Swaraj Singh Dhanjal

Edelweiss raises $1.3b to acquire stressed assets in India

India’s banks led by State Bank of India is seeking to off load stressed assets as they seek to clean up loan books and revive lending.

India: Adani Transmission plans to raise up to $422m via QIP

The company is looking to complete the fundraising by the end of this quarter.

India: IPO drought to end as Polycab, Chalet Hotels, others gear up for share sales

Harsha Engineers Ltd, Dodla Dairy Ltd and Indiamart Intermesh Ltd are also looking to launch IPOs.

India: NBFC Samunnati in talks with PE firms to raise up to $70m

The NBFC, which is in talks with General Atlantic and Warburg, plans to dilute a significant minority stake.

India: Capital SFB eyes $21m PE funding to expand operations

The talks are at a preliminary stage right now. Investment bank Edelweiss is advising the bank on the fundraise.

Private capital fundraising in India slowed to $757b in 2018: Report

But, infrastructure-focused funds hit an all time high in 2018, raising $85 billion, as against the $75 billion in 2017.

PTC India begins process to find investor for wind energy business

PTC India’s subsidiary, PTC Energy Ltd, has around 290 megawatts (MW) of wind assets across Madhya Pradesh, Karnataka and Andhra Pradesh.

Indian companies log record $129b in M&A deals in 2018

The year witnessed five deals above $5 billion (with a combined value of $39.8 billion) compared to only one in 2017 when the $11.6 billion Idea-Vodafone merger was announced.

Morgan Stanley Infra looks to divest stake in Continuum Wind Energy

Morgan Stanley Infrastructure Partners, which manages over $4 billion globally, had invested $212 million in Continuum in 2012.

Shapoorji Pallonji hires ICICI Securities for IPO of solar business

The IPO is likely to fetch around $400-500 million although the final number will depend on the eventual stake dilution and the valuation of the company.