Apax Partners Picks Up Minority Stake In Ready-To-Cook Brand ID Fresh Apax Partners has acquired a significant minority stake around 35% in ready-to-cook brand iD Fresh Food for roughly $166 million (around INR 1,500 crores), marking its first India deal in over a year. The stake was bought from existing investors Premji Invest and TPG NewQuest, who will continue […]
Japan’s MUFG Bank To Buy 20% Stake In Shriram Finance In Largest Foreign NBFC Bet Japan’s MUFG Bank will acquire a 20% stake in Shriram Finance for $4.4 billion (Around INR 39,618 crores) through a preferential allotment, marking the largest foreign investment in India’s financial services sector. Shriram Finance will issue 47.1 crore shares at INR 840.9 per share, subject […]
Brookfield REIT To Acquire Bengaluru’s Ecoworld For $1.5 Bn Brookfield India Real Estate Trust, a publicly listed entity sponsored by Brookfield, has signed an agreement to acquire 100% of Ecoworld for $1.5 billion (around INR 13,412 crores). Ecoworld is a 7.7 million sq. ft. office campus on 48 acres along Bengaluru’s Outer Ring Road, leased to global capability centers […]
Dubai’s Emirates NBD To Buy 60% Stake In RBL Bank For $3 Bn Dubai-based Emirates NBD (ENBD) has announced plans to acquire a 60% stake in Indian private lender RBL Bank for $3.05 billion (around INR 26,786 crores) through a preferential allotment of shares, marking the largest-ever cross-border acquisition in India’s financial sector. The transaction, subject to regulatory approvals, will […]
Global investment giant Blackstone has acquired South City Mall in Kolkata for $376.8 million (around INR 3225 crores) from South City Projects (Kolkata) Ltd, a joint venture of six prominent Kolkata-based real estate families, including the Emami, Rameswara, Shrachi, Sureka, Merlin, and JB Groups. Launched in 2006, the 1 million sq. ft. mall is one of eastern India’s largest retail […]
Brookfield Asset Management plans to triple its India investments to $100 billion (around INR 8,52,908 crores) in five years, driven by strong growth and demand in infrastructure and clean energy. The firm has already invested $12 billion (around INR 102,390 crores) each in infrastructure and real estate, and $3 billion (around INR 25,599 crores) in clean energy projects. Brookfield sees […]
Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest $877 million (around INR 7,421 crores) in IDFC First Bank. The bank’s board has approved a preferential equity issue of $576 million (around INR 4,876 crores) to Warburg Pincus and $310 million (around INR 2,624 crores) to ADIA, subject to shareholder and regulatory approvals. The funds will strengthen the […]
Patanjali, DS Group To Buy Magma General For Over $500 Mn To Enter Insurance Sector Patanjali Ayurved Ltd and the DS Group have partnered to enter India’s insurance sector by acquiring Magma General Insurance Ltd from Sanoti Properties LLP (owned by Adar Poonawalla) and other shareholders. The acquisition, valued at approximately $517 million (around INR 4500 crores), is pending regulatory […]
NIIF, BII, Eversource to exit Ayana Renewable in $2.3 Bn deal The National Investment and Infrastructure Fund (NIIF), British International Investment (BII), and Eversource Capital have agreed to sell their renewable energy platform, Ayana Renewable Power, to a joint venture between ONGC and NTPC. The acquisition, valued at $2.3 billion (around INR 19,500 crores), includes debt and marks ONGPL’s first […]
Blackstone Inks MOUs To Invest $11 Bn In Maharashtra Over 3-5 Years Blackstone has signed three memoranda of understanding with the Maharashtra government at the World Economic Forum in Davos, committing an investment of approximately $11 billion (around INR 95,247 crores) over the next three to five years to develop infrastructure assets in the state. The agreements, made with Maharashtra […]