PE firm may infuse $150-200 million for up to 20% stake in bank before merger
Deals for stalled projects, last-mile financing being sought
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Urge govt not to slap the rule on PE funds that have already raised money
Private equity firm Capital Square Partners (CSP) has gone under water on the deal
JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan
Schwarzman spoke to Pavan Lall, and fielded questions on concerns about the coronavirus, the next few quarters for the world economy, and doing business in India
Surge defies economic slowdown and a pricing and insurance issues, as healthcare is seen as a necessity from consumer's perspective
The funds have invested about $2 billion this year in the country's non-bank financing sector, which is worth some $40 billion.
According to Venture Intelligence data, this year's total come from 33 deals; there were 37 in 2018
The shares were offloaded at an average price of Rs 938.83, valuing the transaction at Rs 2,816.5 crore, the data showed
Sanaka will initially invest Rs 308 crore, and a further Rs 217 crore on a later date if talks are successful
The transaction is Advent's eighth investment in India in the past four years and its fourth in the consumer goods sector during the same period
Traditionally, they invested only in firms with cash flow but these have not generated great returns; with tech disruption, trend set to continue
Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier
Earlier, control deals for KKR included the 60 per cent buyout of Ramky Enviro Engineers for $530 million
Not a single scheme launched so far this year
2018 was also the year when the great Indian sale of stressed assets brought new opportunities for PE players to battle it out with strategic investors to grab more than a dozen odd large companies