Earlier this month, Bajaj Finance had also offloaded 2.5 lakh equity shares or around 0.6 percent stake in Landmark Cars for Rs 15.53 crore.
The floor price for the stake sale will be at a discount of 0-5 percent against the current market price, the sources said. The scrip settled at Rs 668.75 apiece on the BSE on June 22.
Following the closing of the transaction, Manipal Group will hold about 30 percent of Manipal Hospitals. Sheares Healthcare Group will retain its existing 18 percent stake.
In January 2016, Abraaj had purchased 72 per cent in Care Hospitals from Advent Capital for Rs 2,000 crore. Later, the Dubai-based fund collapsed following allegations of misappropriation and mismanagement of funds by its LPs (limited partners). In 2019, the reins were handed over to TPG backed Evercare Group, which revamped the leadership and initiated a clean-up act.
Reliance Jio: From Facebook to L Catterton, here's a list of all ten investors in Jio Platforms
TPG will invest Rs 4,546.80 crore for a 0.93 percent stake in Jio Platforms.
TPG, an investor in companies such as Airbnb, Uber and Spotify, will invest Rs 4,546.80 crore for a 0.93 percent stake in Jio Platforms. Reliance digital unit has now raised a combined Rs 102,432.15 crore from leading technology investors.
Bain Capital, KKR and TPG Capital are also in the fray to pick up a stake in the coffee chain.
The private equity firm plans to invest $500 million-$1 billion yearly
Manipal-TPG is likely to offer a valuation of Rs 6,000 crore for Medanta
The billionaire entrepreneur’s biggest investment could also turn out to be his toughest challenge yet
Global investor, TPG Capital is trying to merge Fortis Healthcare and Manipal Health Enterprises. if it succeeds the move will create the country's biggest healthcare group, reports the Times of India.
UnitedHealth Group Inc's said it would buy Surgical Care Affiliates Inc for about USD2.30 billion, adding heft to its business that provides services including primary and urgent care in ambulances.
Billionaire brothers Malvinder and Shivinder Singh are in talks with private equity group TPG Capital to lay off a significant minority stake in Fortis Healthcare, reports The Economic Times.
US buyouts firm TPG Capital, Singapore sovereign fund Temasek, Canada‘s CPP Investment Board and Prem Watsa‘s Fairfax Financial Holdings are in lining up to acquire as much as 49 percent in Mumbai International Airport Ltd (MIAL) from the GVK group
The appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power said in a statement today.
TPG has offered to pay around USD 300 million, and the deal is likely to be finalized after the two companies negotiate on a few terms of agreement.
In this deal, both of the companies together will aim at launching USD 1 billion fund to invest in debt-laden companies and ease the non-performing asset (NPA) situation, reports CNBC-TV18's Nisha Poddar, quoting sources.
The big question is whether the IDBI strategic stake sale would be to one entity or whether the government would opt for a wide-holding.
Finance Minister Arun Jaitley in his Union Budget speech in February said, "The process of transformation of IDBI Bank has already started. Government will take it forward and also consider the option of reducing its stake to below 50 percent."
Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on May 28, which is necessary for companies to launch any public offer.
According to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations, the investment in the said quarter registered a year-on-year jump, but declined on a quarter-on-quarter basis.
The firm would garner up to Rs 400 crore by issuing fresh equity shares, while private equity firm TPG Capital, Oriole Ltd and the company's promoter Ravi B Goyal would rake in up to Rs 950 crore through the sale of existing shares, according to draft documents filed with Securities and Exchange Board of India (Sebi).
The company plans to raise up to 4 billion rupees by issuing new shares, while TPG and other shareholders would raise up to 9.5 billion rupees selling existing shares in AGS, which offers payment solutions and technology products to banks and retailers, the terms showed.