Shriram Finance shares jump 5% on deal to exit housing finance biz
The Shriram group flagship will sell its entire 85% stake in Shriram Housing Finance (SHFL) to Warburg Pincus for ₹4,630 crore.
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Shriram Finance to sell housing unit to Warburg Pincus for ₹4,630 cr
Shriram Finance holds a controlling stake in SHFL while private equity firm Valiant Partners L.P., Mauritius, holds the remaining ownership.
After Adani and JSW Steel, GQG Partners acquires stake in IDFC First Bank
The Rajiv Jain-led investment firm picked up 2.58% shares in IDFC First Bank at ₹89 apiece via bulk deals, amounting to ₹1,527 crore.
Emerging Companies on the Rise
Fortune India’s The Next 500 event showed how emerging companies are scaling new levels.
Fortune India TheNext500: ‘Building blocks to go global next year’, says boAt’s Aman Gupta
“This year the company will focus on India and going all out is next year’s vision,” says Aman Gupta, Founder and CMO, boAt, at Fortune India’s TheNext500 event.
Kalyan Jewellers shares tank 11% amid block deal
Warburg Pincus, which holds 26.36% stake in Kalyan Jewellers through its subsidiary, Highdell, looks to sell 2.5% equity stake in the company.
High tide: boAt nets $100 million in investment
After raising $100 million from Warburg Pincus, boAt is now one of the most successful electronics hardware startups in India, proving that attractive prices and nifty design can always be a winner.
Warburg Pincus: I’ll be there for you
It wouldn’t be hyperbole to call Warburg Pincus a rough-weather friend for Indian entrepreneurs. Over 25 years, the private equity firm has shown its willingness to ride out the storm.
Inside the issue: February 2020
A sneak peek into the investment issue.
Investing in uncertain times
Editor’s letter from the February 2020 edition.
