PUBLIC EQUITY

NTPC’s $2.1B share sale fully covered

February 07, 2013 | TEAM VCC

Although the government has sold shares in other PSUs this fiscal, NTPC share sale is the biggest since it sold shares of ONGC last March.

AV Birla Group-backed V-Mart's IPO fully subscribed

February 06, 2013 | TEAM VCC

V-Mart was started in 2002 by a first cousin of Vishal Retail chairman RC Agarwal; retail business of debt-laden Vishal was jointly acquired by TPG and Shriram Group in 2010.

Warburg Pincus starts exiting Havells with over 2x returns

February 05, 2013 | Madhav A Chanchani

The PE firm had invested through a mix of preferential allotment of shares and warrants which were converted into shares four years ago at a huge premium to the prevailing market price of Havells.

Axis Bank raises over $1B through a mix of QIP and preferential allotment

January 31, 2013 | Bruhadeeswaran R

Five out of the six state-owned insurance firms who are part of the bank’s promoter group, participated in the preferential allotment.

AV Birla Group-backed V-Mart raises money from anchor investors

January 31, 2013 | Madhav A Chanchani

AV Birla Group is set to make 3.5x at the upper end of the price band on its five-year-old investment in the retailer who focuses on tier II and tier III cities.

Sequoia Capital-backed PI Industries raises $21.8M through QIP

January 30, 2013 | Bhawna Gupta

Last quarter, Standard Chartered Private Equity exited its three-year-old investment in PI Industries with over 4x returns.

Jaiprakash defers share sale in Jaypee Infra after prices fall

January 24, 2013 | Reuters

Jaiprakash Infratech, which builds roads and homes, had planned to sell 98.5 million shares on Thursday to raise up to $94 million.

Nexus-backed organic farming company Suminter eyes $100M in revenues, IPO in 2014

January 22, 2013 | Vrishank Chandavarkar

The decade-old firm raised a Series B round in 2010 from an investment firm started by former eBay president Jeffrey Skoll.

Xander raises fifth India-focused fund; clocks exits worth $145M from older vintage fund

January 21, 2013 | Pooja Sarkar

Since 2005, the firm has committed over $1.8 billion of equity capital to the Indian market across private, public and credit investments.

SEBI tweaks norms for pricing of open offer, margin requirement in offer for sale

January 18, 2013 | TEAM VCC

The market regulator has also proposed to create a separate debt segment on stock exchanges and allow partial two-way fungibility of IDRs.

SEBI amends ESOP guidelines, prohibits employee trusts from share purchase in secondary market

January 17, 2013 | TEAM VCC

The market regulator finds that some listed cos have framed their employee benefit schemes where trusts have been set up to deal in their own securities in the secondary market.

Will listing of securitised debt help microlenders tap new investors?

January 16, 2013 | Bruhadeeswaran R

Post the regulatory crackdown in FY12, MFIs have been securitising a larger portion of their portfolios than ever before.

BCCL to pick shares worth $2.4M in jewellery firm C Mahendra Exports

January 15, 2013 | Bhawna Gupta

Equity convertible deal at a significant premium to the market price of the public-listed firm.

Marico to demerge Kaya into a separate listed company

January 07, 2013 | Diksha Dutta

Kaya’s chief executive Ajay Pahwa is quitting and his role in the demerged listed firm will be taken over by Vijay Subramaniam, Marico’s existing head of international business.

India shortlists Goldman, 5 others for NTPC share sale

January 07, 2013 | Reuters

The cabinet approved a 9.5% stake sale in NTPC, which could raise as much as $2.3B, to help rein in its ballooning fiscal deficit.

PE-controlled listed firms staring at deadline to meet minimum public holding norms

January 02, 2013 | Pooja Sarkar

Blackstone and Fairbridge own majority stake in Gokaldas Exports and Thomas Cook (India), respectively.

Best stocks of 2012: Tata Motors top blue-chip gainer

December 28, 2012 | Reuters

Lenders were the top performers among sectors, with the BSE banking index up nearly 57 percent. Real estate and fast-moving consumer goods (FMCG) were the next best sectoral performers.

Bharti Infratel price skids post debut, PE investors sit on 13% loss

December 28, 2012 | TEAM VCC

In dollar terms, investors such as Temasek and KKR are sitting on a bigger notional loss on their investment made at the peak of the stock market boom five years ago.

CARE share price rockets on listing, PE investors sit on 75% gains

December 26, 2012 | Vivek Sinha

Even after a run-up in price, the ratings-cum-research firm is trading at a discount, compared to its peers S&P-backed CRISIL & Moody’s-backed ICRA, as per VCCircle estimates.

DLF promoters to sell shares in Q1 FY14, deal to fetch over $250M

December 19, 2012 | Pooja Sarkar

Promoters looking to use the tailwind from recent asset sales to generate investor interest, which has been subdued due to debt pile-up.

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