Deborshi Chaki

India: Zee Entertainment may sell 20% stake to Sony for $1.86b

The sticking point could be the quantum of stake the promoter wants to retain in Zee. Essel Group holds a 41.62% stake in Zee, of which more than half is pledged with lenders.

India: L&T prepares for hostile takeover of Mindtree

Larsen and Toubro (L&T), which has been in talks to buy Cafe Coffee Day founder VG Siddhartha’s stake in Mindtree Ltd, is set to sign a binding agreement to close the deal.

Top PE firms pushing consolidation in India’s auto-parts industry

While Blackstone Group is actively looking for assets under its Comstar platform, its peers Warburg Pincus is exploring similar deals.

Flipkart co-founder Sachin Bansal invests in NBFCs Altico, IndoStar Cap

The investment was made through BAC Acquisitions, the holding company Bansal started with investment banker Ankit Agarwal, and follows his investment in ride-hailing firm Ola.

India has produced best PE returns in last few years for Blackstone, says COO Gray

India will remain among the top five markets globally for the world’s largest PE and alternative assets manager, said its president and COO Jonathan Gray.

General Atlantic may sell stake in Indian analytics firm Mu Sigma to Carlyle, KKR

The stake is expected to be valued at at least $200 million, given that Mu Sigma entered the coveted unicorn club when Mastercard invested $45 million in February 2013.

TPG Capital, Manipal in exclusive talks to acquire Medanta

TPG Capital and Manipal Group are currently said to be conducting due diligence on hospital operator Medanta.

KKR to infuse $14m in India ARC business by March quarter

KKR has been one of the early funds to start developing private high-yield and structured credit investing in India.

Real estate PE Xander in talks to set up logistics platform in India

Xander invests primarily in companies in infrastructure, hospitality, entertainment, retail and real estate sectors. It manages equity capital in excess of $2 billion.

Australia’s IAG weighs SBI General Insurance stake sale

IAG, which holds 26% in the general insurer, has started preliminary talks to hire an investment bank to manage the sale process.