Tpg

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

TPG weighing majority stake sale in Fourth Partner Energy: Report

The private equity firm is working with an adviser on the deal, said the people.. A stake sale could value Fourth Partner at around $600 million, the people said.

M&M, British Int'l Investment to build portfolio of five e-SUVs by 2027

At $9.1 billion valuation, BII will have a stake of 2.75-4.76% in the new EV company

TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility

This is for an aggregate consideration of Rs 3,750 crore as the first tranche of the potential investment aggregating Rs 7,500 crore, announced by the company in October 2021

TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility

TPG Rise Climate along with co-investors would secure between 11-15 per cent stake in the new subsidiary

CCI clears Blackstone, TPG buying stakes in Busybees Logistics

Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd.

PE firm TPG invests $360 mn in AI and analytics services firm Fractal

PE player Apax is exiting partially via this fund raise. It had invested $200 million in Fractal in 2019

Tata Motors' pact with private equity firm TPG 'credit positive': Moody's

Moody's Investors Service on Wednesday said that Tata Motors' pact with private equity firm TPG is 'credit positive', as it will help the automaker to scale up its electric vehicle business. Last month, Tata Motors announced that it will raise USD 1 billion in its passenger electric vehicle (EV) business from TPG Rise Climate. "We estimate that TPG Capital's USD 1 billion capital injection into Tata Motors's (TML, B1 stable) electric vehicle subsidiary, EVCo, will fund half its EV spending in India (Baa3 stable) through March 2026," Moody's Investors Service said in a statement. Tata Motors intends to use the funds, which it will receive in exchange for compulsorily convertible preference shares issued to TPG, to create a portfolio of EVs and dedicated battery electric vehicle (BEV) platforms. EVCo will also invest in battery technologies and charging infrastructure in association with Tata Power Ltd. Moody's Investors Service noted that the automaker has an early mover advantage

Nifty Auto index gains over 3% on Tata Motors-TPG deal boost

Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra

TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary

The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal

Tata Motors to invest $2 billion in EVs after fundraise from TPG

"The aim is to lead the EV charge in the market," said Shailesh Chandra, head of Tata Motors' passenger vehicles business

Top headlines: IMF says India to grow 9.5%; retail inflation at 5-month low

Business Standard brings you the top stories from today

Buyout firm TPG in the lead for stake in AT&T's DirecTV, say reports

The exact price TPG is willing to pay could not be learned, but sources said the deal could value DirecTV at more than $15 billion

Cosmetics startup Nykaa plans IPO, eyes $3 billion in valuation: Report

The cosmetics startup is backed by TPG

Competition Commission gives nod to 8% acquisition of API Holdings by TPG

API Holdings is the parent entity of API Holdings Group and of Pharmeasy, a leading e-pharmacy player

GIC, TPG to invest about $1 billion in retail arm, says Reliance Industries

GIC will invest Rs 5,512 crore for a 1.22% stake, while TPG Capital will invest Rs 1,838 crore to own a 0.41% equity stake in the retail arm

Investment fund TPG to invest Rs 1,837 crore in Reliance Retail Ventures

This investment values Reliance Retail at a pre-money equity value of Rs 4.285 trillion

TPG to sell Cancer Treatment Services to US firm Varian for $283 mn

Cancer Treatment Services International owns and operates a network of cancer treatment facilities under the brand American Oncology Institute across India and South Asia

TPG acquires a minority stake in pharma firm Sai Life Sciences

Headquartered in Hyderabad, Sai is an integrated provider of drug discovery, development, and manufacturing solutions