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Lenskart Solutions Pvt, an Indian eyewear company backed by SoftBank Group Corp., is reportedly planning to hire banks such as Kotak Mahindra Bank Ltd. and Morgan Stanley for a $1 billion initial public offering in Mumbai. The company may seek a valuation of around $8 billion through this offering. Lenskart's other investors include Abu Dhabi Investment Authority, KKR & Co., Temasek Holdings Pte, and PremjiInvest. Final decisions regarding the IPO size and company valuation are still pending. [Extracted from the article]

JPMorgan Chase & Co. has appointed Nitin Maheshwari and Ravi Shankar as co-heads of investment banking in India following the departure of Navin Wadhwani. Maheshwari was previously in charge of mergers and acquisitions, while Shankar led technology, media, telecommunications, consumer, and retail sectors. The new co-heads will report to Paul Uren and Kaustubh Kulkarni, overseeing a market that saw significant deal activity in 2024, including a record-breaking IPO by Hyundai Motor Co.'s local unit. [Extracted from the article]

Chinese construction-machinery maker Sany Heavy Industry Co. is exploring the possibility of selling a stake in its India business, as reported by Bloomberg. The company has engaged with financial advisers and potential investors, including industry peers and Indian tycoons. This move is part of a trend where multinational companies are looking to raise funds and streamline operations in India, potentially by bringing in local partners. Sany's India manufacturing facility in Pune produces a range of construction equipment, and the company's shares have seen a 23% increase in the past year. [Extracted from the article]

Billionbrains Garage Ventures Pvt. Ltd., the company behind financial services platform Groww Invest Tech Pvt. Ltd., is considering an initial public offering (IPO) in Mumbai this year. The IPO could raise $750 million or more, with a potential valuation of $7 billion to $8 billion. Groww, founded in 2016, has over 50 million customers and is backed by investors including Microsoft CEO Satya Nadella. The Indian IPO market has been active, with more than $20 billion raised last year, and other companies like LG Electronics Inc. and Apollo Global Management Inc. are also considering IPOs in India. [Extracted from the article]

Billionbrains Garage Ventures Pvt. Ltd., the company behind Groww Invest Tech Pvt. Ltd., has reportedly selected JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. for a potential Mumbai IPO. The IPO could raise $750 million or more, with a valuation of $7 billion to $8 billion. Groww, founded in 2016, aims to facilitate investing in financial products and has over 50 million customers, with support from investors like Microsoft Corp. CEO Satya Nadella. India's IPO market has been active, with over $20 billion raised last year, making it the world's second-busiest market after the US. [Extracted from the article]

Zetwerk Pvt, an Indian manufacturing and logistics firm, has chosen banks for a potential $500 million IPO in Mumbai. The company has selected Axis Capital Ltd., Goldman Sachs Group Inc., and others as arrangers for the IPO, aiming for a valuation of around $5 billion. Zetwerk, backed by investors like Peak XV Partners and Lightspeed India Partners, facilitates connections between suppliers and customers in various industries. [Extracted from the article]

Vedanta Ltd. creditors are set to convene in February to finalize a plan to split the Indian mining conglomerate into five separate businesses, including aluminum, oil and gas, power, steel, and semiconductors. This restructuring aims to simplify the group's structure, improve valuation, and reduce debt. The plan, which was approved by 75% of secured lenders last year, requires another 75% creditor approval at the upcoming meeting. Vedanta's shares have seen a 50% increase in value over the past year, reaching a market value of approximately $19 billion. [Extracted from the article]

Apollo Global Management Inc. is reportedly exploring the possibility of launching an initial public offering (IPO) for Tenneco Inc.'s India business, potentially valuing it at $2 billion. The IPO, if pursued, could raise between $400 million to $500 million. This move follows a trend of companies listing their units in India, with more than $20 billion raised in IPOs in the country last year. Tenneco's recent sale of Öhlins Racing may help the company focus on core areas and reduce debt. [Extracted from the article]

India has emerged as a prominent market for initial public offerings (IPOs), surpassing its previous fundraising record in 2024. The country's strong economic growth has attracted global investors, leading to a surge in IPO activity. Female leaders in the industry emphasize the importance of talent retention and meritocracy in driving the ongoing boom. Mergers and acquisitions (M&A) are also on the rise, particularly in sectors like infrastructure and healthcare, with expectations of increased activity in 2025. [Extracted from the article]

