U.S-based short-seller Hindenburg Research said on Monday India’s securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may “barely come out above breakeven” on its trade. Hindenburg also said Kotak Bank, an Indian firm, created and oversaw an offshore fund structure that was used by… Continue reading Indian regulator writes to Hindenburg about Adani short bet
Author: Deal Street Asia Online News
People Digest: Advanced MedTech appoints new Group CEO; Ninja Van announces another round of layoffs
Temasek-backed medical device company Advanced MedTech Holdings has appointed a new CEO, while Ninja Van has announced another round of layoffs in Singapore. Advanced MedTech names Wong Yau Chung as Group CEO Temasek-backed medical device company Advanced MedTech Holdings has appointed Wong Yau Chung as group CEO-designate from July 1, 2024. He will take over… Continue reading People Digest: Advanced MedTech appoints new Group CEO; Ninja Van announces another round of layoffs
India-focused GEF secures $380m so far for latest Asia climate fundGEF is looking at raising $300-400m for the vehicle.
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Blackstone to sell Japanese supplement maker Alinamin to MBK for $2.2b: Nikkei
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion), a person with direct knowledge of the matter said on Tuesday. The deal is expected to be signed soon, said the person, who declined to be identified as… Continue reading Blackstone to sell Japanese supplement maker Alinamin to MBK for $2.2b: Nikkei
Data Vantage: BIOBOT Surgical, Sirion, ESQA, Tyme and GDMC in focus
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Indian retailer FirstCry gets regulatory nod for IPOIt first filed IPO papers with SEBI last December.
India’s market regulator, on Monday, approved baby products retailer FirstCry’s filing for an initial public offering at the second time of asking, after having raised doubts over certain aspects in the first submission. FirstCry, backed by Softbank, TPG and Mahindra and Mahindra, sells baby products such as clothes, diapers and toys, and is seeking to… Continue reading Indian retailer FirstCry gets regulatory nod for IPOIt first filed IPO papers with SEBI last December.
US pension fund commits $19.7m to EQT’s mid-market growth vehicleThe fund has invested in Malaysia’s Viewpoint Software, India’s Indium Software and J…
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The LP View: Asset allocators lean on direct deals, co-investments to garner better returns
More and more limited partners (LPs), betting big on India, are now coming forward to pick up stakes directly in companies, trying to replicate the windfall that some of the fund managers have been able to produce in the country over the past few years. Go to Source
Capsquare Asia Partners said to raise continuation fund to exit Indonesia’s Champ Resto
Indonesia-focused private equity firm Capsquare Asia Partners is considering raising a continuation fund to support the exit from IDX-listed restaurant operator PT Champ Resto Indonesia Tbk, multiple sources aware of the development told DealStreetAsia. Go to Source
Charticle: Independent VCs catch up as average cheque sizes of China’s CVCs shrink
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