MUMBAI: Private equity funds such as Softbank and Carlyle may reduce their offer for sale (OFS) portion anywhere between 30-40% during the initial public offering (IPO) of Delhivery, India’s largest fully integrated logistics company, according to bankers. The reduction in the OFS size is expected to be from Rs 2,460 crore earlier to around Rs … Read more
NEW DELHI: is staring at a significant derating after the NBFC board decided not to proceed with the proposed preferential issue of Rs 4,000 crore at Rs 390 per share to the Carlyle group, General Atlantic, SSG Group and other investors. A few brokerages have already cut their ratings to ‘sell’ and reduced price targets … Read more
Mumbai: US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell its entire 1.9 per cent stake in worth Rs 2,160 crore through the stock exchange platform on Thursday, according to a term sheet issued by the sole book-runner BofA Securities. The sale price has been fixed at … Read more
(This story originally appeared in on Jul 14, 2021) MUMBAI: The Securities Appellate Tribunal (SAT) on Tuesday pulled up markets regulator Sebi for trying to pre-empt the outcome of the shareholders’ meeting on June 22. Questioning Sebi’s decision to halt an extraordinary general meeting (EGM) of Housing, the tribunal asked whether it was fair for … 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