A growing pipeline of deals is nudging India's private credit market closer to the $10 billion mark as Prime Minister Narendra Modi's infrastructure push fuels a boom in funding among mid-sized firms
Nearly 90 per cent of the capital raised for the new fund was from local family offices and high net worth individuals
Bain Capital is offering $63.15 per share in cash
The issue, with a price band of Rs 960 to Rs 1,008 per share, will be open for public subscription till July 5. The IPO comprises fresh issuance of equity shares worth Rs 800 crore
Bain-owned Tyger Capital targets 4x growth in book to Rs 15,000 cr
Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant
"We believe that an acceleration of effort by countries, corporates and investors is imperative as Southeast Asia remains woefully off-track," said Kimberly Tan, GenZero's managing director
Among the buyers were a clutch of domestic as well as foreign funds
Bain sold 33.4 million shares in the block trade, according to a term sheet reviewed by Reuters
The price range for the share sale has been set at Rs 1,071 - Rs 1,076 per share, a discount of up to 0.47 per cent to Axis Bank's last close of Rs 1,076 per share
The private equity firm, which first purchased shares in the bank in November 2017, will exit its entire holding with Tuesday's stake sale, a source familiar with the matter told Reuters
The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years
Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the US
This comes after the direct shareholding of entities affiliated with Bain Capital in the bank came down below two per cent
More than 50 entities, largely comprising foreign funds, were among the buyers, including Societe Generale, Morgan Stanley, Goldman Sachs and UBS
Societe Generale, Goldman Sachs, UBS and Morgan Stanley were among the buyers of Axis Bank shares on Wednesday as Bain sold its stake, exchange data showed
Emcure, backed by private equity firm Bain Capital, has hired investment banks JP Morgan, Jefferies and Kotak for the IPO, and is targeting a valuation of about $3 billion
The mining conglomerate is simultaneously in discussions with bondholders to modify repayment timelines on a portion of the $3.2 billion bonds
Bain Capital sells 2.82% in L&T Finance
BENGALURU (Reuters) - Investment firm Bain Capital sold more than half its stake in non-banking financial company L&T Finance Holdings in two block deals, data from BSE India exchange showed on Tuesday.