Temasek is likely to buy the stake from Sequoia Capital and promoters, in a deal that will value Pine Labs at $1 billion.
Providence, which manages assets worth $54 billion in PE and credit businesses, exited India last year but retained Laul to manage its existing portfolios including UFO Moviez and Idea Cellular Ltd.
Under Khandelia’s leadership, KKR has deployed more than a $1 billion in various real estate projects in India.
The parent company of Pepe Jeans India is looking for a valuation of Rs2,000 crore for the business.
True North, an active investor in NBFCs, bought a majority stake in Mumbai-based Home First Finance Co. India Pvt. Ltd for $100 million last year.
In the last couple of years, Warburg Pincus has seen several exits (part or complete) from its Indian portfolio.
If the deal materializes, this would be Kedaara’s second investment in an auto parts maker. Kedaara used to own Bill Forge and sold it to Mahindra CIE Automotive for Rs1,330 crore in a cash and stock deal in 2016.
Nene’s exit comes at a time when Multiples has started its roadshow to raise its third offshore fund with a size of $1 billion.
Besides India, the fund will look at investment opportunities in China, Australia, Japan and South Korea.
Atria plans to develop 1,000MW of power projects with an investment of Rs3,000 crore over the next five years.