Blackstone Inc. is reportedly the top bidder for a minority stake in Haldiram Snacks Pvt., with negotiations ongoing for a potential deal. The consortium, which includes Blackstone, GIC Pte, and Abu Dhabi Investment Authority, may pay around $1.6 billion for a 20% stake in Haldiram, valuing the company at about $8 billion. Haldiram, founded in the 1930s, offers a variety of food products and has been exploring different options for its business, including an IPO or majority stake sale. Other bidders, such as Temasek Holdings Pte, are also interested in a minority stake. [Extracted from the article]

Blackstone Inc. is reportedly the lead bidder for a minority stake in Haldiram Snacks Pvt., with negotiations ongoing for a potential deal. The consortium, which includes Blackstone, GIC Pte, and Abu Dhabi Investment Authority, may pay around $1.6 billion for a 20% stake in Haldiram, valuing the company at approximately $8 billion. Haldiram, founded in the 1930s in north India, offers a variety of food products and operates restaurants in and around Delhi. Other bidders are still interested, and discussions are ongoing with no final decisions made yet. [Extracted from the article]

LG Electronics Inc. is considering increasing the valuation of its Indian unit to $15 billion for a planned IPO in Mumbai next year. The company had initially aimed for a $13 billion valuation but is now exploring a higher figure based on feedback from analysts and investors. LG has filed a draft red herring prospectus with Indian regulators and is planning to sell up to 101.82 million shares in the IPO, which could raise between $1 billion to $1.5 billion. India has seen a strong year for share sales, with nearly $18 billion raised via IPOs in 2024. [Extracted from the article]

Carlyle Group Inc. is reportedly considering an initial public offering (IPO) of engineering services firm Quest Global Services Pte in India, potentially raising about $1 billion. The IPO market in India has been active this year, with significant funds raised, attracting global investors. Quest Global, with over 20,000 employees, offers engineering services in various industries globally and may redomicile to India as part of the potential deal. [Extracted from the article]

GIC Pte is working with JPMorgan Chase & Co. to explore options for selling its 50% stake in India's Greenko Energy Holdings, potentially one of the largest disposals in the country. The Singapore state investor is considering a full or partial sale, with interest already shown by investment funds and strategic firms. A sale could impact Greenko's credit ratings and bond spreads, but GIC may still decide against pursuing a deal. [Extracted from the article]

GIC Pte is working with JPMorgan Chase & Co. to explore options for selling its 50% stake in India's Greenko Energy Holdings, potentially one of the largest disposals in the country. The Singapore state investor is considering a full or partial sale, with interest already shown by investment funds and strategic firms. Greenko, with backers like ADIA and Orix Corp., may also raise funds for growth, reflecting increased dealmaking activity in India this year. [Extracted from the article]

Vodafone Group Plc is planning to raise up to $335 million by selling its remaining stake in Indus Towers Ltd in India. The telecommunications company aims to use some of the proceeds to reduce debt. This move is part of Vodafone's strategy to minimize exposure to underperforming markets. International companies have been taking advantage of India's strong stock markets this year to sell stakes in local subsidiaries, with secondary share sales reaching a record $25 billion. [Extracted from the article]

Vodafone Group Plc is selling its remaining stake in India's Indus Towers Ltd., amounting to 3% of the company's shares, to pay down debt. This decision is part of CEO Margherita Della Valle's strategy to reduce exposure to underperforming markets. The sale is in line with a trend of international companies capitalizing on India's strong stock markets, with record secondary share sales totaling $25 billion this year. Other multinational corporations, such as British American Tobacco Plc and Hyundai Motor Co., have also divested some of their Indian holdings. [Extracted from the article]

Carlyle Group Inc. is reportedly considering selling Trans Maldivian Airways Pvt., the world's largest seaplane operator, with the help of co-investors King Street Capital Management and Davidson Kempner Capital Management. The potential sale comes as travel to the Maldives is recovering post-Covid, leading to increased profits for TMA. The company operates a fleet of 65 seaplanes, providing transfer services to over 80 island resorts in the Maldives, and has been owned by private equity firms in recent years. No final decisions have been made regarding the sale. [Extracted from the article]

Blackstone Inc. has deepened its presence in India by agreeing to merge Quality Care India Ltd. with Aster DM Healthcare Ltd., creating one of the country's largest hospital chains valued at $5 billion. Blackstone will hold a 31% stake in the combined entity, while Aster founders will have a 24% stake. The deal is seen as a significant move in the Indian healthcare sector, reflecting the growing interest of global investors in the country's potential for growth. [Extracted from the article]

