Bain Capital Raises $9 Bn for Special Situations Fund Bain Capital, which recently became a shareholder in an Indian auto component and construction equipment manufacturer, has successfully completed fundraising for its latest special situations fund. With this raise, the firm has emerged as one of the largest investors in the special situations space globally. Bain Capital has successfully raised $9 […]
Adani-Owned Ambuja Cements To Acquire Orient Cement Ambuja Cements has announced its agreement to acquire Orient Cement Ltd, a company under the CK Birla Group, for an equity value of $964 million (around INR 8,100 crores). Ambuja will purchase 46.8% of OCL from its current promoters and certain public shareholders, and has also made an open offer to acquire an […]
An infrastructure investment trust (InvIT) established by private equity firm KKR & Co. has secured a government contract for a 252 km segment of highways, emerging as the highest bidder with a bid of $797 million (around INR 6,661 crores). This contract pertains to a section of the Hyderabad-Nagpur corridor in the southern state of Telangana. The concession period for […]
Bharti Global, the international investment arm of Bharti Enterprises would acquire a 24.5% stake in BT which is Britain’s leading broadband and mobile company, for $4 billion (around INR 33,580 crores). The shares will be purchased through Bharti Televentures UK, which is wholly owned by Bharti Global. Bharti Televentures UK has inked an agreement with Altice UK to acquire about […]
Mankind Pharma Ltd has agreed to acquire Bharat Serums and Vaccines Ltd (BSV) from private equity firm Advent International for an enterprise value of $1.63 billion (around INR 13,630 crore). The move marks a “significant leap” for Mankind Pharma, positioning it as a market leader in the Indian Women’s health and fertility drug market. The acquisition will also provide Mankind […]
Adani-owned Ambuja Cements buys Penna Cement Industries for an enterprise value of $1.25 billion (around INR 10,422 crores) for its 14 mtpa of cement grinding capacity and 10.3 mtpa of clinker capacity. While PCIL has been facing liquidity issues, a potential turnaround can enhance the value for Ambuja Cements. At the same time, utilisation ramp-up at PCIL shall bring in additional […]
Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion. The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company. The round will be led by Walmart, Flipkart’s biggest shareholder and will make Google a minority investor, subject to approvals. […]
India’s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand. Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson […]
Navigating the financial world may be challenging for entrepreneurs, especially when they have to deal with complex data like Financial Statements. But understanding or analysing those assertions is essential to making sound decisions and moving your organization towards success. Here in the beginners guide, we have tried to simplify the basic fundamentals of financial statements and their construction so users […]
Adani Ports To Buy 95% Of Odisha’s Gopalpur Port For $162 Mn India Billionaire, Gautam Adani led Adani Ports and Special Economic Zone will buy a 95% stake in Odisha’s Gopalpur Port for an equity value of $161.74 million (around INR 1,349 crore) to bolster its east coast presence. India’s largest private port operator will purchase a 56% stake in […]