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Grapevine: True North plans an exit; Edelweiss Alts, CarDekho, Afcons in IPO news

General

03 October, 2024

Grapevine: True North plans an exit; Edelweiss Alts, CarDekho, Afcons in IPO news

Private equity firm True North is considering a complete exit from Shree Digvijay Cement Company, where it holds a 54.83% ......

Edelweiss PE fund leads $25.3-mn funding in Rentomojo

TMT

21 February, 2024

Edelweiss PE fund leads $25.3-mn funding in Rentomojo

Bengaluru-based furniture rental startup Rentomojo has raised Rs 210 crore ($25.3 million) led by Edelweiss Financial Services’ private equity fund ......

Edelweiss' alternative asset arm raises $425 mn in third special situations fund

Finance

04 October, 2022

Edelweiss' alternative asset arm raises $425 mn in third special situations fund

Financial services firm Edelweiss Financial Services Ltd’s alternative asset arm Edelweiss Alternative Asset Advisors (EAAA) has announced fundraising of around ......

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Kedaara's final IPO exit from Manyavar parent would fetch 5X returns

Finance

02 February, 2022

Kedaara's final IPO exit from Manyavar parent would fetch 5X returns

Kedaara Capital, which solely backs ethnic wear brand Manyavar’s parent Vedant Fashion, will fetch annual returns of over 45% on ......

Edelweiss Group hikes stake in wealth management business to little over 44%

Finance

13 December, 2021

Edelweiss Group hikes stake in wealth management business to little over 44%

Diversified financial services firm Edelweiss Group has raised its stake in its wealth management business--Edelweiss Wealth Management (EWM)--to 44.16% as ......

TPG-backed unicorn Five Star to raise ₹ 2,752 cr via IPO

Finance

11 November, 2021

TPG-backed unicorn Five Star to raise ₹ 2,752 cr via IPO

Non-banking financial company, Five Star Business Finance  has filed a draft red herring prospectus (DRHP) with the Securities Exchange Board ......

Kedaara Capital to exit as Manyavar files for IPO

Consumer

10 September, 2021

Kedaara Capital to exit as Manyavar files for IPO

Ethnic wear brand Manyavar, owned by Vedant Fashions Ltd, has filed a draft red herring prospectus (DRHP) with the Securities ......

PAG-controlled Edelweiss Wealth gets new managing director and CEO

Finance

08 September, 2021

PAG-controlled Edelweiss Wealth gets new managing director and CEO

Diversified financial services firm Edelweiss Group has announced promotion of Ashish Kehair as the new managing director (MD) and Chief ......

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Piramal Capital ropes in former realty exec of Edelweiss Financial Services

Finance

12 April, 2021

Piramal Capital ropes in former realty exec of Edelweiss Financial Services

A senior executive from the real estate team of Edelweiss Financial Services has joined Piramal Capital and Housing Finance, two ......

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CDPQ says it takes allegations against Edelweiss seriously

Finance

22 March, 2021

CDPQ says it takes allegations against Edelweiss seriously

Canadian pension fund CDPQ said it is taking "seriously" allegations against Edelweiss Group, in which it is an investor.  Last week, ......