Grapevine: Boat, Zomato, Brookfield, Porter, Piramal-Bain ARC, Oyo, MPL in news
Gentari Sdn Bhd has agreed to acquire a renewables portfolio from Brookfield Asset Management, while Zomato has enlisted Morgan Stanley, and Boat has appointed bankers for their QIP and IPO, respectively, according to various media reports. Additionally, private equity (PE) firms are in talks to invest in Porter, Mobile Premier ......
Grapevine: Prosus, Mintifi, Wilson & Hughes, Cox & Kings, Orkla, NARCL in news
Prosus may buy a minority stake in a Indian supply-chain financing startup, while Wilson & Hughes PTE has acquired the Cox & Kings brand through the insolvency process, according to various media reports. Also in news, the Indian arm of Norwegian conglomerate Orkla ASA has selected bookrunning managers for its listing ......
Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news
The Bhartia family is in talks with a marquee investment bank to jointly acquire stake in Hindustan Coca-Cola Beverages, while HDFC Bank plans to sell several commercial properties inherited from its merger with mortgage lender HDFC, according to media reports. Also in news, Peak XV-backed Zetwerk is exploring fundraising options, ......
Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO
Temasek Holdings Pte is nearing a deal to acquire a significant minority stake in VFS Global, valuing the visa outsourcing firm at around $7 billion, including debt, a media report said. The Singapore state-owned investor is expected to purchase about 20% of the company, which is majority-owned by Blackstone Inc., Bloomberg reported, citing people ......
NIIF-controlled iBus gets new backer on board as another PE investor checks out
Digital infrastructure provider iBus Network and Infrastructure Pvt Ltd has brought on board International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, as a new investor. IFC has invested Rs 280 crore ($34 million) to pick up a minority stake in iBus, providing an exit to some ......
Cipla Health weighs controlling stake in PE-backed nutrition brand
Cipla Health Ltd, the wholly-owned subsidiary and consumer healthcare arm of Cipla, is evaluating a majority stake purchase in a private equity-backed nutrition brand as part of the parent company's focus on expanding its presence in the wellness sphere, at least two people aware of the development told VCCircle. The company, ......
MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
UAE-based automotive SaaS startup Seez led fundraising activity in the Middle East and North Africa (MENA) region this week, as it secured growth capital funding from several international investors to expedite its geographical expansion plans. Besides, Algerian ed-tech startup LabLabee and Saudi vacation property rental startup Darent secured seed funding, ......
Grapevine: Blackstone JV plans IPO; Pernod Ricard may sell whisky brand
Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, plans to file a draft prospectus for an initial public offering in the coming weeks, a media report said. The company aims to raise around Rs 2,500 crore through a fresh share issue. JM Financial and Kotak Mahindra Capital have been appointed ......
Grapevine: PhysicsWallah eyes fresh funding; Zepto, HDB Financial plan IPOs
PhysicsWallah is close to finalising a $150 million (nearly Rs 1,260 crore) funding round, led by Asian hedge fund Hornbill Orchid, valuing the edtech firm at $2.8 billion, a media report said. Hornbill Orchid is expected to invest $70-80 million, while venture capital firm Lightspeed will contribute a significant portion of the remaining ......
Jhunjhunwala family-backed IKS Health may trim IPO size
IKS Health, a Mumbai-based healthtech platform majority owned by the late stock market investor Rakesh Jhunjhunwala’s Rare Enterprises, is contemplating a reduction in the size of its initial public offering (IPO), a person familiar with the matter told VCCircle. IKS Health, operated by Inventurus Knowledge Solutions Ltd, filed a draft red ......
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