By Ishita Russell
The investment is Allianz’s first private debt commitment in the stressed assets space in India.
The government, which holds a 9.56 percent stake in the private sector lender, will sell up to 50.8 million shares, or a 1.98 percent holding.
SBI Capital Markets and Stock Holding Corporation of India were reportedly also in the fray to acquire the stockbroking arm of IDFC.
Mirae Asset-Naver Asia Growth’s investment will be part of Bengaluru-based Ola’s Series J funding round, pegged at $1 billion.
In November, Amazon, through its investment arm, had reportedly signed a term sheet to buy 9.5 per cent stake in Future Retail.
HDFC Capital is said to have agreed to form a platform deal with Mumbai-based Rustomjee and is in talks with two other developers for similar deals.
In August last year, KKR had signed an agreement to acquire the stake through a combination of primary and secondary investments.
The interest from the PE firms comes at a time when PhonePe is looking at a valuation of $10 billion.
PVR has appointed investment banks Kotak Mahindra Capital and CLSA to manage the fundraising process.
To step up its pace of investments in India, RTP Global hired Kirill Kozhevnikov, who previously launched and managed Sistema Asia Fund.