Forwarded from Moneycontrol
#MCExclusive – We broke the story on 1st March 2020 that Flipkart was eyeing a buyout of Cleartrip & now we hear that deal talks are nearing the finish line. We bring you all the detalils
https://www.moneycontrol.com/news/business/walmart-backed-flipkart-in-final-stage-talks-to-buy-cleartrip-announcement-likely-soon-6764761.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/walmart-backed-flipkart-in-final-stage-talks-to-buy-cleartrip-announcement-likely-soon-6764761.html?utm_source=telegram&utm_medium=social
Moneycontrol
Walmart-backed Flipkart In Final-stage Talks To Buy ClearTrip; Announcement Likely Soon
With the proposed acquisition, Flipkart would warm up to the ‘super app strategy’ and will be better positioned to take on the likes of MakeMyTrip, Yatra, Booking.com, EaseMyTrip and IPO-bound Ixigo.
Forwarded from Moneycontrol
#MCExclusive | It’s a mega consumer push by Gautam Adani’s port-to-power conglomerate with Adani Wilmar planning a 2021 IPO to raise nearly $1bn at a valuation of $ 8bn to $9bn reports Ashwin Mohan.
https://www.moneycontrol.com/news/business/ipo/in-big-consumer-push-adani-wilmar-targets-ipo-to-raise-nearly-1-billion-in-2021-7011021.html
#AdaniWilmar #IPO #AdaniGroup
https://www.moneycontrol.com/news/business/ipo/in-big-consumer-push-adani-wilmar-targets-ipo-to-raise-nearly-1-billion-in-2021-7011021.html
#AdaniWilmar #IPO #AdaniGroup
Moneycontrol
Adani Wilmar prepares to launch IPO of nearly $1 billion In 2021
Adani Wilmar, which makes the popular edible oil brand ‘Fortune’, is aiming for a valuation of up to $9 billion.
Forwarded from Moneycontrol
#MCExclusive | ‘Original Choice’ whiskey maker John Distilleries, KKR & TPG are eyeing the mass brands of India’s largest liquor firm USL reports Ashwin Mohan.
So who will finally raise a toast and bag the deal?
https://www.moneycontrol.com/news/business/paul-john-whiskey-maker-kkr-and-tpg-in-race-for-liquor-brands-of-diageo-backed-united-spirits-7026311.html
#JohnDistilleries #MorganStanley
So who will finally raise a toast and bag the deal?
https://www.moneycontrol.com/news/business/paul-john-whiskey-maker-kkr-and-tpg-in-race-for-liquor-brands-of-diageo-backed-united-spirits-7026311.html
#JohnDistilleries #MorganStanley
Forwarded from Moneycontrol
#MCExclusive ⚡️ Tiger Global's dealmaking spree in Indian startups continues 🔥
The investment firm is in talks to lead a $100 million round in Spinny, more than doubling its valuation to $800 million in 2 months, M Sriram reports.
https://www.moneycontrol.com/news/business/startup/exclusive-tiger-in-talks-to-back-spinny-valuation-zooms-to-800-million-7034641.html?utm_source=telegram&utm_medium=social
The investment firm is in talks to lead a $100 million round in Spinny, more than doubling its valuation to $800 million in 2 months, M Sriram reports.
https://www.moneycontrol.com/news/business/startup/exclusive-tiger-in-talks-to-back-spinny-valuation-zooms-to-800-million-7034641.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive | Tiger In Talks To Back Spinny, Valuation Zooms To $800 Million
Tiger Global is in talks to lead a $100 million round in online car retailer Spinny, more than doubling its valuation to $800 million in just two months.
Forwarded from Moneycontrol
#MCExclusive | Post the $3.5 bn Adani-SB Energy deal, Mytrah Energy’s portfolio sale is the next big clean energy deal in the works and Ashwin Mohan reports that Adani Group, ReNew Power, KKR, CPPIB & Ayana are early suitors
https://www.moneycontrol.com/news/business/race-for-mytrahs-renewable-energy-assets-adani-group-renew-power-kkr-cppib-ayana-among-early-suitors-7127391.html
#AdaniGroup #CleanEnergy
https://www.moneycontrol.com/news/business/race-for-mytrahs-renewable-energy-assets-adani-group-renew-power-kkr-cppib-ayana-among-early-suitors-7127391.html
#AdaniGroup #CleanEnergy
Moneycontrol
Race For Mytrah’s Renewable Energy Assets: Adani Group, ReNew Power, KKR, CPPIB, Ayana Among Early Suitors
Mytrah Energy’s assets are spread across 17 wind farms and 21 ground monitored solar farms in 9 states. According to its website, the firm has the largest wind data bank in India, being the only independent power producer having a pan India presence of over…
Forwarded from Moneycontrol
#MCExclusive | The mega sale of Billdesk could be the 2nd largest Indian internet deal post the $16bn Walmart-Flipkart one.
