Bankers knock on SEBI’s doors for clarity on enhanced disclosures

Investment bankers have held closed door meetings withcapital markets regulator SEBI to clear the air on the recent advisory sent by the regulator, said two people in the know.  The bankers have told SEBI about the issues that private equity players would face if special rights under articles of association or shareholders’ agreement are cancelled … Read more

Mankind Pharma in talks with PE for consortium bid of Bharat Serums: Report

Mankind Pharma is in talks with many private equity (PE) companies to form a joint bid to acquire Bharat Serums and Vaccines (BSV) in a consortium, the Hindu BusinessLine reported, citing sources. Also Read | HCC gained 31% in June so far, up 162% in last one year; is it a good time to buy … Read more

Warburg Pincus front-runner for controlling stake in Ebco

Mumbai: Global private equity firm Warburg Pincus is the front-runner to acquire a controlling stake in furniture hardware maker Ebco, two people aware of the matter said. Promoters are planning to sell up to 74% stake in the Mumbai-based company for ₹3,500 crore. Geoffrey Nagpal and family, who own the company, may retain a minority … Read more

Large-caps & Reits: India’s largest investment adviser’s shifts

Soumya Rajan, the founder and chief executive officer (CEO) of Waterfield Advisors, has a very balanced portfolio. She has allocations in equity, debt, real estate investment trusts (Reits), infrastructure investment trusts (InvITs) and funds of funds (FoFs) investing in venture capital and private equity. Over the past year, Rajan has moved from small-caps to large-caps, … Read more

India’s strong growth leading to trend of ‘reverse flipping’ for startups | Start Ups

He was speaking at an event in Singapore organised by the commerce ministry to showcase various investment opportunities in India. 2 min read Last Updated : Jun 07 2024 | 11:35 PM IST India’s strong growth is leading to a trend of ‘reverse flipping’ as domestic startups that once used to move abroad for … Read more

Deal activity dips 3 pc to USD 5 bn in May, CFO News, ETCFO

The overall deal activity declined by 3 per cent to USD 5.023 billion in May compared to USD 5.192 billion in the preceding month of April, a report said on Thursday. The merger and acquisitions plummeted 58 per cent to USD 1.05 billion during the month compared to USD 2.526 billion in April, while a … Read more

Big team of PE and M&A lawyers set to leave Shardul Amarchand Mangaldas for JSA

Law firm JSA Advocates & Solicitors is set to expand its corporate and private equity (PE), and mergers and acquisitions (M&A) practice by hiring a team of 18 to 20 PE and M&A lawyers from Shardul Amarchand Mangaldas, another top-tier law firm. Leading the big move are Shardul partners Iqbal Khan and Ambarish. Khan, who … Read more

Middle East’s Hades Financial eyes deeptech, SaaS investments in India

Bengaluru: Riyadh-based investment management firm and limited partner Hades Financial Private Capital Group, which announced $28 million investments in two Indian investment firms on Monday, plans to invest $500 million in the country by 2027, a top official said. The move indicates Hades Financial’s increasing focus on India as an emerging market, expecting a rise … Read more

Alexis Ohanian’s VC firm raises new $225M fund

New York CNN Business  —  Reddit cofounder Alexis Ohanian’s venture capital firm has raised an additional $225 million to invest in early-stage startups. It is the fourth and largest fund raised by Initialized Capital, the San Francisco-based venture capital firm founded by Ohanian and Garry Tan. The new fund, announced on Tuesday, comes as Ohanian … Read more

EQT beats Asia mid-market growth fund target

Private equity frim EQT has closed its BPEA EQT Mid-Market Growth Partnership fund at $1.6 billion in total fund commitments, more than double the fund’s original target size of $750 million. The Asia-focused mid-market buyout fund, which had an initial target size of $750 million, closes with $1.6 billion in total fund commitments, of which … Read more