Adani Enterprises, the flagship entity of the Adani Group, is in talks with at least half a dozen sovereign and global pension funds and energy majors, such as the Abu Dhabi Investment Authority (ADIA), the Qatar Investment Authority (QIA), a BNP Paribas arm and TotalEnergies SE, to raise up to $2 billion in equity sales. … Read more
Beauty startup Nykaa has raised Rs 2,395.84 crore in its anchor book allocation from 174 investors ahead of its initial public offering (IPO). The firm allocated 21,296,397 shares at the upper price band of Rs 1,125 per equity share, it said in an exchange filing. Some of the marquee investors include Black Rock, Fidelity, … Read more
In one of it’s kind of arrangements (especially for HDFC Limited), HDFC has tied up with Indian Post Payments Bank (IPPB) for home loan distribution. Key points to note – IPPB has about 4.7 crore customers. HDFC’s idea here seems to get aggressive on affordable housing. HDFC said, “The partnership aims to facilitate HDFC Ltd.’s … Read more
Dr Lal Pathlabs (LPL) has acquired 100% stake in Suburban Diagnostics (SD) Key points to note SD is a Sequoia supported entity, who had put in Rs 40 crore into the Company in 2012. Sequoia had been drawing up an exit plan – explored IPO route previously and recently the more recently the Company was … Read more
ICICI Lombard has launched BeFit,  a service provided through its ILTakeCare app that gives customers benefits of complete OPD services—that is, doctor consultation, pharmacy, diagnostics services, etc.—on a cashless basis. “The solution empowers customers to benefit from a host of wellness services. As good health and immunity gain importance, this comprehensive solution will come in … Read more
Britannia has been an average performer over the last three years. As against a high of Rs 3,270 in August 2018, share is currently trading at Rs 3,686 i.e., a return of just 12.7% in more than 3 years. During the same period, FMCG index increased by 18% and nifty by 56%. Reason for Britannia’s … Read more
As per news reports, Britannia is in the process of creating a new position of CEO who will report to the MD, Varun Berry. Mandate is already supposed to have been given to the head hunters to look for a suitable candidate. The step definitely seems to be targeted towards smoother succession of Varun Berry … Read more