German car-parts maker Mahle GmbH is reportedly exploring the possibility of conducting an initial public offering (IPO) of its Indian business, aiming to tap into India's thriving markets. The IPO could potentially raise up to $400 million, with a target valuation of around $1 billion for the unit. This move aligns with a trend of foreign companies considering IPOs of their Indian operations, as India continues to be a lucrative market for listings. [Extracted from the article]

Aster DM Healthcare Ltd. is reportedly close to merging with Quality Care India Ltd., backed by Blackstone Inc., to form one of India's largest hospital chains. Shareholders of Aster are expected to own 57% of the combined entity, with Quality Care investors holding the remaining 43%. The merger would create a company with over 10,000 beds, enhancing profitability, growth potential, and cost savings. Founded in 1987 by Chairman Azad Moopen, Aster has expanded across the Gulf region and India, operating numerous hospitals, clinics, and pharmacies. [Extracted from the article]

Orkla ASA, a Norwegian company, is considering an initial public offering (IPO) of its Indian business that could potentially raise $400 million. The company may file for an IPO in Mumbai next quarter and is working with advisers on the potential share sale. Orkla owns India's MTR Foods and Eastern Condiments, and is assessing options to access the Indian capital market, with a conclusion expected in 2025. Foreign firms are listing their Indian units to take advantage of the country's rich valuations, with Orkla potentially joining this trend. [Extracted from the article]

Aster DM Healthcare Ltd. is reportedly close to merging with Quality Care India Ltd., backed by Blackstone Inc., to form one of India's largest hospital chains. Shareholders of Aster are expected to own 57% of the combined entity, with investors in Quality Care holding the remaining 43%. The merger, which would create a company with over 10,000 beds, aims to enhance profitability, growth potential, and cost savings. Founded in 1987 by Chairman Azad Moopen, Aster has expanded its operations in the Gulf region and India, with the recent separation of its Gulf and India businesses. [Extracted from the article]

Adani Enterprises Ltd. and Wilmar International Ltd. have reportedly postponed a planned sale of at least 12% of their Indian food venture due to US bribery charges against Gautam Adani. Adani Wilmar Ltd., a joint venture between the Adani Group and Wilmar, was set to begin the share sale to comply with local securities laws, but may seek an extension. The conglomerate faces repercussions following the indictment, with France's TotalEnergies SE also halting new investments until the situation is clarified. [Extracted from the article]

TPG Inc. is currently in advanced negotiations to acquire the Indian wind energy assets of Siemens Energy AG's Gamesa unit, according to sources familiar with the matter. TPG has reportedly outbid other competitors, with the potential transaction valuing the assets at over $300 million. While talks are ongoing and no final decisions have been reached, other interested parties, such as JSW Energy Ltd. and Inox Wind Ltd., are still in the running. Siemens Gamesa has been exploring the sale of its Indian assets, emphasizing the significance of the Indian market for its energy business. [Extracted from the article]

Edelweiss Financial Services Ltd. has enlisted Nomura Holdings Inc. to assist in selling a minority stake in its mutual fund business, aiming for a valuation of $700 million to $800 million. The potential sale has attracted interest from global asset managers, with Edelweiss considering various options and outcomes. The Indian mutual fund industry has seen significant growth, with Edelweiss's business holding around $16.8 billion in assets under management as of October. [Extracted from the article]

EQT AB is considering an initial public offering for Indira IVF in Mumbai that could raise $400 million, potentially valuing the IVF clinic operator at $2.5 billion. Indira IVF, founded in 1988, is India's largest provider of fertility services, with over 150 centers and 290 specialists. The fertility market in India is growing rapidly, with EQT highlighting the country's high infertility rates and underserved market compared to more developed countries. [Extracted from the article]

Edelweiss Financial Services Ltd. has enlisted Nomura Holdings Inc. to assist in selling a minority stake in its mutual fund business, aiming to divest 25% to 35% of the unit for a valuation of $700 million to $800 million. Potential buyers include global asset managers, with ongoing discussions and the possibility of changes in stake size and valuation. Edelweiss's mutual funds business, with assets of around $16.8 billion, has seen growth through organic means and acquisitions, including the purchase of JPMorgan Chase & Co.'s onshore mutual fund schemes in India in 2016. [Extracted from the article]

NTPC Green Energy Ltd., a clean energy subsidiary of state-backed NTPC Ltd., is considering an IPO with a valuation of about $12 billion, making it one of India's largest in the renewable energy industry. The company may price its shares at over 100 rupees ($1.18) each and aims to raise up to 100 billion rupees in the share sale. Investor interest in India's renewable energy sector is growing, with other companies like Waaree Energies Ltd. and ACME Solar Holdings Ltd. also planning IPOs. India's renewable energy sector has seen significant growth in the past decade, surpassing earlier expectations. [Extracted from the article]

