Malvika Joshi

India: Essel may sell part of financial services business to reduce debt

The group has already initiated talks to sell stakes in broadcaster Zee Entertainment Enterprises Ltd and road and solar power assets.

India: Apax Funds invests $200m in Fractal Analytics

The investment also marks the exit for Malaysian sovereign wealth fund Khazanah Nasional Berhad and TA Associates.

Google Launchpad’s India accelerator to continue focus on AI startups

Agriculture and healthcare technology are two strong emerging themes in India which Google Launchpad is likely to back in the future.

India may see secondary exits pick up pace in 2019

Availability of ample dry powder and the absence of a window for launching IPOs will lead more PEs to seek exit through secondary transactions in 2019.

US-based Global Infrastructure Partners plans India-focused fund

GIP will be investing in buyout opportunities, besides assisting global infrastructure developers and operators willing to set up shop in India to de-risk their equity exposure.

India: Multiples PE acquires 37% stake in Gunit Chadha’s APAC Financial

After the fund-raise, APAC’s total capital is at ₹400 crore with Chadha holding a majority stake.

PE firm Carlyle may exit India’s Metropolis Healthcare before IPO

The diagnostics chain is in talks with investors to raise money to buy back the stake. Separately, Carlye is also reaching out to outside investors including PE firms to sell its stake.

India: Oriental Bank of Commerce starts process to sell stake in life insurance JV

The bank is expected to raise around Rs 1,400 crore-Rs 1,500 crore through the deal.

Investment bankers reach out to potential buyers for IL&FS assets

Bankers are said to have approached Macquarie and Brookfield for the sale of IL&FS’ road assets.

Rabo Equity looks to raise up to $400m for third fund

The homegrown fund will also be exploring investment opportunities in distressed food and agriculture businesses.