StanChart picks former JPMorgan executive as next India head
Standard Chartered has nominated ex-JPMorgan India chief P.D. Singh to be the next India and South Asia CEO, two sources with direct knowledge of the matter told Reuters on Tuesday. The Asia-focused lender has sought approval from the Indian central bank for Singh's appointment, the sources said on condition of anonymity. Singh, who ......
India brightens IPO prospects for 2025 in Asia Pacific
Dealmakers expect the momentum for new share sales in India, now the world's busiest market for initial public offerings, and Australia in 2025 will cushion the impact of sluggish Chinese deals in the Asia Pacific. The Mumbai-based National Stock Exchange outranked the bigger U.S. exchanges in the amounts raised by IPOs for ......
Global deal volumes expected to rise over $4 tn in 2025 due to possible Trump boost
Bankers expect global deal volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect Donald Trump's promise of less regulation, lower corporate taxes and a broadly pro-business stance. The total value of mergers and acquisitions (M&A) rose 15% from last year to total $3.45 trillion ......
Vishal Mega Mart jumps 41% in trading debut to $5.8 bn valuation
Shares of India's Vishal Mega Mart surged 41% in debut trade on Wednesday, giving the budget retailer a valuation of $5.8 billion as investors bet on the company's growth prospects and resilience to challenges faced by larger rivals. The stock, which listed at 104 rupees on the National Stock Exchange, rose to ......
Amazon’s investment arm sells Shoppers Stop stake
Amazon.com NV Investment Holdings LLC, a subsidiary of American e-commerce company Amazon.com Inc., on Wednesday sold its entire stake in Indian brick-and-mortar retail chain Shoppers Stop Ltd. Amazon sold about 4.4 million shares, or a 4% stake in the Indian company, at Rs 627.60 apiece. This totals to almost Rs 275.9 ......
Vishal Mega Mart's $943 mn IPO fully subscribed on second day of share sale
Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors. The issue, which runs from Dec. 11-13, received bids for 835.5 million shares as of 1440 IST, compared to the 756.8 million shares on ......
Grapevine: Haldiram, Alpha Wave Global, Jar, Prosus, GIC, and BharatPe in news
Alpha Wave Global has joined the race for a minority stake in Haldiram Snacks Food, while Prosus is in advanced talks to lead a funding round for fintech startup Jar, according to various media reports. Also in news, Singapore’s GIC is exploring the options for its stake in Greenko Energy ......
First Bridge nears halfway mark for second PE fund, gets new LP
Indian private equity firm First Bridge has brought on board a new limited partner for its second fund as it reaches closer to touching the investment vehicle’s halfway mark, VCCircle has gathered. The Mumbai-based PE firm, led by former Future Group executive KK Rathi and former India Resurgence Fund executive Vishal ......
Just Climate-backed Continuum Green Energy files for $430 mn IPO
Indian renewable energy company Continuum Green Energy Ltd, which is backed by UK-based sustainable investor Just Climate and private equity investor Morgan Stanley Infrastructure Partners, has filed draft papers to float an initial public offering worth Rs 3,650-crore ($430 million). The IPO, which comes amid a spate of renewable energy companies tapping ......
CPPIB, ADIA, Masdar move to delist ReNew Energy from Nasdaq
Canada Pension Plan Investment Board, Abu Dhabi Investment Authority and Abu Dhabi Future Energy Company PJSC, which operates as Masdar, have proposed to take Indian renewable energy company ReNew Energy Global Plc private. The three investors along with ReNew founder and chairman Sumant Sinha have offered to delist the company from ......
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