Private equity
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Franchise India Bureau May 15 2018 - 2 min readAs the bidding war for India’s second-largest hospital chain shows no signs of ending, Manipal Hospital Enterprises Pvt. Ltd has revised its offer for Fortis Healthcare Ltd for a fourth time, despite the target company’s board picking a winner last week. Manipal, backed by private equity giant TPG, increased its offer ...
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Franchise India Bureau May 14 2018 - 2 min readHomegrown private equity firm True North is set to acquire 26% stake in Fedbank Financial Services Ltd (Fedfina), a non-banking financial company (NBFC) of Kerala-based private sector lender Federal Bank in an undisclosed deal. The acquisition will take place through the purchase of fresh shares. After the transaction, Federal Bank’s stake ...
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Franchise India Bureau May 07 2018 - 1 min readThe Chennai-based Disprz, which runs a software-as-a-service (SaaS) platform that helps companies deliver educational and training content, has raised a Series-A round of $2.5 million (about Rs 16.5 crore) from IL&FS Private Equity and existing investor Kae Capital. The SaaS company operated startup aims to utilize the money in enhancing its ...
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Franchise India Bureau May 07 2018 - 2 min readManipal Hospital Enterprises Pvt. Ltd and its private equity investor TPG Capital have again revised their offer for India’s second-largest hospital chain, Fortis Healthcare Ltd for a third time, upping the ante in the five-way takeover battle. TPG-Manipal has now proposed to invest Rs 2,100 crore ($313 million) via a preferential ...
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Franchise India Bureau Apr 30 2018 - 1 min readThe Shree Cement Ltd board has given nod for all in cash acquisition of a 100% stake in private railway siding operator Raipur Handling and Infrastructure Pvt. Ltd for Rs 59 crore ($8.8 million), the company said in a stock exchange disclosure. The final deal value will be subject to closing ...