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Piramal Pharma completes 20% stake sale to Carlyle
The transaction values the Pharma Business at an enterprise value of USD 2,775 million (over Rs 20,300 crore) with an upside component of up to USD 360 million (over Rs 2,630 crore) depending on the company's FY21 performance, it added.
Max India to buy back shares of up to Rs 92 cr under capital reduction prog
The company said it 'intends to utilize up to Rs 92 crore from th...
Indiabulls Housing likely to achieve 10% AUM growth guidance for H2
The process of institutionalisation of the board has been ongoing for the...
VA Tech Wabag raises Rs 120 crore from Jhunjhunwala and two others
All transactions happened at Rs 160 per share, at a discount of 42 per cent from the current market price. The stock added 5.21 per cent on Tuesday at Rs 227.30.
Equitas SFB IPO has good ratings, but grey market premium is tepid
Abhay Doshi, an independent dealer in unlisted shares, said the stock was commanding a 2-3 per cent premium over the IPO price in the unlisted market.
Mid-market PE deals in H1 2020 touch a three-year low, hit by Covid-19 pandemic: DC Advisory report
The first half of 2019 recorded mid-market PE deals, which have been defined as transactions ranging between $15-$500 million, numbering 106, with a cumulative value of $8.1 billion.
Carlyle picks up 20% stake in Piramal pharma biz for $490 mn
The 20% stake sale values Piramal’s pharma business at Rs 20,000 crore.
Tweet Buster: Why virus hit old firms harder, and how to tackle the Dragon
Dalal Street mavens say boycotting Chinese products is a hard feat to achieve.
Start-ups to soon start getting capital from Uttar Pradesh Startup Fund
A corpus of Rs 150 crore has also been set up by the government with the help of Abdul Kalam Technical University (AKTU) to fund start-ups at the stage of ideation, patent registration, and participation in domestic and international events, among others.
Investment by PE/VCs halves to USD 4.1 bn in July: Report
In June, the investments stood at USD 6.8 billion, consultancy firm EY said in the report.
Ginger Hotels in talks to sell four hotels in sale and lease back arrangements
Ginger’s 20 in-the-pipeline hotels with around 2000 rooms will come up in markets like Kolkata, Mumbai, Chennai, Goa, Udaipur, Amritsar, Nagpur and Patna. The company is also looking at hotels in locations such as Agra, Chandigarh, and Aurangabad.
FY21 an aberration, FPIs will lap up stocks, bonds: ICICI Sec’s Saraf
Globally, debt market yields are falling, driving investors to equity markets that hold potential for higher investment returns. Interest rates are at historically low levels with bank fixed deposits yielding just about 4% post-tax. The proportion of equity investment is increasing in search of higher returns.
India Inc's fund raising set to hit new record in FY21
Local companies, including banks, could raise between $95-100 billion via primary bond sales this financial year, which could be marginally higher than a year before, estimates ICICI Bank.
Lakshmi Vilas Bank gets non-binding offer from Clix Group
The capital-starved bank announced that it has received an indicative non-binding offer from Clix Group, raising promises of its early revival.
View: It's time for India to nurture and scale up more unicorns
A great deal of growth capital is required to scale up unicorns. While early-stage companies may require tens of crores in equity financing, unicorns first require hundreds of crores, and then, thousands of crores to build global-scale businesses.