Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
SpiceJet has also decided to buy AS Air Lease in the settlement with aircraft lessor Castlelake
Founded in 1989, VLCC has a network of 210 retail "clinics" in 118 cities across 11 countries in South Asia, the Middle East and Africa
VLCC founders Vandana Luthra and Mukesh Luthra will continue to hold a significant stake in the company, Carlyle said
Yes Bank on Tuesday said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity (PE) funds together would pump in about Rs 8,896 crore in Yes Bank with full conversion of warrants into equity. The bank has allotted a total of 369.61 crore shares of face value Rs 2 each and 255.97 share warrants convertible into equity shares of face value Rs 2 each on a preferential basis to CA Basque Investments, a Carlyle Group entity, and Verventa Holdings Limited, an Advent group entity, Yes Bank said in a regulatory filing. Pursuant to the allotment of the equity shares, the total issued and paid-up share capital of Yes Bank has increased from Rs 5,011.31 to Rs 5,750.54, it said. CA Basque Investments was allotted 184.80 shares with a face value of Rs 2 at an issue price of Rs 13.78 and 127.98 share warrants carrying a right to exercise, get issued and allotted 1 (One) equity share with a face value of Rs 2 for each warrant at a pr
On Friday, the Reserve Bank of India (RBI) issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings
Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in Yes Bank, the private sector lender said on Thursday. The two PE funds in July this year expressed an intent to pump-in over Rs 8,000 crore in Yes Bank subject to regulatory permissions. Regulatory nod is required for owning over 5 per cent in a bank. In a stock exchange filing, Yes Bank said through separate letters on November 30, RBI has given conditional approval for both the funds to own 9.99 per cent of the paid-up share capital of the lender by subscribing to equity shares and share warrants. the investors (Carlyle and Advent) are evaluating the conditions. The investors and the bank will engage with the RBI to seek an early resolution of the conditions to procure the final approval on this matter, the statement added. Yes Bank had to be bailed out by fellow lenders in a RBI-led scheme in 2020, after alleged malfeasance by its founders led to a huge chunk of loans
The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20
Yes Bank Ltd said on Friday it will sell up to 10% stake to U.S. private equity firms Carlyle Group Inc and Advent International for $1.1 billion
Business Standard brings you the top headlines at this hour
The payment was made under settlement rules, which allow an alleged wrongdoer to settle a matter without admitting or denying the guilt
Indian company says it will use partnership for investments in brand building and, expanding distribution
The transaction is expected to add $280 per share to White Mountains' adjusted book value
CA Rover Holdings, an affiliate firm of the Carlyle Group, sold a total of 26.17 million shares at Rs 852 apiece, shows data provided by the stock exchange
PNB Housing Finance had decided to sell a part of its stake to a group of investors led by private equity firm Carlyle in May
To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .
PNB Housing Finance on Wednesday said the Securities Appellate Tribunal has allowed it to withdraw its appeal in the matter related to the Rs 4,000 crore Carlyle deal, which stands scrapped now
The $1.01 billion notes due 2026 would ultimately be used by CA Magnum to help finance the purchase of a 95.4% stake in Indian IT company Hexaware, said Moody's Investors Service
Protracted litigation, uncertainty reasons for move: Firm
As per NSE information, the two tranches of 16 million shares each got executed at around Rs 1,021 apiece
Price band set at Rs 1,021-Rs 1,072.3 per share; At the lower end of the band, Carlyle will raise Rs 3,267.2 crore