Asia Opportunities V (Mauritius) on Thursday offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore in an open market transaction, while the Government of Singapore purchased 16 lakh shares in PNB...
KKR to offload 17% stake in InvIT Indigrid
Esoteric, private equity firm KKR’s affiliate, will sell a 17.3% stake in energy InvIT – India Grid Trust (IndiGrid) for $213.6 million, company said on Wednesday. IndiGrid is India’s first listed power...
General Atlantic exits India’s PNB Housing in $127 mln deal
U.S. private equity firm General Atlantic on Wednesday sold its entire stake worth 10.69 billion rupees ($127.40 million) in India’s PNB Housing Finance, stock exchange data showed. Shares of the mortgage lender...
P I Industries completes acquisition of UK based Plant Health Care Plc
Though its wholly owned subsidiary – PI Industries Management Consultancies L.L.C. P I Industries announced that the acquisition of Plant Health Care Plc, a UK-incorporated company traded on AIM, a market operated...
Operation buyout: KKR, TPG, and other PE firms eye purchase of India’s largest cardiac stent maker SMT
KKR, TPG Capital and Apax Partners are among private equity firms that are evaluating a purchase of India’s largest cardiac stent maker Sahajanand Medical Technologies (SMT), valuing the company at about ₹ 3,500...
Morgan Stanley in talks to exit investment in Manna Foods
Morgan Stanley’s private equity arm has been looking to sell all or part of its stake in Manna Foods as the business has struggled to grow sustainably and increase profits in recent years, three people familiar...
Antfin Singapore plans to sell 1.54% stake in Zomato worth ₹3,420 crore
Antfin Singapore Holdings is looking to sell a 1.54% stake in Zomato in a block deal valued at $408 million, deal terms reviewed by Mint show. The shares will be sold at a floor price of ₹251.68 per share, the terms...
Reliance, Disney to offer concessions to win antitrust nod for merger
Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources...
JSW Steel to buy 66.67% in Australian coking coal miner for $170 million
JSW Steel will acquire the controlling stake in an Australian miner for $170 million as India’s largest steelmaker seeks to secure the supply of coking coal—a key raw material that is scarce in India—to meet its...
India’s Bharti to buy 24.5% stake in BT from Altice
India’s Bharti Enterprises said it would acquire a 24.5% stake in BT, worth 3.2 billion pounds ($4 billion), to buy out the British company’s top investor Patrick Drahi as his Altice group speeds up asset...
HCLTech’s arm to acquire French software firm Zeenea for 24 million euros
HCLSoftware, the software business division of HCLTech, has agreed to wholly acquire Zeenea, a French data catalog and governance solutions company, for 24 million euros (about Rs 220 crore). The acquisition will be...
Morgan Stanley, Wells Fargo, HDFC among Nexus Select units buyers
Foreign and domestic institutional investors including Morgan Stanley Asia Singapore, Luxembourg-based Carmignac Gestion, US-based Wells Fargo Emerging Markets Equity Fund, HDFC Flexicap Fund, and ICICI Prudential...
