BYJU’S is in talks to negotiate the terms for its $1.2-billion loan, sources familiar with the matter told DealStreetAsia, as India’s most valuable edtech firm cracks under mounting losses and cost pressures. Despite being backed by marquee investors such as the Chan-Zuckerberg Initiative, Naspers, the Canada Pension Plan Investment Board (CPPIB), General Atlantic, Tencent, Sequoia… Continue reading BYJU’S in talks to negotiate terms for $1.2b loan amid mounting losses
Author: Deal Street Asia Online News
India’s top winemaker Sula Vineyards eyes $353m valuation in IPOWine has been gaining favour in India in the past few years.
Sula Vineyards is aiming for a valuation of up to 29.13 billion rupees ($353 million) in India’s first initial public offering by a pure wine maker, riding high on the rise in consumption since the pandemic in a country that prefers beer, whisky and country liquor. About 26.9 million shares will be sold for between 340-357 rupees in the IPO, with Sula raising 9.60 billion rupees, Chief Executive Rajeev Samant… Continue reading India’s top winemaker Sula Vineyards eyes $353m valuation in IPOWine has been gaining favour in India in the past few years.
India: Lodha Group’s Macrotech Developers plans $450m share sale
Indian real estate company Macrotech Developers Ltd, part of the Lodha group, plans to raise $450 million via a qualified institutional placement that will see its controlling family selling a stake of about 7%, two sources told Reuters. The proposed stake sale underscores a recent deal boom in Indian real estate, where prices are expected to rise steadily in the next few years, roughly… Continue reading India: Lodha Group’s Macrotech Developers plans $450m share sale
Indonesia plans IPOs for state energy firm Pertamina’s two units next year
Indonesia aims to launch initial public offerings for the upstream and geothermal units of state energy firm Pertamina next year to fund expansion, a senior government official told parliament on Wednesday. Pertamina Hulu Energi, the upstream unit of Pertamina, is expected to sell a 10% to 15% stake in an IPO next year and had conducted initial “sounding out” of potential investors, deputy state-owned enterprise minister Pahala Mansury told… Continue reading Indonesia plans IPOs for state energy firm Pertamina’s two units next year
Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
Blackstone Inc said redemptions from its $50-billion non-traded business development company reached its pre-set limit for the first time, but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last… Continue reading Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Moglix is in discussions to raise $100-150 million from new and existing investors, while Investcorp is close to leading a $45-million funding round in Wakefit, Mint reported. Kimera could lead Moglix’s round B2B e-commerce platform for manufacturing goods, Moglix, is in discussions to raise $100-150 million from new and existing investors in a fresh round… Continue reading India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Vietnam-based HDBank plans to raise $500m via convertible bondsIn 2020 and 2021, HDBank also issued convertible bonds worth $325 million.
Vietnamese commercial lender HDBank is seeking to raise $500 million via convertible bonds, and to increase its foreign ownership limit from 18% to 20%, according to a statement. The plan is subject to approval from the bank’s shareholders. The bank will use the proceeds from the issuance for its medium- and long-term capital needs, enhancing… Continue reading Vietnam-based HDBank plans to raise $500m via convertible bondsIn 2020 and 2021, HDBank also issued convertible bonds worth $325 million.
Partners Group to sell Australia’s CWP Renewables to Squadron Wind EnergyThe deal is reportedly worth more than $2.7m.
Global private equity major Partners Group announced that it has agreed to sell Australian wind farms company CWP Renewables to local energy firm Squadron Wind Energy Assets. The announcement did not provide financial details of the acquisition but an AFR report on Tuesday said the transaction is expected to be worth more than A$4 billion… Continue reading Partners Group to sell Australia’s CWP Renewables to Squadron Wind EnergyThe deal is reportedly worth more than $2.7m.
Vietnamese EV maker VinFast files for Nasdaq IPOVinFast will convert to a Singapore public limited company and will be known as VinFast Auto Ltd.
Vietnam-based electric-vehicle maker VinFast said on Tuesday that it has filed for an initial public offering in the United States and plans to list its ordinary shares on the Nasdaq under ticker symbol “VFS”. For the IPO, the company said it will convert to a Singapore public limited company and will be known as VinFast Auto Ltd, while the… Continue reading Vietnamese EV maker VinFast files for Nasdaq IPOVinFast will convert to a Singapore public limited company and will be known as VinFast Auto Ltd.
AXA IM Alts acquires 15 nursing homes in Japan for $163m
Global alternative investment manager AXA IM Alts has officially forayed into the Japanese care home market following its acquisition of a portfolio of 15 nursing homes in the country for €156 million (about $163 million). In a statement, AXA IM Alts said the transaction, which is its first in the sector in Japan, involves over… Continue reading AXA IM Alts acquires 15 nursing homes in Japan for $163m