Jungle Ventures taps another returning LP for fifth fund
Venture capital firm Jungle Ventures, which invests across India and Southeast Asia, has secured commitment from another returning limited partner (LP) for its fifth investment vehicle, more than a month after bagging a cheque from an offshore LP, VCCircle has learnt. The Singapore-based firm, which has companies such as home interior ......
Exclusive: Shipping billionaire Saade set to form Africa logistics JV
Privately-held shipping giant CMA CGM, which is led by billionaire Rodolphe Saade and has been on an acquisition spree with over half a dozen deals in the last three years including the big-ticket buyout of Bollore in Brazil last February, is moving for a bigger piece of the African market. The ......
Grapevine: Avendus Capital, Imperial Blue, KKR, OTPP, Akzo Nobel, InCred, and Enel Group in news
The sale process of Pernod Ricard’s Imperial Blue whiskey, Akzo Nobel India Ltd, Enel Group’s renewable energy assets in India and KKR’s stake in Avendus Capital has gathered momentum, according to various media reports. Also in news, KKR and OTPP are set to invest in Highways Infrastructure Trust and InCred ......
Aditya Birla Fashion to raise $500 mn ahead of Madura Fashion demerger
Fashion and apparel behemoth Aditya Birla Fashion and Retail Ltd plans to raise $500 million (about Rs 4,300 crore) though preference shares and qualified institutional placement ahead of the proposed demerger of its key revenue platform. The board of Aditya Birla Fashion and Retail Ltd on Wednesday approved raising capital though ......
Bottomline: PE-backed Olive Bar & Kitchen caught in a growth funk
Olive Bar and Kitchen Pvt. Ltd is staring at a second consecutive year of tepid financial performance with revenue stagnating and profit margins eroding, as footfalls slow and costs rise in India’s hyper-competitive restaurant industry. The Mumbai-based operator of fine dining restaurants, bistros, cafes and bars has recovered from the Covid-19 ......
Bottomline: TPG-backed Grihum Housing's AUM tops $1 bn, asset quality slips a tad
TPG-backed Grihum Housing Finance’s assets under management (AUM) crossed the $1-billion (Rs 8,600 crore) milestone in the first half of the current financial year started April 2024. The steady rise in AUM rubbed off on the net profit in FY24 as well as the first half of FY25. Meanwhile, the company’s asset quality ......
Masdar announces $6 bn project to deliver reliable clean power
UAE state-owned renewable energy firm Masdar announced on Tuesday plans to create a new solar and battery energy facility that will deliver 1 gigawatt of uninterrupted clean power and is expected to cost around $6 billion. Speaking at the opening of Abu Dhabi Sustainability Week, chairman Sultan Al Jaber, who also serves ......
Mahindra's EV arm attracts another offshore investor
Mahindra & Mahindra (M&M) has secured the backing of another offshore investor for its electric vehicle arm after previously raising capital from British International Investment and Singapore state investment firm Temasek. M&M, which plans to raise as much as Rs 12,000 crore for its EV unit Mahindra Electric Automobile Ltd (MEAL) ......
Apollo Global, Synergy to partially exit JSW Cement as decks cleared for IPO
Private equity investors Apollo Global Management and Synergy Capital will trim their stakes in JSW Cement Ltd after the Indian company received regulatory approval to float its initial public offering following a four-month hold-up. The Securities and Exchange Board of India issued its final observations, akin to its approval, on JSW ......
Grapevine: Urban Company, Groww, Apollo Global-backed Tenneco plan IPOs
Prosus-backed Urban Company, investment platform Groww and Apollo Global-backed Tenneco plan to launch initial public offer of shares in the coming months, according to various media reports. Urban Company Urban Company plans to file draft papers for a Rs 3,000-crore initial public offer by the end of March, a media report ......
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