The company is also preparing to exit two portfolio companies in the next 6-8 months
Over the last two years, the segment had seen strong PE funding
Currently, the PE exposure in credit is limited and constitutes less than a 2 per cent share of the overall credit offered to industry.
It's an all-stock deal, newly-formed entity Eros STX Entertainment Corp sees $125 million in PE Funding
A Rs 30,000-crore bailout by the previous UPA government had been unable to reverse the fortunes of the carrier
The reason: lack of clear legal rules and pricing issues
The funds have invested about $2 billion this year in the country's non-bank financing sector, which is worth some $40 billion.
The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)
Logistics and warehousing drew over $1 billion, and the remaining investments went into mixed-use developments
Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail
Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.
Motilal Oswal is raising Rs 1,200 crore for its fourth real estate fund
Between FY17 and FY19, the share of security receipts (SRs) held by institutional investors grew to 58 per cent from 1 per cent
The Tatas are in discussions with a clutch of PE funds to gauge their interest and may offer anything between 10 and 15 per cent in Tata Capital Financial Services
KKR was also in talks to acquire majority stake in Aadhar Housing Finance, a unit of Wadhawan Global Capital
PE funds are cashing in on the new emerging areas of business. However PE funds admit that handling conglomerates needs special expertise and acumen as they are complex deals
Homegrown firms have the advantage of having larger, more focused and entrepreneurial teams
Lukewarm to Air India because they lack turnaround expertise
PE funds from the 2006-08 vintage have under performed as they invested at high valuations
Sustained interest lies in the transparency of the process and some early success stories