Malvika Joshi

KKR to raise $1.5-2b for maiden Asia-focused infrastructure fund

The discussions for launching the Asia infrastructure fund are on and the firm will reach out to investors.

Everstone Capital to overhaul private equity business in restructuring exercise

Everstone Capital has hired UK-based Kiddy and Partners to assist with restructuring of private equity business

Karan Thapar-led EICL in talks to sell starch-making business to Riddhi Siddhi

The sale of starch production business will help EICL reduce debt to some extent.

Post acquisition, Investcorp looks to sell IDFC PE’s smaller investments

Investcorp has clubbed the smaller investments of IDFC PE and is on a lookout for a potential buyer for the portfolio

Sidbi to rate venture capital funds before investing in them through its FoF

Sidbi has backed eight social impact funds, committing around ₹365 crore from its fund of funds. Aavishkaar Bharat Fund, Omnivore Partners India Fund II, Samridhi Fund and Menterra Social Impact Fund are some of the funds which have received funding from Sidbi.

ArcelorMittal faces hurdle as StanChart files caveat in Essar Steel case

Standard Chartered Bank has approached the dedicated bankruptcy court by filing caveat petition in the Essar Steel insolvency case as dissenting financial creditor, so that it can be heard before the tribunal decides on the bid of ArcelorMittal.

India: Manipal-TPG group in talks to buy Medanta stake after failed Fortis bid

TPG-Manipal is the only party that is actively pursuing Medanta after Malaysia’s IHH Healthcare Bhd withdrew its non-binding bid following its acquisition of Fortis Healthcare.

ArcelorMittal sweetens bid for Essar Steel with more equity

The move raises ArcelorMittal’s total bid for Essar Steel to ₹50,000 crore ($6.8 billion).

KKR Capstone appoints Myntra’s Ananya Tripathi as director

Tripathi’s appointment comes at a time when the PE firm is increasingly looking at buyout opportunities in India.

KKR mulls buying out road assets of Indian shadow lender IL&FS

For its India infrastructure business, KKR has hired Hardik Shah from investment management firm Brookfield Asset Management, where he was responsible for sourcing and executing infrastructure deals.