Zetwerk Pvt Ltd., an Indian supply chain startup, is exploring fundraising options, including a potential initial public offering (IPO) in Mumbai, to raise up to $1 billion. The Bangalore-based company, supported by investors like Peak XV Partners and Lightspeed India Partners, is in talks with investment banks for the IPO, which could value the firm at several billion dollars. While details are subject to change, Zetwerk's technology platform facilitates connections between suppliers and customers in various industries. [Extracted from the article]

LG Electronics Inc. has added Axis Capital Ltd. to the banks arranging a potential IPO of its Indian unit in Mumbai. The company has selected the Indian bank as it moves forward with the share sale, aiming to raise $1 billion to $1.5 billion. India has become a hotspot for fundraising through equity capital markets, with LG Electronics India Pvt Ltd. potentially being valued at around $13 billion. Other companies like Swiggy Ltd., HDB Financial Services Ltd., and Carraro SpA are also undertaking Indian listings. [Extracted from the article]

Bankers in Asia are optimistic about a recovery in initial public offerings, with an increase in Chinese firms considering public flotations in Hong Kong. India has seen a record year in funds raised from share sales, while Tokyo's stock market has seen blockbuster deals. Despite challenges, such as increased volatility in Hong Kong's stock market and potential regulatory hurdles in China, there is a positive outlook for IPOs in the region. [Extracted from the article]

Chinese appliance manufacturer Haier Smart Home Co. is reportedly attracting interest from investors such as Temasek Holdings Pte, GIC Pte, and Mubadala Investment Co. for its Indian business. The potential deal, valued at $4 billion to $5 billion, could involve selling a minority stake in Haier Appliances (India) Pvt. Haier has seen growth in its Indian sales, expanding its retail network and capturing over 20% market share. Discussions are in the early stages, and Haier may choose not to proceed with a sale. [Extracted from the article]

KKR & Co. is reportedly considering selling a $750 million stake in JB Chemicals & Pharmaceuticals Ltd. through a block trade in the market. The US private equity firm may reduce its stake in the Indian-listed company to about 25% from the almost 54% it currently holds. JB Pharma, established in 1976, produces pharmaceuticals in various areas and exports its products to over 40 countries, including the US. [Extracted from the article]

Arohan Financial Services Ltd., a shadow bank in India that primarily serves financially underserved women, is delaying its initial public offering due to regulatory crackdowns on lending practices by the Reserve Bank of India. The RBI instructed Arohan and three other shadow lenders to halt new loans because of high interest rates and violations of microfinance loan rules. Arohan's flagship loan targets groups of women with interest rates of 24.25%, ranging from 25,000 to 100,000 rupees for 24-30 months. Other shadow lenders affected include Asirvad Micro Finance Ltd., DMI Finance Pvt., and Navi Finserv Ltd., with Navi Finserv backed by Sachin Bansal of Flipkart. [Extracted from the article]

BlackRock Inc., GIC Pte, and Capital Group are among the investors bidding to buy stock in Hyundai Motor India Ltd.'s $3.3 billion initial public offering (IPO). Baillie Gifford and FMR are also interested in participating in the offering. The anchor book for the IPO has been fully allocated, with half going to domestic institutions and the other half to international investors. The IPO is set to be the biggest ever in India and is expected to break records. The main books for the IPO will open next week, with shares scheduled to start trading on October 22. [Extracted from the article]

BlackRock Inc., GIC Pte, and Capital Group are among the investors bidding to buy stock in Hyundai Motor India Ltd.'s $3.3 billion initial public offering (IPO). The IPO has attracted interest from both local and international institutional investors. The anchor book for the IPO has been fully allocated, with half going to domestic institutions and the other half to international investors. The IPO is set to be the biggest ever in India and is scheduled to start trading on October 22nd. [Extracted from the article]

BlackRock Inc., GIC Pte, and Capital Group are among the investors bidding to buy stock in Hyundai Motor India Ltd.'s $3.3 billion initial public offering (IPO). Baillie Gifford and FMR are also interested in participating in the offering. The anchor book for the IPO has been fully allocated, with half going to domestic institutions and the other half to international investors. The IPO is set to be the biggest ever in India and is valued at about $19 billion. India's IPO market has been busy this year, with over 250 IPOs raising more than $9 billion. The main books for Hyundai Motor India's IPO will open next week, and trading is scheduled to start on October 22. [Extracted from the article]

