The Hinduja Group will raise its stake in IndusInd Bank from 16% to 26% in multiple tranches even as its promoter company IndusInd International Holding is working on a plan to list on Mauritius-based stock exchange...
Adani group increase its stake in Ambuja Cements to 70.3% by converting warrants
The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully...
ChrysCap buys small stake in generics company La Renon for Rs 600 cr
The homegrown PE fund ChrysCapital has invested about Rs 600 crore ($70 million) in Ahmedabad-based La Renon Healthcare, valuing it at $800 million. ChrysCap has acquired about 8% stake from the promoter family in a...
Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn
Bank of Tokyo-Mitsubishi UFJ (MUFG) is buying a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank at a $9-10 billion valuation, ahead of its proposed IPO, said people aware. The final decision...
Warburg buys majority stake in ophthalmic device company Appasamy
US private equity firm Warburg Pincus has bought a majority stake in Chennai-based Appasamy Associates, India’s largest maker of ophthalmic equipment and intraocular lenses (IOLs). Financial details of the...
ChrysCapital eyes stake in Delhi’s Centre for Sight eye hospital
Private equity (PE) fund ChrysCapital is in final discussions to acquire a significant minority stake in New Delhi’s Centre For Sight, valuing the eye hospitals chain at Rs 1,600 crore, said people aware of the...
Tokyo Gas joins race to acquire stake in Think Gas Distribution
Japan’s largest provider of city gas Tokyo Gas has joined the race to acquire a minority stake in Think Gas Distribution, Indian natural gas supplier owned by private equity fund I Squared Capital, said two people...
Rajiv Rattan buys Lone Star’s stake in NBFC for Rs 611 crore
Ending a long and bitter dispute, Rajiv Rattan, one of the founding members of Indiabulls, has acquired a 50% stake of its joint venture (JV) partner Lone Star Funds in RattanIndia Finance for Rs 611 crore (about $73...
Temasek in talks with Tata Group to offload 20% stake in Tata Play
Singapore-based investment firm Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people...
ChrysCapital still in race to buy controlling stake in Glenmark Life Sciences
Private equity (PE) firm ChrysCapital remains firmly in the race to acquire Glenmark Pharma’s stake in Glenmark Life Sciences (GLS), with reports about detergent-to-chemicals maker Nirma closing on the deal doing...
Bupa looks to raise stake in health joint venture
UK-based healthcare services and insurance provider Bupa is in talks with domestic private equity firm True North to pick a part of the PE firm’s stake in Niva Bupa Health Insurance Co, a joint venture between the...
Odisha likely to shelve plan to divest 49% stake in Genco
Odisha government is likely to shelve plans to divest 49% of its stake in thermal power producer Odisha Power Generation Corporation, said people aware of the development. The state government owns 100% equity but it...