Swaraj Singh Dhanjal

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.

Blackstone sends arbitration notice to Indian firm Gateway Distriparks

Blackstone sent an arbitration notice following the logistics company’s failure to buy back the PE firm’s stake in a subsidiary company.

India: High quality IPOs, QIPs to witness strong investor appetite in 2019

With the general elections scheduled for early next year and volatility still seen in markets, 2019 is expected to be a challenging year.

Edelweiss hits the road to raise up to $643m more for infrastructure fund

Edelweiss marked the first close of the fund in May, raising around ₹2,000 crore and has set itself a target of raising ₹6,500 crore for the infrastructure fund.

India: RPG Ventures-backed Seniority looks to raise $8m to scale up business

RPG Ventures is planning to tap the private markets to raise funds for senior citizen-care product startup Seniority Pvt. Ltd, which it had incubated in 2016, a senior executive said in an interview. Seniority sells products that make everyday life easier for senior citizens, with mobility aids, wellness products and… Read more »

India: HPCL backs artificial intelligence startup Tranzmeo

Tranzmeo is the first AI startup in Kerala to receive funds from a state-run Fortune 500 company.

Global healthcare PE deals set for a record 2018 riding on buyouts

Deal activity looks set to increase as the industry holds $56 billion in dry powder, pushing total AUM to $199 billion.

India’s largest helmet maker Studds looks to raise $14m ahead of IPO

The company has been engaged in talks with a few private equity funds and specialist pre-IPO investors to raise up to Rs 100 crore ahead of its IPO.

India: Eight Roads-backed Northern Arc secures $28.5m debt from Dutch bank FMO

The deal marks the first issuance of green bonds in India’s impact investing space, said Northern Arc.

Cube Highways emerges top bidder in Indian highways authority’s auction

Cube Highways was set up by I Squared Capital along with World Bank arm International Finance Corp.