Novartis’s spinoff of its eyecare division Alcon, set for Tuesday April 9, marks the largest Swiss stock deal in a decade and forces a reshuffle of the benchmark Swiss Market Index (SMI) as private bank Julius Baer gets...
ICICI Bank moves Supreme Court seeking ₹250 cr from Malvinder Singh
Claiming ₹250 crore in dues from the erstwhile promoter of Ranbaxy Laboratories Ltd and Religare Enterprises Ltd, Malvinder Singh, ICICI Bank Ltd has filed an application with the Supreme Court, asking to be made a...
Metropolis Healthcare raises ₹530 crore from anchor investors
Metropolis Healthcare Tuesday raised ₹530 crore by selling shares to anchor investors ahead of its initial share sale. The company allotted 60,23,293 equity shares to 26 anchor investors at ₹880 per unit, as per a...
Everstone to sell entire stake in Rubicon Research for ₹1,000 crore
Private equity player Everstone will sell its 70% stake in Rubicon Research for around ₹1,000 crore, which will fetch more than four times return on the initial investment. In 2016, Everstone Group acquired 70%...
PE General Atlantic looks to exit Citius Tech
Five years after buying a significant minority stake in healthcare technology company Citius Tech, private equity firm General Atlantic is looking to cash out. The US-based growth equity fund has appointed JP Morgan to...
Metropolis Healthcare open to acquisitions; IPO to hit Street on Wednesday
Diagnostic firm Metropolis Healthcare, which is launching its Rs 1,200 crore initial public offering (IPO) next week, is open to making further acquisitions in this space. The company has used the inorganic route to...
Magellan Health nears board deal with hedge fund Starboard Value – sources
U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge...
Metropolis IPO opens 3 April, Carlyle Group to sell half of its stake
American private equity (PE) firm The Carlyle Group will sell some of its stake in diagnostics chain Metropolis Healthcare Ltd in the latter’s initial public offering (IPO) that opens on 3 April. The Metropolis...
Fortis facilitating PE stake sales in SRL Diagnostics
Fortis Healthcare Ltd is facilitating the sale of stakes owned by private equity investors in its SRL Diagnostics unit, two people aware of the matter said. Fortis, which owns 57% in SRL Diagnostics, is in the process...
Smiths plans to list medical unit, focus on industrial technology
Smiths Group Plc plans to list its healthcare business, which makes respiratory devices and catheters, as it focuses on industrial technology services. The healthcare business has suffered from product delays, stricter...
French healthcare group Stallergenes to be bought out by Bertarelli vehicle
French healthcare group Stallergenes has agreed to a 730 million euro ($834 million) takeover by the Waypoint/Ares Life Sciences vehicle of Swiss billionaire Ernesto Bertarelli, and subsequent de-listing, the companies...
Religare Enterprises rebranding Finvest after Singh brothers exit
Stung by the controversies surrounding its founders, Singh brothers Malvinder and Shivinder, Religare Enterprises Ltd is looking to spruce up its financial services arm under a new brand and with an investment of ₹600...