Ashwin Mohan reports Naspers backed PayU is in the fray for a mega $3.5bn - $4.5 bn buyout
https://moneycontrol.com/news/business/naspers-backed-payu-in-race-to-buy-billdesk-set-to-be-2nd-largest-indian-internet-deal-after-walmart-flipkart-acquisition-7128581.html
#Billdesk #Naspers #Deals
Ashwin Mohan reports Naspers backed PayU is in the fray for a mega $3.5bn - $4.5 bn buyout
https://moneycontrol.com/news/business/naspers-backed-payu-in-race-to-buy-billdesk-set-to-be-2nd-largest-indian-internet-deal-after-walmart-flipkart-acquisition-7128581.html
#Billdesk #Naspers #Deals
Moneycontrol
Naspers-backed PayU In Race To Buy BillDesk; Set To Be 2nd Largest Indian Internet Deal After Walmart-Flipkart Acquisition
BillDesk’s processing network is used by India's largest banks and companies from telecom, insurance, utilities, financial services, education, entertainment and e-commerce businesses. PayU is a fintech company that provides payment technology to online merchants.
Forwarded from Moneycontrol
#MCExclusive ⚡️ The ed tech m&a boom continues!
Months after striking the $1bn Aakash-Byjus deal, #Blackstone now in talks to acquire a majority stake in top upskilling firm #Simplilearn reports Ashwin Mohan
https://www.moneycontrol.com/news/business/blackstone-to-acquire-majority-stake-in-top-upskilling-ed-tech-firm-simplilearn-7189271.html?utm_source=telegram&utm_medium=social
Months after striking the $1bn Aakash-Byjus deal, #Blackstone now in talks to acquire a majority stake in top upskilling firm #Simplilearn reports Ashwin Mohan
https://www.moneycontrol.com/news/business/blackstone-to-acquire-majority-stake-in-top-upskilling-ed-tech-firm-simplilearn-7189271.html?utm_source=telegram&utm_medium=social
Moneycontrol
Blackstone To Acquire Majority Stake In Top Upskilling Ed-tech Firm Simplilearn
Based in San Francisco and Bengaluru, Simplilearn is backed by Kalaari Capital, Helion Venture Partners and Mayfield Fund
Forwarded from Moneycontrol
#MCExclusive ⚡️ Byju's in talks to raise $500 million in a debt round through the TLB route as it gears up for an IPO. The company has started working with Morgan Stanley for the same.
https://www.moneycontrol.com/news/business/startup/exclusive-byjus-in-talks-to-raise-500-million-via-term-loan-b-7382681.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/startup/exclusive-byjus-in-talks-to-raise-500-million-via-term-loan-b-7382681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive: Byju's In Talks To Raise $500 Million Via Term Loan B
Term Loan B or TLB refers to a tranche of senior secured syndicated credit facility from global institutional investors. Conventionally, TLB proceeds are used either to refinance the existing debts by a company or to make overseas acquisitions with an aim…
Forwarded from Moneycontrol
#MCExclusive ⚡️ Food tech giant @Zomato to poach EY dealmaker Nitin Savara; may be groomed for senior finance role, reports Ashwin Mohan
Read the full story at 👇
https://www.moneycontrol.com/news/business/companies/mc-exclusive-zomato-to-take-on-board-ey-dealmaker-nitin-savara-7507541.html?utm_source=telegram&utm_medium=social
Read the full story at 👇
https://www.moneycontrol.com/news/business/companies/mc-exclusive-zomato-to-take-on-board-ey-dealmaker-nitin-savara-7507541.html?utm_source=telegram&utm_medium=social
Moneycontrol
MC Exclusive | Zomato to take on board EY dealmaker Nitin Savara, may get senior finance role
With over 20 years of experience, Savara, a chartered accountant and a lawyer, specialises in transaction tax and structuring
Forwarded from Moneycontrol
#MCExclusive ⚡️ Invesco is betting big on the Indian tech space. Post backing IPO-bound Pine Labs, Ashwin Mohan learns the US asset manager has now acquired a majority of Fosun’s stake in IPO bound travel app ixigo
https://www.moneycontrol.com/news/business/invesco-bets-on-ipo-bound-ixigo-buys-part-stake-held-by-chinas-fosun-7555951.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/invesco-bets-on-ipo-bound-ixigo-buys-part-stake-held-by-chinas-fosun-7555951.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive | Invesco Bets On IPO-bound Ixigo, Buys Part Stake Held By China’s Fosun
In July, ixigo raised $53 mn from a consortium of investors led by GIC. The next month, one of its earliest backers, MakeMyTrip, made an exit and pocketed 8x returns.
Forwarded from Moneycontrol
#MCExclusive: More M&A in the red-hot infra segment with Vineet Mittal promoted Avaada Energy emerging as front-runner to buy 340 MWs of solar power assets of Essel Group, reports Ashwin Mohan.
Deal proceeds to pay back bondholders Piramal & APG Asset Mgmt.
Read:
https://www.moneycontrol.com/news/business/companies/avaada-energy-emerges-lead-suitor-to-acquire-340-mw-solar-power-assets-of-essel-group-7663051.html?utm_source=telegram&utm_medium=social
Deal proceeds to pay back bondholders Piramal & APG Asset Mgmt.
Read:
https://www.moneycontrol.com/news/business/companies/avaada-energy-emerges-lead-suitor-to-acquire-340-mw-solar-power-assets-of-essel-group-7663051.html?utm_source=telegram&utm_medium=social
Moneycontrol
Avaada Energy Emerges Lead Suitor To Acquire 340 MW Solar Power Assets Of Essel Group
Avaada Energy is owned by Vineet Mittal, the former promoter of Welspun Energy. He left the Welspun Group after selling the entire 1.1 GW renewable energy portfolio of Welspun Energy To Tata Power for $1.4 billion.