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Grapevine: IFC may exit Apollo's clinic chain; MUFG renews bid for Yes Bank

General

04 October, 2024

Grapevine: IFC may exit Apollo's clinic chain; MUFG renews bid for Yes Bank

Apollo Hospitals Enterprise Ltd plans to sell a significant stake in its subsidiary, Apollo Health & Lifestyle Ltd (AHLL), to ......

Blackstone seeks to raise at least $10 bn in new Asia PE fund, focusing on India

Finance

03 October, 2024

Blackstone seeks to raise at least $10 bn in new Asia PE fund, focusing on India

Blackstone Inc, the world's largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at ......

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Grapevine: Nexus Select in talks to acquire mall; Anand Rathi, PhysicsWallah eye IPOs

General

23 September, 2024

Grapevine: Nexus Select in talks to acquire mall; Anand Rathi, PhysicsWallah eye IPOs

Nexus Select Trust, backed by Blackstone, is in discussions to acquire Axis Mall in Kolkata, a media report said.   However, ......

SoftBank-backed Oyo to buy US motel chain from Blackstone for $525 mn

Consumer

21 September, 2024

SoftBank-backed Oyo to buy US motel chain from Blackstone for $525 mn

Oravel Stays Ltd, the parent of Indian travel-tech startup Oyo, has agreed to acquire G6 Hospitality, the operator of the ......

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Deals Digest: Momentum recovers from 6-week low, aided by Blackstone-Ventive deal

General

13 September, 2024

Deals Digest: Momentum recovers from 6-week low, aided by Blackstone-Ventive deal

Funding raised by private equity and venture capital-backed companies picked up after hitting the lowest mark in six week during the ......

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Blackstone weighs VFS stake sale; foreign bank seen scouting for buyers

Finance

13 September, 2024

Blackstone weighs VFS stake sale; foreign bank seen scouting for buyers

Blackstone, the world’s biggest private equity firm, is looking to monetise its three-year-old bet on global visa processing company VFS ......

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Grapevine: Torrent may buy into CVC-backed Gujarat Titan; Alkem gets PE suitors

General

13 September, 2024

Grapevine: Torrent may buy into CVC-backed Gujarat Titan; Alkem gets PE suitors

Ahmedabad-based Torrent Group has reached an informal agreement with CVC Capital Partners to acquire a majority stake in Indian Premier League (IPL) franchise Gujarat ......

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Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop

General

12 September, 2024

Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop

The process for stake sale in Haldiram Snacks Food Pvt Ltd has stalled again due to disagreements over pricing and ......

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Blackstone seals multiple deals to create India's No.3 hotel chain, injects over $170 mn

Consumer

11 September, 2024

Blackstone seals multiple deals to create India's No.3 hotel chain, injects over $170 mn

Private equity firm Blackstone has struck almost a dozen deals over the past month through its India joint venture with ......

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Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

General

10 September, 2024

Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report ......