ReghuBalakrishnan
Stories by ReghuBalakrishnan
JPMorgan unit to exit maiden India-focused real estate fund
In 2006, JPMorgan Asset Management had raised $360 million for its maiden real estate fund in India called JPMorgan India Property Fund.
India: CPPIB, GIC eye Baring PE’s stake in developer RMZ Corp
Besides Baring whose 21% stake is valued at Rs2,400 crore, QIA is also looking to exit RMZ through a buyback option.
India IPO activity likely to remain high next year: JPMorgan’s Kulkarni
There’s a good opportunity now for the PEs who invested for 4-5 years and want to exit with scaled up companies.
India: Blackstone, GIC and Xander in race to buy Lodha’s XPeria Mall
Lodha Group has hired a leading global real estate adviser to find a buyer for the mall
India: Embassy Group’s Jitendra Virwani may buy Hard Rock Café franchisee
The deal will lead to the exit of one of the two founders, as well as private equity investor PremjiInvest.
India: JSW Infra, Essar Ports, Royal Vopak in race for Sterling Port
Sterling Port promoters hold close to 74% equity in the port project, while the remaining stake is held by Sterling Biotech Ltd, the group’s publicl
Temasek, Warburg, CDPQ in race for TPG’s Asia Healthcare stake
TPG is likely to sell 30-35% stake in Asia Healthcare, which is being valued at $285-300 million
India: Star Health Insurance stake sale draws bids from Temasek, Carlyle, 10 others
Investors who have submitted bids include Kedaara,, Carlyle, Bain, Warburg Pincus, HDFC Ergo, ICICI Lombard, and Hero FinCorp.
India: CX Partners raises $250m in first close of new fund
CX Partners is targeting a corpus of $400 million for the fund and the final close is expected by mid-2018.
India: Lenders to bring strategic investor in Sterling Port to attempt loan recovery
The lenders have invited expressions of interest (EoI) for the port.
