Experts believe that the successful IPO and post-listing performance of E2E networks will open the opportunity for other VC-backed companies to unlock value and provide exit route to their investors
In September 2016, the buyout major had bought a controlling stake in Mphasis for Rs5,466 crore ($816 million) from Hewlett Packard Enterprise (HPE).
The fund aims to raise another Rs4,500 crore (nearly $668 million) via a green shoe option in the next 12 months, Edelweiss said.
The firm is looking to raise the capital for business expansion and debt repayment.
This is the first time Lok Capital, which invests in businesses that generate both financial returns and social or environmental good, is considering tech companies.
Major IPOs to hit the market this quarter include HDFC Asset Management Co. Ltd, Varroc Engineering, IndoStar Capital Finance, CreditAccess Grameen Ltd and TCNS Clothing Co. Ltd.
Max Life is said to be leading candidate to buy out or pick up a majority stake in IDBI Federal Life Insurance Co. Ltd.
The renewable energy producer is planning to re-file the draft red herring prospectus for its IPO.
Equitativa feels the Indian market presents the right opportunity for REITs, given that economy is doing well and the regulations around the asset class are conducive.
In 2016, the Indian private equity industry reported total exits worth $9.6 billion.