Deals
The company had said on October 30 that the fundraise would bolster cash reserves.
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No systemic concerns in private credit, says Bain top executive
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Indian food delivery platform Swiggy okays up to $1b fundraise via QIP
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Singtel offloads about $1.2b stake in India's Bharti Airtel
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ID Digest: Global Atlantic backs Chandra Asri’s acquisition; Sari Murni buys Bibica
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TVS Motor divests $33m stake in Rapido to Accel India, Prosus
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Viewpoint: The coming of age of the Indian banking landscape
Singapore’s Lighthouse Canton secures $40m led by Peak XV
DEG mulls $50m loan to Vietnam’s leading sugar producer TTC Bien Hoa
Singtel now holds a 27.5% stake in Bharti Airtel, down from 31.4% in 2022.
Earlier, Swiggy had sold its 12% stake in the company for about $270m.
Analysis
This edition also looks at how ChrysCap’s $2.2b fund highlights India’s long-term PE story.
The transaction was first reported by DealStreetAsia in September.
Singtel unit Pastel holds a 8.32% stake in Bharti Airtel as of September 30.
Policy & Regulations
India’s 12 state-owned banks together hold assets totalling $1.95 trillion as of March.
India
French fund manager Amundi will sell a 3.7% stake via the IPO, which will likely be completed in 2026.
IPOs & Markets
Groww had raised $340m from anchor investors on Monday ahead of the public launch of its IPO.
Venture Capital
Veloce’s fund has already attracted commitments exceeding Rs 100 cr.
