is part of New Delhi's aim to raise 695 billion rupees (USD 11 billion) by March from selling minority stakes in government-owned companies.

8 banks submit bids to manage $3.2 bn CIL stake sale: IFR

The stake sale, valued at about USD 3.2 billion at the current stock price, is part of New Delhi's aim to raise 695 billion rupees (USD 10.52 billion) by March by selling minority stakes in government-owned companies.

States to put 82 blocks for auction by Oct-Nov: Mines Secy

In March this year, the government passed the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015, which paves the way for states to auction iron ore and non-coal mineral mines.

SBI appoints Anshula Kant as CFO

Anshula Kant has been designated as the Deputy Managing Director and CFO of the bank, SBI said in a filing on BSE

India investing Rs 5K cr for urea plant in Iran

According to sources, India is planning to set up a urea joint venture plant at Chahbahar in Iran, using natural gas as feedstock which is abundant in the country, with an estimated investment of Rs 5,000 crore.

Nifty not expensive if it factors in FY16 earnings: SBI Cap

Mahantesh Sabarad of SBI Capital believes the Nifty is not expensive if one factors in FY16 earnings growth.

Govt to divest up to 10% in Coal India; OFS to open Jan 30

The government currently holds 89.65 percent stake in CIL. As per the minimum shareholding norms for listed companies, the government needs to lower its stake in the state-run behemoth to 75 percent.

Targeting gross sales of Rs 2K cr by FY18-end: Insecticides

SBI Capital Markets is bullish on Insecticides India stock and recommends buying with a target price of Rs 1,031 per share. The stock is currently trading around Rs 870 per share.

PowerGird FPO anytime next month; govt may raise Rs 1,900cr

According to the company, the government could get about Rs 1,900 crore from the process, while the company will garner about Rs 6,000 crore from the sale of fresh equities.

IOC stake sale roadshows in S'pore,Dubai to begin on Oct 6

The Disinvestment Department will embark on a three nation roadshow, including Singapore and Dubai, beginning next month to attract foreign investors for the 10 percent disinvestment of IOC, estimated to fetch the government over Rs 4,000 crore.

Govt shortlists Goldman, 5 others for NTPC share sale

India has shortlisted six banks, including Goldman Sachs, Citigroup and Morgan Stanley, for a selldown of state shares worth USD 2.3 billion in power producer NTPC, three sources with direct knowledge of the sale said.

KFA restructuring by Q1FY13; Mallya to clear bk dues by Mar

SBI Capital submitted Kingfisher Airline's report on the viability of the airline to its lenders. Sources say that the ailing carrier's viability report received the in-principal nod from bank lenders.