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NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches
As part of the OFS, promoter Meena Bindra and private equity investors Warburg Pincus-backed Highdell Investment and Faering Capital India Evolving Fund are proposing to offload shares
IndiaFirst will be the fourth private sector life insurer to get listed on the bourses
Leading global growth investor Warburg Pincus has agreed to pick up a minority stake for USD 210 million (about Rs 1,575 crore) in Micro Life Sciences, the parent firm of the Meril Group, which is the largest medical devices firm in the country. Warburg said the transaction, awaiting CCI approval, will be carried out through its affiliate South Elm Investments. Founded by the Bilakhia family, Meril is a fast-growing medical devices firm that designs, manufactures and distributes clinically relevant and state-of-the-art medical devices. With R&D facilities, manufacturing capability, distribution reach, Meril has market leading position across several categories. Narendra Ostawal of Warburg Pincus India said he is excited by Meril's compelling growth story and believes it stands to benefit from the secular tailwinds of healthcare in the country. Sanjeev Bhatt of Meril said this investment establishes high degree of credibility to the domestic medical devices in the global landscape
Premji Invest's PI Opportunities Fund and Natco Pharma were among the selling shareholders
Warburg Pincus, the present majority shareholder, would be minor partner
Warburg Pincus, the present majority shareholder of Encora, would retain a minority stake
Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited offers taxi and auto rickshaw aggregation services under the brand name 'Ola'. The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday. MacRitchie is an investment holding company and is a subsidiary of Temasek Holdings (Private) Limited. Singapore-based Temasek is an investment company. Fort Canning is also an investment holding company. Plum Wood is also an investment holding company and its shareholders are certain private equity funds managed by Warburg Pincus LLC. The latter, headquartered in New York, acts as a manager to certain priv
This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola
"Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources
The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University
'Plug-and-play' buildings or 'speculative buildings', as ESR calls them, are ready buildings that have facilities like power, water and so on
In addition to volume gains, lower pledges and acquisitions such as Concor would be new triggers
Acquisition expands APSEZ's market share to 30 percent across 12 locations in India. The acquisition is subject to regulatory approvals
Board clears Rs 3K-cr capital raise plan
Airtel, which is locked in a fierce competition with Reliance Jio in the telecom space, aims to align the ownership of its consumer-facing businesses, with the Warburg Pincus transaction
Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)
The firm's total expenses for the fiscal rose 5 per cent to Rs 1,622 crore
Private equity major Warburg Pincus on Thursday said it has increased its stake in IPO-bound mortgage lender Home First Finance Company by 5 per cent to 30.62 per cent
US private equity firm Warburg Pincus has invested about $100 million in India's boAt, the consumer electronics firm said on Wednesday