Swaraj Singh Dhanjal
The group has already initiated talks to sell stakes in broadcaster Zee Entertainment Enterprises Ltd and road and solar power assets.
This marks TPG Growth’s first investment in India’s growing life sciences sector and adds to its portfolio of domestic healthcare companies.
The transaction marks Investcorp’s entry into India and is in line with its long-term strategy of expanding its footprint and client base globally.
Strides Pharma Global has approved the sale of its entire business in Australia for $282 million.
DHFL intends to further reduce its real estate project finance exposure through such transactions in the future.
The company has priced its shares in the range of Rs275-280 per share.
ADB has invested around $18.25 million in the company in this round.
Xander invests primarily in companies in infrastructure, hospitality, entertainment, retail and real estate sectors. It manages equity capital in excess of $2 billion.
The proposal to separate the two businesses and list the equipment financing business is expected to further infuse around ₹500 crore in the equipment finance business.
IDBI Federal Life Insurance Co. Ltd is a three-way joint venture between IDBI Bank, Federal Bank and Belgian insurer Ageas. IDBI holds 48% stake, while Federal Bank and Ageas own 26% each.