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Advent may rope in new investor for Bharat Serums with neat valuation markup

Healthcare

24 July, 2023

Advent may rope in new investor for Bharat Serums with neat valuation markup

Mumbai-based biopharmaceutical company Bharat Serums, controlled by private equity major Advent International, is looking to onboard new investor(s) for a ......

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Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley

Finance

18 April, 2023

Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley

Magma HDI General Insurance Co, which was a joint venture between Poonawalla FinCorp and German insurer HDI Global SE but ......

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Will focus on core NBFC biz, looking at AUM growth of 35-40%: Adar Poonawalla

Finance

16 December, 2022

Will focus on core NBFC biz, looking at AUM growth of 35-40%: Adar Poonawalla

A day after the Poonawalla Group sold its housing finance arm Poonawalla Housing to private equity giant TPG for Rs ......

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India Alternatives garners 5x returns on its first exit from second fund

Finance

06 April, 2022

India Alternatives garners 5x returns on its first exit from second fund

The family office of Adar Poonawalla, who is the CEO of the world's largest manufacturer of vaccines by volume, Serum ......

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Leapfrog exits Poonawalla Fincorp after seven years, clocks 11% return

Finance

18 August, 2021

Leapfrog exits Poonawalla Fincorp after seven years, clocks 11% return

Mauritius-based Leapfrog Investments has exited non-bank lender Poonawalla Fincorp (formerly known as Magma Fincorp), controlled by Serum Institute CEO Adar ......

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Serum Institute-backed pharmacy chain picks banks to float by year-end

Healthcare

30 April, 2021

Serum Institute-backed pharmacy chain picks banks to float by year-end

Mumbai-based pharmacy chain Wellness Forever Medicare Pvt Ltd has roped in three banks to help float itself on bourses by ......

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Serum Institute's Adar Poonawalla bets $40 mn on Mumbai NBFC

Finance

24 April, 2020

Serum Institute's Adar Poonawalla bets $40 mn on Mumbai NBFC

Adar Poonawalla, CEO at vaccine maker Serum Institute of India Pvt. Ltd, has invested in a non-banking finance company, a ......

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Healthy snacks maker SnackAmor secures angel funding

Consumer

26 March, 2020

Healthy snacks maker SnackAmor secures angel funding

Healthy snacks maker SnackAmor has raised its angel round of funding from a clutch of local and foreign high net-worth ......