BlackRock Inc., GIC Pte, and Capital Group are among the investors bidding to buy stock in Hyundai Motor India Ltd.'s $3.3 billion initial public offering (IPO). The IPO has attracted interest from both local and international institutional investors. The anchor book for the IPO has been fully allocated, with half going to domestic institutions and the other half to international investors. The IPO is set to be the biggest ever in India and is scheduled to start trading on October 22nd. [Extracted from the article]

Chennai Petroleum Corporation Ltd. is in discussions with banks to secure a 280 billion rupee ($3.3 billion) loan for the construction of a major oil refinery in southern India. The state-owned company has already received interest, and the State Bank of India will lead the transaction. The loan will support the development of a 9 million-ton-a-year oil processing plant in Tamil Nadu, with a total cost of approximately 330 billion rupees. Indian Oil Corp., the majority shareholder of Chennai Petroleum, is expanding its production to meet growing domestic demand. The project is expected to take 36 months to complete once approved by the federal government. [Extracted from the article]

GIC Pte, a Singaporean sovereign wealth fund, is reportedly considering selling its 50% stake in India's Greenko Energy Holdings for around $5 billion. The potential deal could value Greenko at approximately $10 billion. Prospective investors include infrastructure-focused funds, sovereign wealth funds, and other energy companies. However, GIC may decide not to pursue a sale. Greenko, which has other backers such as Abu Dhabi Investment Authority and Orix Corp., may also seek to raise funds for its growth. [Extracted from the article]

Hyundai Motor Co. is planning to have an initial public offering (IPO) for its India unit, seeking a valuation of $19 billion. The carmaker intends to sell a 17.5% stake in the business, potentially raising about $3.3 billion. The IPO is expected to take place in Mumbai on October 22, and a mix of foreign and local institutional investors have expressed preliminary interest in buying shares. The size, value, and timing of the offering may still change. This IPO could potentially be the largest share sale in India's history and one of Asia's biggest IPOs in recent years. [Extracted from the article]

Hyundai Motor Co. is planning to launch an initial public offering (IPO) for its India unit, seeking a valuation of $19 billion. The carmaker intends to sell a 17.5% stake in the business, potentially raising around $3.3 billion. The IPO is expected to take place in Mumbai on October 22, with a mix of foreign and local institutional investors expressing preliminary interest in buying shares. The size, value, and timing of the offering may still change. This IPO could become India's largest share sale and one of Asia's biggest IPOs in recent years. [Extracted from the article]

Temasek Holdings, a Singapore state investor, is in talks to purchase a minority stake of 10-15% in Haldiram Snacks, India's largest snack maker, in a deal that could value the company at around $11 billion. This investment could potentially lead to an initial public offering for Haldiram. Other potential bidders have also shown interest in the company. Temasek has been actively investing in India and has plans to commit billions more in the country. They typically target minority stakes and focus on areas such as digitization, consumption, and sustainable living. [Extracted from the article]

The National Stock Exchange of India (NSE) has seen its valuation double to $36 billion in the past four months, as investors anticipate an initial public offering (IPO) in early 2025. Unlisted shares in the world's largest derivative exchange have been in high demand, with prices ranging from 5,700 to 6,500 rupees ($68 to $78). The NSE's valuation is expected to increase further as IPO plans progress. The exchange recently received clearance from the Securities and Exchange Board of India for an IPO, after being accused of unfair market access nearly a decade ago. [Extracted from the article]

Nomura Holdings Inc. and Mizuho Financial Group Inc. are the leading bidders for a majority stake in Avendus Capital Pvt., one of India's largest investment banks. KKR & Co., the current owner of the stake, is seeking at least $400 million for its 63% stake. Other firms, including Carlyle Group Inc., have also expressed interest. Avendus management prefers a global asset manager or a group of family offices as new backers. Avendus is the only private equity-backed investment bank in India and is a sought-after target for bidders looking to tap into the country's hot market for initial public offerings and mergers. [Extracted from the article]

Deutsche Bank has hired Apurva Mazumder as head of mergers and acquisitions and its diversified industries group for India, as the German lender expands its investment banking business in the Asia Pacific region. Mazumder, who previously worked at Moelis & Co., brings over 25 years of investment banking and M&A experience to the role. India has seen a significant increase in dealmaking activity, with $9 billion raised through IPOs this year and a 28% increase in deals involving Indian companies. Deutsche Bank has been actively hiring in the APAC region to compete with Wall Street rivals and has been involved in deals across various markets in the region. [Extracted from the article]