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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
The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20
Carlyle's top executives and Advent's leaders in a series of meetings with Yes Bank and SBI's senior management, and RBI officials this week decided the contours of the investment plan
Indian company says it will use partnership for investments in brand building and, expanding distribution
Preferential allotment will be made post receipt of regulatory, shareholders and legal approval, says mortgage lender
What are the contours of the deal? Why is the market regulator hesitant about giving the deal a go-ahead? In today's podcast we decode them and more
Credit Suisse and Rothschild advised PAI on the deal while Citi and Lazard advised Carlyle
Carlyle Group, the US-headquartered investment entity, announced on Friday it had sold its entire 8.2 per cent stake in Edelweiss Financial Services, in the secondary market. The exit has been well-timed. Shares of Edelweiss have risen 2.5 times in the past year, and gained nearly 40 per cent on a year-to-date basis.Edelweiss' shares closed on Friday at Rs 134.2, after touching a high of Rs 140 and a low of Rs 127.By a rough calculation, Carlyle would have made a gain of at least three-fold on its investment in the domestic financial services major. It first took a four per cent stake in the domestic brokerage in October 2011, for Rs 86 crore. It raised this by another 187 basis points to 7.48 per cent by September 2012, and by another 127 bps to 8.75 per cent by September 2014. At the end of the December 2016 quarter, Carlyle's stake in Edelweiss was 8.2 per cent.The share stayed between Rs 25 and Rs 35 between 2011 and 2012. It has seen huge buying interest in the past one year, ...
The Carlyle Group, a US-based investment entity, is planning to launch a new fund, to invest in small buyout and late-stage growth capital investments in some countries, including India. Targeting $1 billion in commitments, will be backed by International Finance Corporation (IFC). It will be a 10-year closed-end generalist private equity fund, domiciled in the Cayman Islands.Carlyle Asia Growth Partners Fund-V, as it is called, is apparently to look primarily at China and India, and to an extent, South Korea. It is expected to make 15 to 20 investments of a size of $30-75 million each, in high-growth companies that are expected to create new employment opportunities by focusing on middle market growth equity investments. It will focus on small-cap and mid-cap companies that need growth capital.The proposal is for IFC to make an equity investment of up to $25 million in the fund, not to exceed 20 per cent of total fund commitments. Their participation, said IFC, would encourage other .