EQUITY CAPITAL MARKETS
![Carlyle, CVC & Hillhouse in the fray for GeBBS](https://img.etimg.com/thumb/msid-111468058,width-100,height-75,resizemode-4/industry/banking/finance/carlyle-cvc-hillhouse-in-the-fray-for-gebbs.jpg)
Carlyle, CVC & Hillhouse in the fray for GeBBS
Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the development. The deal proposes to value the Los Angeles-based healthcare business process outsourcing firm at $800 million. The firms, shortlisted after the initial round, will submit a binding offer by mid-July, said one of the persons, who did not wish to be identified.
![Global firms buy PB Fintech stakes from early backers](https://img.etimg.com/thumb/msid-111438942,width-100,height-75,resizemode-4/tech/technology/global-firms-buy-pb-fintech-stakes-from-early-backers.jpg)
Global firms buy PB Fintech stakes from early backers
Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it went public.
![Tough to sustain GDP growth above 7.5%; time-wise correction in market likely: Neelkanth Mishra](https://img.etimg.com/thumb/msid-111427793,width-100,height-75,resizemode-4/markets/expert-view/tough-to-sustain-gdp-growth-above-7-5-time-wise-correction-in-market-likely-neelkanth-mishra.jpg)
Tough to sustain GDP growth above 7.5%; time-wise correction in market likely: Neelkanth Mishra
As mutual funds are sitting with Rs 1 lakh crore of cash, whenever there is a 4-5% drop from the peak, there is a spate of buying. So equities as an asset class are not seeing sharp drawdowns and in the short term make it safer to invest in and attract more funds. That is the cycle we are in, says Neelkanth Mishra.
![Rupee falls 9 paise to 83.43 against US dollar in early trade](https://img.etimg.com/thumb/msid-111395751,width-100,height-75,resizemode-4/markets/forex/forex-news/rupee-falls-9-paise-to-83-43-against-us-dollar-in-early-trade.jpg)
Rupee falls 9 paise to 83.43 against US dollar in early trade
The healthy expansion in infrastructure sectors' growth in May was driven by the production of coal, natural gas, and electricity, amidst rising crude oil prices impacting the rupee and positive equity market sentiment.
![Gujarat-based packaging equipment firm Mamata Machinery files IPO papers with Sebi](https://img.etimg.com/thumb/msid-111376725,width-100,height-75,resizemode-4/markets/ipos/fpos/gujarat-based-packaging-equipment-firm-mamata-machinery-files-ipo-papers-with-sebi.jpg)
Gujarat-based packaging equipment firm Mamata Machinery files IPO papers with Sebi
Packaging equipment manufacturer Mamata Machinery Ltd has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO). The Gujarat-based company's initial share sale is entirely an offer for sale (OFS) of 73.82 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP).
![FPIs invest Rs 26,565 crore in Indian equities in Jun](https://img.etimg.com/thumb/msid-111376460,width-100,height-75,resizemode-4/markets/stocks/news/fpis-invest-rs-26565-crore-in-indian-equities-in-jun.jpg)
FPIs invest Rs 26,565 crore in Indian equities in Jun
After two months of net outflow, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets.
US IPOs off to their best start in a while
Wall Street's equity capital markets see a resurgence with IPOs and equity offerings surpassing $20 billion in the first half of 2024, marking the strongest start since 2021. Enhanced investor engagement and favorable market conditions signal a potential bounce-back year, encouraging companies like Lineage to pursue significant listings amid balanced valuation discussions.
Sebi mulls relaxing some disclosure norms for listed firms
The Securities and Exchange Board of India (SEBI) is also evaluating giving listed companies more time to publicly disclose litigations or disputes that they are involved in, it said in a consultation paper published on Wednesday.
KKR seeks $20 billion for new North America buyout fund
KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it launched its predecessor fund of similar size.
Armee Infotech files papers to garner Rs 250 cr via IPO
IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO).
How mutual fund flows are making Dalal Street Aatmanirbhar
FIIs impact Indian capital markets, with mutual funds gaining prominence. SEBI's actions on P-Notes and rise of SIPs stabilize market. Prof Ghalke and Aditya Bharambe contribute to market insights.
Rupee recovers 3 paise to 83.58 against US dollar in early trade
Rupee trades 3 paise higher at 83.58 against the US dollar, supported by foreign capital and strong equity market sentiment.
Rupee rises 6 paise to 83.37 against US dollar in early trade
Rupee remains steady at 83.37 against the US dollar driven by various factors including foreign capital inflow, equity market performance, and positive economic indicators.
Paris stock market no longer Europe's biggest, top French firms lost over 10%
France lost its spot as Europe's biggest equity market after President Macron's snap election announcement caused a $258 billion market cap loss.
Hyundai Motor gearing up to drive into Indian capital market
Hyundai has hired several investment banks to manage the IPO and is targeting a valuation of $22-28 billion. The IPO could lead to a rerating of the Indian automobile sector and benefit Hyundai's closest rival, Maruti Suzuki.
FPIs take out Rs 14,800cr from equities in Jun on poll results, attractive Chinese stock valuations
Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks.
Rupee surges 38 paise to 83.04 against US dollar in early trade
The rupee strengthened to a three-month high of 83.04 against the US dollar on Monday, supported by positive sentiment in domestic equity markets fueled by strong macroeconomic data and exit poll results favoring PM Narendra Modi's government.
Markets optimistic but 'mistakenly euphoric', says Kotak Institutional Equities
Kotak Institutional Equities analyzes the Indian market's optimism and sector valuations, predicting market reactions to BJP and NDA outcomes with a focus on corrections in specific sectors and the stability of major indices.
Tata Capital Healthcare Fund invests $20 million in Orbicular Pharmaceutical Technologies
The specialty generics has a market size of $60 billion and is rapidly expanding, driven by increasing demand for cost-effective alternatives to complex and high-cost branded medications. “Under the able leadership of Dr. M.S. Mohan, Orbicular has developed a strong product pipeline for the regulated markets," said Visalakshi Chandramouli, managing partner, Tata Capital Healthcare Fund.
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