TPG

The transaction highlights investor interest in artificial intelligence-based digital businesses that automate processes and reduce employee time spent on procedural tasks

TCS has entered a strategic alliance with TPG, which will invest $1 billion in HyperVault as both firms commit up to Rs 18,000 crore over the coming years to build GW-scale AI data centres

Private equity firm TPG on Tuesday divested a 3.9 per cent stake in Tata Technologies for Rs 1,068 crore through an open market transaction. According to the bulk deal data available, TPG through its arm TPG Rise Climate SF offloaded more than 1.58 crore shares of Tata Technologies, which provides engineering and product development digital services. The shares were disposed of at an average price of Rs 673.26 apiece on the National Stock Exchange (NSE), taking the aggregate deal value to Rs 1,068.05 crore. After the latest transaction, TPG's arm holding in Tata Technologies declined to 2.1 per cent from 6 per cent. Details of the buyers of Tata Technologies' shares could not be ascertained on the National Stock Exchange (NSE). On Tuesday, shares of Tata Technologies declined 6.11 per cent to close at Rs 662.50 apiece on the NSE. In a separate block deal on the NSE, seven entities, including Citigroup Global Markets, BofA Securities Europe, and Tata Mutual Fund, bought 87.21 lakh

The move comes as India, the world's third-largest energy consumer, pushes towards its goal of 500 gigawatts (Gw) of non-fossil fuel capacity by 2030

The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn

JSW Energy had earlier announced that it would be shifting its hydro energy projects into subsidiaries under JSW Neo Energy

Shriram Finance last year became India's largest non-bank lender after merger of units

Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million

Green hydrogen company Ohmium International on Wednesday announced a USD 250 million fund raise, which will be deployed to ramp up its electrolyser manufacturing activities in India, among other purposes. The US-headquartered company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems already has a sizeable presence in India, with its country headquarters in Bengaluru, and manufactures here. It has raised the money in a round led by TPG Rise Climate, and also saw participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group, a company statement said. "The company has substantial part of its capacity in India. A large part of the money raised will be used for scaling up the capacity in India, a banker involved in the deal said. It looks at India as a manufacturing hub with a potential to deliver products at lower costs, the banker said, adding that the investm

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

The private equity firm is working with an adviser on the deal, said the people.. A stake sale could value Fourth Partner at around $600 million, the people said.

At $9.1 billion valuation, BII will have a stake of 2.75-4.76% in the new EV company

This is for an aggregate consideration of Rs 3,750 crore as the first tranche of the potential investment aggregating Rs 7,500 crore, announced by the company in October 2021

TPG Rise Climate along with co-investors would secure between 11-15 per cent stake in the new subsidiary

Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd.

PE player Apax is exiting partially via this fund raise. It had invested $200 million in Fractal in 2019

Moody's Investors Service on Wednesday said that Tata Motors' pact with private equity firm TPG is 'credit positive', as it will help the automaker to scale up its electric vehicle business. Last month, Tata Motors announced that it will raise USD 1 billion in its passenger electric vehicle (EV) business from TPG Rise Climate. "We estimate that TPG Capital's USD 1 billion capital injection into Tata Motors's (TML, B1 stable) electric vehicle subsidiary, EVCo, will fund half its EV spending in India (Baa3 stable) through March 2026," Moody's Investors Service said in a statement. Tata Motors intends to use the funds, which it will receive in exchange for compulsorily convertible preference shares issued to TPG, to create a portfolio of EVs and dedicated battery electric vehicle (BEV) platforms. EVCo will also invest in battery technologies and charging infrastructure in association with Tata Power Ltd. Moody's Investors Service noted that the automaker has an early mover advantage

Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra

The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal