Search Results for:Swaraj Singh Dhanjal

India: Market volatility to affect IPO valuations of small, mid-sized firms

Of the six companies that were listed since January, three are trading below their issue price.

India lacks robust M&A market for tech firms: Sapphire Ventures’ Das

Venture capital firm Sapphire Ventures has previously invested in companies such as Paytm, Just Dial and Newgen Software Technologies. The company, which was once the corporate venture capital arm of enterprise software giant SAP, is currently investing out of its third fund with a corpus of $1 billion.

India: StanChart PE-backed Northern Arc seeks to raise pre-IPO funding

IPO-bound firms raised almost $600 million in 2017, led by the $383-million funding by a Warburg-led consortium in ICICI Lombard General Insurance.

India: Impact investor Aavishkaar-Intellecap to raise up to $75m to fund growth

The group is currently raising a $200 million India dedicated fund and has started formal talks to raise its first Africa fund, its seventh till date.

India: Warburg Pincus set to part exit IPO-bound Lemon Tree Hotels

Warburg is selling a 12% stake in Lemon Tree through the IPO. At the upper end of the price band, it will garner about $81.2 million from the share sale.

India: Aavas Financiers in talks with investment banks to go public

The proposed IPO will be a mix of primary and secondary share sale, with both Kedaara and Partners Group expected to sell part of their stakes.

Torrent Pharma may raise $231m to support bid for Sanofi’s generics business

Torrent Pharma is readying a €2 billion (Rs16,000 crore) binding bid for Sanofi’s unit Zentiva NV.

India: Sandhar Tech to launch $77m IPO on 19 March, sets price band

GTI Capital, which currently holds a 17.47% stake or 8.93 million shares, is selling 6.4 million shares in the IPO.

India: Nekkanti Sea Foods files draft papers for proposed IPO

Nekkanti Sea Foods looks to raise around Rs750 crore in the IPO.

India: Payments firm Pine Labs raises $82m from Actis Capital, Altimeter, others

The company plans to launch operations in UAE, followed by Saudi Arabia and Indonesia.