Advertisements A Kotak Mahindra Bank arm is targeting to raise up to Rs 1,500 crore to invest in private equity and venture capital funds. Kotak Investment Advisors (KIAL) said it is launching the Kotak India Alternate Allocation Fund (KIAAF), a… Read More ›
Private Equity in India
PEs, VCs Investment In Domestic Companies Rises 28 Percent To USD 34 Bn In First Half Of 2022: Report
Advertisements Private equity players and venture capital funds have pumped in 28 per cent more money into domestic companies, mostly into startups, totalling $34.1 billion in the first half of the year, according to a report. The first half of… Read More ›
FPIs Remain in Selling Mode; Take Out INR 7,400 Cr from Equities in July So Far
Advertisements Foreign investors continue to be cautious about the Indian equity market and have pulled out over Rs 7,400 crore this month so far amid sustained strengthening of the dollar and increasing concerns over a recession in the US. This… Read More ›
Bharti Airtel Allots 1.2 Percent Equity Shares To Google For INR 5,224 Cr
Advertisements Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs 734 apiece. The allotment is part of Google’s commitment to invest $1 billion with Airtel, which included equity… Read More ›
E-Cycle Maker Motovolt Mobility Seeks PE Funding For Expansion
Advertisements Electric-cycle maker Motovolt Mobility Private Ltd is talking to both domestic and foreign private equity investors to raise Rs 100 crore funds to foray into e-scooter and e-bike segments to ramp up its existing manufacturing capacity and expansion of… Read More ›
Poonawalla Fincorp Limited Records Consolidated PAT Of INR 375 Cr in FY22
Advertisements The Board of Directors (Board) of Poonawalla Fincorp Limited (PFL), a non-deposit taking systemically important NBFC focusing on consumer and small business finance, today announced its audited results for the year ended Mar 31, 2022. Performance Highlights (Consolidated) • Assets… Read More ›
PE Inflows Jump 15% In 2021 To Record USD 40 Bn
Advertisements Private equity investments hit a record high of USD 40.1 billion in 2021, an increase of over 15 per cent from the previous year, led by a USD 3.6 billion flow into Flipkart and USD 1.93 billion into Bundl… Read More ›
Microtek To Invest INR 500 Cr To Boost Electric Product Business
Advertisements Power appliance maker Microtek is planning to invest ₹ 500 crore to boost its electric product business over the next one year, according to company officials quoted in a PTI report. The company will primarily make investments in research and development… Read More ›
GLOBAL MARKETS-Wall Street tipped to open modestly firmer after U.S. payrolls miss
Advertisements Wall Street futures moved higher and bond yields slipped on Friday, though moves were modest as an underwhelming U.S. monthly jobs print did not shake conviction that the Federal Reserve would proceed with a faster stimulus unwind Nonfarm payrolls… Read More ›
Mining Player Tega Industries Raises INR 186 Cr
Advertisements Tega Industries, which offers solutions to marquee global clients in the mineral beneficiation, mining and bulk solids segments, has garnered Rs 185.77 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday…. Read More ›