Early discussions have kickstarted with a few select suitors keen on a domestic formulations platform. Temasek is the other key shareholder in Integrace.
Temasek Global Investments is one of three new entities announced last month as part of the overhaul, as the firm attempts to streamline operations and improve results
Schneider Electric said the transaction is 'the logical next step' in its strategic focus on India, which it called an 'attractive domestic growth market' and one of the company's key hubs.
A potential transaction could value the whole venture at roughly $5 billion including debt
Financials form a key part of Temasek's India portfolio and Lambah shares that the firm is now ready to explore newer bets beyond banks, in verticals like asset management and wealth management
On this edition of Deal Central, Ravi Lambah, Head, Strategic Initiatives and Head ( India) at Temasek speaks to Moneycontrol's Ashwin Mohan about the Singapore based global investment giant's plans to pump in $10 bn in India, the mega Haldiram acquisition valuing the snack maker at $10 bn, synergies with family-owned businesses in India, strategy post the Sahyadri Hospitals buyout and top sectoral picks for m&a
Final, definitive documents between OTPP and Manipal Hospitals could be signed within the next few days
LaunchBay is targeting to raise $400 million from international and domestic institutional investors
Over and above Temasek, Alpha Wave Global is also likely to soon reach a pact to pick up around 5-6 percent stake in Haldirams along with a co-investor at the same valuation of around $10bn, sources added.
Blackstone and Alpha Wave Capital are the other suitors who have earlier expressed interest in the transaction
Zulia Investments had a 1.37% stake in the lender as of December-end, exchange data showed
The IPO is likely to include a secondary offer for sale (OFS) and a “large” primary capital-raise, the report added.
Blackstone and Alpha Wave Capital are the other suitors in the fray for the transaction
Moneycontrol was the first to report in March 2024 that Dr Agarwal's Health Care had engaged investment banks as advisors and kicked off the process to launch an initial public offer in FY25
The portfolio will consist of direct investments and credit funds, Temasek said in a statement Friday.
The Singapore state investor is holding preliminary talks to buy from 10% to 15% in Haldiram, the people said, asking not to be identified because the matter is private.
The transaction will also mark Peak XV’s exit from Cloudnine after an 11-year investment. Peak XV, formerly Sequoia Capital, initially invested $16 million in Cloudnine during a 2013 funding round
VFS has a large presence in India, where it provides visa application services for the US consulate across cities in the country
Temasek Holdings is a state-owned multinational investment firm in Singapore. As of March 31, 2024, the investment company held an SGD 389 billion of portfolio value.
The Singapore state investment company has been discussing options including a sale of its minority stake in the joint venture to Schneider or another party
Over the last decade, India has been Temasek’s best performing market globally and its total mark to market India exposure, including the indirect exposure to Airtel through Singtel, is around $37 billion
The petitioner was represented by senior advocate Balbir Singh and lawyers Jasmeet Singh and Saif Ali. The respondent was represented by advocate Ruchir Bhatia
Molbio Diagnostics, which is known for its molecular diagnostics platform, became Goa's first startup to hit unicorn status in September 2022
This deal takes the stake of Tata Group's holding company to 70 percent in the satellite TV provider, according to the report
The Sheares Healthcare Group is wholly-owned by Temasek, which had a net portfolio value of around $284 billion at the end of the last financial year. It invests in, designs, builds and operates a network of healthcare facilities, including hospitals, clinics, specialist medical centres and senior living facilities