Pfizer to Make Tender Offer to Hike Stake in Indian Unit - Pfizer Investments Netherlands BV, a wholly-owned subsidiary of Pfizer, on Monday said it will make a tender offer to acquire an additional 33.77% stake in Pfizer India from public shareholders, at a price of Rs 675 per share. On completion of this offer, representing a total value of up to Rs 680 crore (around $136 million), Pfizer’s stake would go up to 75% from the current level of 41.23%. This level is, however, below the SEBI stipulated shareholding of 90%, which is mandatory for delisting. (The Economic Times)

Pantaloons to Raise Rs 371 Crore through Equity and Warrants - The Kishore Biyani-led Pantaloon Retail on Monday announced a slew of measures that includes raising funds, transferring divisions and re-christening itself. The Pantaloon Retail board, which met in Mumbai on Monday, has decided to allot equity and warrants to its promoters and other investors to raise a total of Rs 371 crore. The board has approved preferential allotment of 11 million equity shares to raise Rs 201.30 crore and 5 million warrants aggregating Rs 91.5 crore to the promoters. It has also decided to issue 4.1 million shares amounting to Rs 75.03 crore to Dharmyug Investments, an investor. All the issues - equity and warrants - are priced at Rs 183 a share. (The Economic Times)

Goldman Starts $5.5 Billion Private Equity Fund - Goldman Sachs Group Inc said it raised its fifth dedicated private equity secondaries fund, GS Vintage Fund V, with approximately $5.5 billion in capital commitments. Limited partners in GS Vintage Fund V include existing and new institutional and private investors throughout the Americas, Europe, Asia and Australia. GS Vintage Fund V will focus primarily on acquiring portfolios of private equity assets, including limited partnership interests in private equity funds, as well as providing unique liquidity and capital solutions to both limited partners and general partners around the world. (Business Standard)

LIC to Raise Fresh Equity Capital through QIP - LIC Housing Finance (LICHF) is planning to raise fresh equity capital through qualified institutional placement (QIP). The company would issue fresh equity shares to the tune of 10 per cent of its total paid-up capital and existing shareholders are expected to subscribe to it proportionately. The total paid-up capital of the company is estimated at around Rs 85 crore. Currently, Life Insurance Corporation of India (LIC), which is also the promoter of LICHF, holds a 40.84 per cent stake in the company, followed by foreign institutional investors (FIIs) with a 20.61 per cent stake. The remaining is held by the public. (Business Standard)


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