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InCred Alternative Private Investments (InCred Alternatives) has closed its first special opportunities credit fund at a hard cap of Rs 1,500 crore, per an announcement. The close-ended Category II Alternative Investment Fund (AIF) - InCred Special Opportunities Fund-I - received commitments from domestic family offices, ultra-high-net-worth individuals, and international investors. "India's private credit market is at an early but decisive stage of institutionalisation and is very different f ...Read More >
MUMBAI, Feb 17 (Reuters) - Global private equity investors such as KKR and Blackstone have a new investment hotspot in India: cricket. The Indian Premier League, the world's richest cricket league, counts Bollywood stars, Indian tycoons and spirits maker Diageo among its backers, but is now attracting major private equity firms with the prospect of rapidly rising revenues and profits and a large global viewership. The enterprise value of the league, colloquially known as the IPL, rose to a rec ...Read More >
New Delhi [India], October 27: Air Liquide announces today that it has entered into an agreement to acquire the India operations of NovaAir, a leading industrial gas producer and supplier, from PAG, an Asia-focused private equity firm. This acquisition represents another investment for the Group in the country and a strategic milestone in its Indian growth story. Also Read | Nothing OS 4.0 Beta Rolls Out for Phone 3a Pro and Phone 3a Models; Check Details on Visual Upgrades, Lock Glimpse Featur ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Fractal Analytics, India's first AI unicorn, has filed for an IPO in Mumbai, potentially valuing the company at over $3.5 billion. The IPO aims to raise approximately $560 million, with existing investors selling a significant portion of their shares. Fractal intends to capitalize on the growing investor interest in AI and India's increasing adoption of consumer technologies. Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in ...Read More >
Mumbai: A 40-year-old man has been arrested in Mumbai for allegedly strangling his five-year-old stepdaughter and dumping her body in the Arabian Sea. The body was discovered floating near Sassoon Dock in Colaba on Tuesday morning, leading to the swift arrest of the accused.According to the police, the child had been reported missing from the Antop Hill area in Central Mumbai a day earlier. Her mother, Nazia, who works as a housemaid, and Imran Shaikh, the accused, had approached the Antop Hill ...Read More >
New Delhi, Jul 16 (PTI) Three private equity firms have sought approval from the Competition Commission of India (CCI) to acquire a stake in Mumbai-based bakery chain Theobroma. At least two private equity firms -- Infinity Partners and Atreides Investments BV -- are affiliates of ChrysCapital. Another PE firm Aqua Investments Ltd will also be acquiring a stake in Theobroma Foods. The development came following reports that homegrown PE major ChrysCapital is set to acquire a 90 per cent stake ...Read More >
Mumbai | New Delhi: Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties, ChrysCapital will buy around 90% stake from the company's promoters and existing investor ICICI Venture. The promoters will retain about a 10% stake, the people said. ICICI Venture holds a 42% stake in Theobroma. In 2017, ICICI Venture bought the stake for $2 ...Read More >
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