SOVEREIGN WEALTH FUND
20 IPOs for 2020! SBI Cards, Equitas SFB, EasyTrip & which others to wait for
Analysts said at least 40-50 new offerings are likely to hit the market in coming year, as global liquidity helps support valuations of domestic stocks.
Pension, sovereign funds bring in more ‘sticky’ money
FPIs’ total AUM at $428b accounts for nearly one-fifth of the total m-cap of Indian equ...
GIC entends Rs 750 crore interim loan to IRB Infra
GIC and IRB are likely to close the Rs 4,400 crore deal in the next two months.
View: Saudi Aramco's true value is still a mystery
A more open Aramco can only be a good thing, but much will depend on whether it embraces transparency (despite the Kingdom of Saudi Arabia owning almost all of the stock). The IPO process invited a global discussion about Aramco’s true value.
Canada's CPPIB to invest $600 million in NIIF Master Fund
NIIF is India’s first sovereign wealth fund that was set up by the Government of India in February 2015.
SoftBank's second Vision Fund is starting life with a mere $2 billion
So far, it is unclear whether there are any outside investors in the second fund. The original Vision Fund was announced in October 2016, but took another seven months for its first major closing with $93 billion in commitments.
CDPQ to buy IDFC PE’s road assets for Rs 2,400 crore
The asking price for the portfolio, consisting of seven road assets covering 472 km & having consolidated revenues of Rs 620 crore a year, was Rs 3,000 crore which was negotiated by the Canadian pension fund Caisse de dépôt et placement du Québec.
Saudi Arabia has a new energy minister: What it means for oil
Prince Abdulaziz served as deputy petroleum minister for a dozen years and most recently as minister of state for energy since 2017.
Government of Singapore Investment Corp to infuse Rs 4,400 crore in IRB road assets
Values property at Rs 22,500 crore; IRB to transfer nine BOT assets into InvIT.
Essel said in talks to sell toll roads to National Investment & Infrastructure Fund
The assets that NIIF is planning to buy are four toll roads that are in operations and two in construction.
AustralianSuper, Ontario Teachers’ to invest $2 bn in NIIF
The agreements include commitments of $250 million each in the Master Fund and co-investment rights of up to $750 million each in future opportunities alongside the Fund.
YES Bank edges lower on Icra's rating downgrade
The bank is looking to shore up its capital base due to a spike in bad loans.
BookMyShow stake sale at $1 billion valuation
The transaction involves a complete exit by SAIF Partners, which holds 5.6% stake, and a partial exit by Accel India, said sources, adding that employees are likely to get liquidity with this deal.
View: Where India can find a cool $1 trillion
From consumption and private investment to exports, no cylinders are firing.
Global invites for Jio InvITs: Pension funds, sovereign wealth funds line up
Investors from Canada, Middle East & Europe eyeing stakes in fibre, tower trusts; assets valued at $30 bn.
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