Balaji Wafers in talks to dilute only 10% stake: Rajkot, Gujarat-based potato chips and snacks maker Balaji Wafers Pvt. Ltd has decided to sell a 10% stake, nearly five months after it began talks with strategic investors to sell a majority stake. Investment firms Actis Capital and Capital International Private Equity Funds have emerged as the frontrunners to buy the stake. The company has mandated consulting firm EY for the transaction. (LiveMint)
Genpact founder eyes investment in healthcare sector: Having mastered the art of BPO business, the founder of Genpact Pramod Bhasin is now looking forward to invest in the healthcare sector. Investment decisions are likely to be firmed up in the “next few months”. Other sectors that have interested him include services, food and beverages and those “where he can add more value” or where the country has a natural advantage. His last investment, made earlier this year, was an undisclosed sum in Kolkata-based Lexplosion Solutions Pvt. Ltd, a legal and compliance management company. (Business Line)
Govt okays SBI plan to raise Rs 9,576Cr via QIP this fiscal: The country’s largest lender State Bank of India today said it has received government approval to raise INR 9,576 crore ($1.55 billion) through a qualified institutional placement in the ongoing fiscal. The government has accorded its approval to SBI to raise INR 9,576 crore of equity during this financial year from the market by way of a QIP issue on condition that government holding shall not come down below 58%. In October, the SBI board had approved infusion of INR 2,000 crore by allotting preferential equity shares to the government. (Economic Times)
Investors in Credo Brands are in talks with firms as they seek exit: Private investors in Credo Brands Marketing Pvt. Ltd, which owns the casual wear Mufti brand, are looking to sell their 33% stake to other private equity funds, founder and managing director Kamal Khushlani said. These investors are in talks with firms including the Carlyle Group, two people close to the transaction said on condition of anonymity. The deal could be worth INR 200 crore ($32.46 million), one of them said. Mumbai-based JM Financial Institutional Securities Pvt. Ltd has the mandate for the transaction. (Live Mint)
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4 years ago
Gujarat-based potato chips and snacks maker Balaji Wafers Pvt Ltd, which was...
2 years ago
Gujarat-based potato chips and snacks maker Balaji Wafers Pvt Ltd, which took a...
5 years ago
Global food majors PepsiCo and Mondelez, along with their Indian counterparts...