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GIC, BlackRock snap up Hyundai India shares in record $3.3 bn IPO

Manufacturing

15 October, 2024

GIC, BlackRock snap up Hyundai India shares in record $3.3 bn IPO

Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a ......

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Grapevine: Ola seeks investor nod for listing; BlackRock among bidders in Hyundai India IPO

General

11 October, 2024

Grapevine: Ola seeks investor nod for listing; BlackRock among bidders in Hyundai India IPO

Ola Consumer has sought approval from its investors to change its registration to a public one, The Arc reported. This could mark ......

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Grapevine: GIC plans to offload stake in Greenko; PhysicsWallah hires i-banks for IPO

General

09 October, 2024

Grapevine: GIC plans to offload stake in Greenko; PhysicsWallah hires i-banks for IPO

Singapore's sovereign wealth fund GIC is evaluating the sale of its 50% stake in Indian renewables player Greenko Energy Holdings, ......

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GIC, Asiya Capital-backed company that runs Marriott, Hyatt hotels strikes M&A

Consumer

04 October, 2024

GIC, Asiya Capital-backed company that runs Marriott, Hyatt hotels strikes M&A

A Gurugram, Haryana-based company that manages hotels under the Marriott, Sheraton, and Hyatt brands has struck a deal to acquire ......

Cred narrows FY24 loss by reining in marketing expense, revenue jumps 66%

TMT

30 September, 2024

Cred narrows FY24 loss by reining in marketing expense, revenue jumps 66%

Serial entrepreneur Kunal Shah’s fintech startup Cred managed to narrow its operating loss to Rs 609 crore in the financial ......

GIC-backed AM Green to buy Finnish firm Chempolis, Fortum's Bio2X

Manufacturing

23 September, 2024

GIC-backed AM Green to buy Finnish firm Chempolis, Fortum's Bio2X

Indian energy transition firm AM Green has inked separate deals to acquire Finnish biorefining company Chempolis Oy and its green ......

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Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO

General

16 September, 2024

Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO

Temasek Holdings Pte is nearing a deal to acquire a significant minority stake in VFS Global, valuing the visa outsourcing firm at ......

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Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop

General

12 September, 2024

Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop

The process for stake sale in Haldiram Snacks Food Pvt Ltd has stalled again due to disagreements over pricing and ......

Bajaj Housing Finance's $782 mn IPO oversubscribed in busy week for Indian floats

Finance

09 September, 2024

Bajaj Housing Finance's $782 mn IPO oversubscribed in busy week for Indian floats

Bajaj Housing Finance's $782 million public offer was oversubscribed nearly twice on the first day of bidding on Monday, kicking off ......

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Brookfield adds India office park owner to real estate portfolio

Infrastructure

03 September, 2024

Brookfield adds India office park owner to real estate portfolio

Brookfield Asset Management Inc has picked up a minority stake in an Indian developer, as the Canadian alternative investment firm ......