Sneh Susmit
Stories by Sneh Susmit
India: Firms line up IPOs worth $1.85b in March
The IPO activity in March is expected to be led by companies such as state-owned fighter jet maker Hindustan Aeronautics Ltd (HAL), Bandhan Bank Ltd a
Federal Bank to acquire 26% stake in Mumbai-based investment bank Equirus Capital
The association would aid Federal Bank in offering a host of products including wealth management services to high-net-worth individuals.
India: IFMR Capital rebrands as Northern Arc Capital, to raise first offshore fund
Northern Arc Capital is backed by Dvara Trust (formerly IFMR Trust), LeapFrog Investments, Eight Roads Ventures and Standard Chartered Private Equity.
Raising funds means to an end, not an end in itself: AppDynamics founder Jyoti Bansal
Bansal sold his venture AppDynamics to Cisco Systems for $3.7 billion, just a couple of days before the company was to go for an IPO.
India: Aster DM IPO sees overall subscription of 1.33 times on last day
Aster DM had set a price band of Rs180-190 per share for the initial public offering.
Rise of mega funds set to change Asia’s private equity landscape
Mega funds that previously were close to non-existent contributed over $20b of the $60b PE funds raised over 2017.
Zee Learn to acquire controlling stake in MT Educare for $30m
Zee Learn said that it has signed a definitive agreement to invest Rs200 crore in MT Educare through a preferential allotment for a 44.53% stake.
Indian PE/VC deals double to $3.5b in January led by financial services: EY report
There were five deals of value greater than $100 million, aggregating $2.78 billion.
India: TVS Capital aims for first close of new fund by March
The fund—TVS Shriram Growth Fund 3—is targeting a corpus of Rs1,000 crore.
India: Quadria Capital-backed Capricorn Food files for IPO to raise $78m
Quadria Capital, which will sell shares in the IPO, had invested $10 million in the company in 2013.