MUMBAI: Sona BLV Precision Forgings, also known as Sona Comstar saw a muted response from investors on the first day of its Rs 5,500-crore initial public offering. The IPO was subscribed merely 11 per cent at the end of day one. At 5:00 pm, only 1,13,93,298 shares of the company received bids out of a … Read more
LONDON: Words can be cheap in the market for loans, now some lenders want to change that. In recent years, borrowers have been able to get a reduction in their interest costs in return for meeting targets linked to environmental, social and governance (ESG) goals. That trend has been turbocharged this year by private equity … Read more
The world’s largest PE fund Blackstone is weighing its exit from Mphasis, the technology company it acquired from Hewlett Packard Enterprise in 2016, thereby paving the way for its biggest payday in India, according to multiple people aware. Blackstone has initiated discussions with at least three global investment banks JP Morgan, Morgan Stanley and Citi … Read more
The Kuala Lumpur based private equity firm Creador has acquired about 17% stake in Shriji Polymers- a leading packaging solution provider for global pharmaceutical industry for Rs 250 crore. Creador has bought out existing investor – Tata Capital. Creador has acquired about 13% stake held by Tata Capital and another 4% stake held by promoters. … Read more