After a troublesome summer in June, July and August both proved positive for the equity market. In August, Nifty Smallcap and Nifty Midcap indices gained 5 per cent and 6 per cent, respectively, for the month.Nifty Energy and Metal were the top sectoral performers gaining over 8 per cent each during the month.
Reliance Industries wil host its 45th post IPO annual general meeting on Monday. The traders be keenly looking an update from its chairman Mukesh Ambani for succession plan, future business outlook and IPOs of retail & telecom business.
Balanced advantage funds have become popular with investors. Find out if these funds can fulfill the promises they make.
“This deal assumes great significance for the Elan Group with a global fund like PAG reposing confidence in the group’s management and established development track," said Sandeep Agarwal, CFO, Elan Group.
A wholly owned subsidiary of Gautam Adani's flagship firm, Adani Enterprises, said it will buy a majority stake in New Delhi Television, a news channels, as it looks to boost media investments as part of an ambitious expansion plan.
Plans for a stake sale by Bain and Advent were expedited after earlier efforts to list the company in India or the US fizzled out as technology stock valuations faced a global meltdown.
Vijender Singh was most recently CEO of Metropolis Healthcare and COO of Dr. Lal’s Pathlabs, where Vijender helped scale both these companies under private equity ownership.
On Tuesday, KKR's affiliate Kayak Investments sold the remaining 27.5% stake, or 260 million shares in Max Healthcare, to raise about ₹9,186 crore, according to BSE bulk deal data. This is the largest single block deal ever done by any private equity firm in India.
Ding and Lu were key investment strategy decision-makers for the fund, known as the “Big Fund.” Since its establishment, the fund has built up a sprawling portfolio through direct and indirect investments, backing the growth of industry leaders like Semiconductor Manufacturing International Corp. (SMIC) and Hua Hong Semiconductor Ltd.
The expansion plan of the mid-sized lender comes after it raised $1.1 billion last week by selling up to a 10% stake to Carlyle Group and Advent International. The fundraising marked a rare vote of confidence in Yes Bank, which had to be taken over by the central bank in March 2020 after months of deterioration in its financials and allegations of mismanagement.
The EV industry is likely to create more than 10Mn direct jobs and 50Mn indirect jobs by 2030.
Jalona had stepped down from LTI following its merger with Mindtree in May this year.
The PE firm, Xponentia Capital Partners is looking to mop up Rs 750 crore towards the final close of the fund.
"Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2022 stood at USD 12 billion, 11 per cent lower compared to the USD 13.5 billion raised in 1H 2021," the global clean energy consulting firm said in its latest report.
The capital markets regulator has made surprise inspections at offices of at least 20 AIFs including domestic private equity and hedge funds in the last few weeks to examine whether these investment managers are fully compliant with the laws, said people with direct knowledge of the matter. Lawyers and market participants said such unexpected checks by regulatory officials at AIF offices are a recent phenomenon as Sebi has received complaints against these funds in the recent past.
Sequoia’s portfolio companies that listed in the US last year have lost more than $7.7 billion of market value since their debuts, according to a Bloomberg analysis of public filings. The declines were led by a $4.2 billion drop in the value of the firm’s IPO stake in Brazilian digital bank NU Holdings Ltd.
According to a private ruling by MRA, investment vehicles in Mauritius, used by global investors to enter India, will have to pay tax in Mauritius on 'capital gains' they receive from a PE or debt fund in India when the latter exits an investment.
The final close of the new fund is expected by the end of next month. Last year, OAKS Asset Management had launched its second private equity fund to invest in consumer startups and mid-size companies in India.
The heightened investment activity in May 2022 was on the back of an increased focus on the real estate and infrastructure sector by investors seen in bets of over USD 1.7 billion, after focusing on the e-commerce and technology sector in the whole of 2021, the consultancy firm's partner Vivek Soni said.
“The fund closed with total capital commitments of more than $2 billion, exceeding the $1.5 billion target. Bain Capital Special Situations will now have nearly $5 billion of dedicated capital to invest in Asia-Pacific, including a material component of the Global Special Situations fund pool, the India Resurgence Fund and specific strategic accounts,” it said in a statement.
The deal values the remaining 64.2% stake of Greaves Cotton in GEM at Rs 2,398 crore. It forms two-third of Greaves Cotton’s market capitalization of Rs 3700 crore a day before the deal announcement.
Monthly startup investments declined 50% YoY due to a slowdown in large funding rounds.
"Downside risks that can temper growth expectations and PE/ VC investment activity include rising inflation, oil prices, dollar appreciation vs Indian Rupee and rising Indian interest rates," EY partner Vivek Soni said.
KKR took over the top spot as the top private equity firm in the world in 2022. As of the end of June, KKR has $491 billion in assets under management, or AUM, and holds a total of 121 companies in its private equity funds. Those companies generate a total of about $223 billion in annual revenues.What are the three types of private equity funds? ›
There are three key types of private equity strategies: venture capital, growth equity, and buyouts.What is the most popular form of private equity funding? ›
#1: Buyout Fund
Buyout funds tend to have a higher batting average than a venture capital fund, but there are more singles and doubles than home runs.
Private equity firms operate these investment funds on behalf of institutional and accredited investors. Private equity funds may acquire private companies or public ones in their entirety, or invest in such buyouts as part of a consortium.Which international equity fund is best? ›
- Edelweiss Greater China Equity Off-shore Fund. ...
- Franklin India Feeder - Franklin U.S. Opportunities Fund. ...
- PGIM India Global Equity Opportunities Fund. ...
- Motilal Oswal S&P 500 Index Fund. ...
- Nippon India Japan Equity Fund. ...
- Motilal Oswal Nasdaq 100 Fund Of Fund.
Private equity is a very lucrative career. As an asset class, private equity has enjoyed tremendous success over the past decade. Investors around the globe continue to pile their money into private equity firms.