Page 2 - General Atlantic

General Atlantic Singapore sells 1.21 mn KIMS shares worth Rs 151 cr

General Atlantic Singapore on Monday offloaded 12.10 lakh shares of hospital chain Krishna Institute of Medical Sciences (KIMS) for over Rs 151 cr through an open market transaction. According to bulk deal data available with BSE, General Atlantic Singapore Kh Pte sold 12,10,000 shares, amounting to 1.5 per cent stake in the company. The shares were disposed of at an average price of Rs 1,250 apiece, taking the transaction size to Rs 151.25 crore. ICICI Prudential Life Insurance Company Ltd picked up the shares at the same price. As on June quarter, General Atlantic owned 17.24 per cent stake in the company, shareholding pattern with the exchange showed. In early September, General Atlantic Singapore had disposed of 16.60 lakh shares of the company. KIMS shares closed 0.51 per cent lower at Rs 1,218.60 on BSE. In a separate transaction, promoter entity of Advanced Enzyme Technologies Ltd offloaded shares of the company for over Rs 69 crore through an open market transaction. Ad

General Atlantic Singapore sells 1.66 mn shares of KIMS worth Rs 204 cr

General Atlantic Singapore Kh Pte Ltd on Thursday offloaded 16.60 lakh shares of hospital chain Krishna Institute of Medical Sciences Ltd (KIMS) for Rs 204 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), the shares were sold at an average price of Rs 1,230 apiece, valuing the transaction at Rs 204.18 crore. At the end of June quarter, General Atlantic Singapore Kh Pte Ltd owned 17.24 per cent stake in the company, as per data available with the bourse. Emerald Investments Ltd picked up 15,70,000 shares at the same price. KIMS shares closed 5.24 per cent higher at Rs 1,266.80 on NSE. In a separate transaction, TPG Dodla Dairy Holdings divested shares of dairy company Dodla Dairy Ltd for Rs 193 crore through open market transactions. TPG Dodla Dairy Holdings Pte Ltd sold 27,63,535 shares in four tranches on BSE and 10,40,000 shares on NSE, according to block deal data available with NSE and BSE. The share

General Atlantic plans $2 billion investment in India, Southeast Asia

General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer

General Atlantic plans $2 bn investment in India and Southeast Asia

Region's startups more attractive, says senior executive of company at World Economic Forum summit in Davos.

Edu-tech major BYJU'S raises $200 mn from its investor General Atlantic

The sources added that BYJU'S has raised over $1.3 billion and the current round values it at about $8.2 billion

Sequoia, GA exit Mu Sigma, get 2.5-3 times return on investments

Mu Sigma was among the earliest players in the data analytics segment that was founded in 2004

KFin Tech files for Rs 2,400-cr IPO, provides exit for General Atlantic

KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms

Acko raises $255 mn at unicorn valuation from General Atlantic, CPPIB

Total funds raised by the digital insurer now stand at $450 million

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

Jan to Sep VC investments down nearly 17 per cent YoY to $6.5 billion

Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million

Abu Dhabi Investment Authority invests Rs 5,512.50 cr in Reliance Retail

With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion

General Atlantic to invest Rs 3,675 cr into Reliance Retail for 0.84% stake

Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds

Top headlines: All acquitted in Babri case, Apr-Aug fiscal deficit overruns

From special court acquitting all accused in Babri demolition case to General Atlantic investing in Reliance Retail, Business Standard brings you top news of the evening

RIL gains 1% as General Atlantic to invest Rs 3,675 cr in Reliance Retail

General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion

General Atlantic to invest Rs 3,675 cr in Reliance Retail for 0.84% stake

This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year

In pics: How Mukesh Ambani's RIL became net debt-free in just 58 days

Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020

Is India's richest man Mukesh Ambani betting on US-China tech war?

US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate

Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021

Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.

Top biz headlines: Final tranche of Rs 20-trn package, lockdown 4.0 & more

Here are the top ten business headlines on Monday morning

General Atlantic picks up 1.34% stake in Jio Platforms for Rs 6,598 crore

This is the fourth such stake sale within a month and it values Jio Platforms at Rs 4.91 trillion on an equity basis and Rs 5.16 trillion on an enterprise-value basis