Malvika Joshi

Macquarie, Italy’s Atlantia, Brookfield look to bid for India’s toll road assets

The three companies are in the process of conducting due diligence on the assets, which have been put up for auction by the National Highways Authority of India

India: GMR Infra to pay $482m to PE investors in airports row settlement

GMR Group is also in talks AION Capital to raise around $500 million to buy out existing PE investors before its planned IPO

India: IIFL AMC plans to raise $500m for maiden structured credit fund

The company has also hired two officials, including one from private equity firm KKR and Co. Inc., to lead the structured debt business

Kotak PE plans to exit wellness firm Indus Biotech via IPO

The PE firm had invested close to $4.18 million in the firm for a substantial minority stake in 2007.

Samara Capital, Amazon buy supermarket chain More from Aditya Birla

The transaction is said to be valued at $580 million. It follows Amazon’s plans to build its food retail business in India for which it has made a separate allocation of $500 million.

Baring PE Asia in talks to acquire 26% stake in Lakshmi Vilas Bank

Lakshmi Vilas Bank is keen to sell as much as 51% if permitted by the Reserve Bank of India (RBI) but bad loans may cloud a potential deal as Baring wants to value the lender at about $400 million, a far cry from the bank’s expectation of $1 billion.

J.C. Flowers may buy out Ambit Holdings from asset reconstruction JV

J.C. Flowers and Ambit hold 47.5% each in the ARC while entrepreneur Jerry Rao holds 5%.

India: Arohan Financial plans to raise $48.6m, launch IPO in 12-15 months

The micro financier is also looking to launch its IPO in the next 12-15 months to help some of its investors sell their stakes.

TPG Growth appoints senior adviser Shailesh Rao as India head

Rao had been brought in for managing the technology portfolio of the PE firm in India, Asia and the US.

India: LT Foods raises $19.7m from Rabo Equity for its organic food unit

LT Foods Ltd has raised Rs 140 crore from existing investor Rabo Equity Advisors for its wholly-owned subsidiary Nature Bio Foods Ltd (NBFL) in lieu of an equity stake.