JIO VISTA EQUITY PARTNERS DEAL
Tariff hikes, 5G monetisation moves hint Jio’s headed for IPO
Reliance Jio Infocomm is raising tariffs and monetising its 5G business, potentially leading to an IPO next year, with clarity expected at Reliance Industries' AGM. Valued at $133 billion, it could be India's largest IPO. Improved ARPU aims to attract investors. RIL, Meta, and Google are significant stakeholders. Financial improvements expected FY24-27. Bharti Airtel and BSE mentioned.
Vodafone Idea prefers stock as payment for Nokia and Ericsson bills
The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.
Law Firm SAM & Co’s Partners Iqbal Khan and Ambarish to Join JSA with 20-Member Team
Iqbal Khan and Ambarish from Shardul Amarchand Mangaldas & Co are moving to J Sagar Associates with their team. The move will enhance JSA's PE and M&A practice, as stated by Amit Kapur and Vivek K. Chandy.
Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co
Gautam Adani, chairman of the Adani Group, is reportedly looking into acquiring a stake in One97 Communications, the parent company of Paytm, according to sources cited by The Times of India. Paytm's founder and CEO, Vijay Shekhar Sharma, met with Adani in Ahmedabad to discuss the details of the potential deal.
Not engaged in any discussions: Paytm issues clarification on report claiming Adani in talks to acquire stake in company
One97 Communications responds to speculation of Adani Group chairman Gautam Adani considering acquiring a stake in Paytm's parent company. The company clarifies that no discussions are ongoing, emphasizing compliance with SEBI regulations.
Another Ambani vs Mittal battle? A look into Airtel's African empire
Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani's Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.
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Invesco plans to exit MF business in India
IIHL - the Mauritius-based investment company of the mobility-to-chemicals conglomerate that owns IndusInd Bank and Anil Ambani-promoted Reliance Capital, which it bought recently in a bankruptcy resolution - has valued Invesco Asset Management India at Rs 2,100-2,500 crore.
Mubadala plans big deals in India's healthcare space
Abu Dhabi's Mubadala Investment Company plans to expand in India's healthcare sector, seeking deals in the $200-500 million range. With a focus on pharmaceuticals, outsourced pharma services, and medtech, Mubadala aims to deploy capital meaningfully in India. This move aligns with Mubadala's strategy to generate sustainable financial returns. They have made significant investments globally and are now looking to expand their presence in India's healthcare landscape.
Reliance Jio IPO likely next year, when global PEs may exit investments
PE firms such as Vista Equity Partners, KKR, PIF, Silver Lake, L Catterton, General Atlantic and TPG had made investments in the domestic telecom operator in 2020.
Brookfield seals $2.5-billion all cash deal to acquire ATC India
The acquisition after months of negotiations marks the Boston-based independent tower company’s exit from India. ATC had informed the US Securities and Exchange Commission in February 2023 that it was exploring strategic alternatives, including the sale of an equity stake in its India operations, amid a challenging business environment.
Vista Equity Partners nears $4 billion buyout of fintech company EngageSmart: Report
Vista Equity Partners is close to a $4 billion deal to acquire payments software vendor EngageSmart , a sizable buyout at a time when many private-equity firms are sitting on the sidelines.
Jio Financial Services hits 5% upper circuit on likely block deal
The block deal reported by ET NOW is the second in a row and follows a deal on Tuesday which saw 0.8% equity changing hands. Jio Financial counter had hit 5% upper circuit reacting to the development.
Jio Financial Services shares jump over 2% on likely block deal
Since its addition to key indices on July 20 for a temporary period at a constant price of Rs 261.8, the stock has been on a losing spree and fallen in six out of seven trading sessions, excluding today's session. While the stock has fallen by over 20%, the market cap of the company has eroded by nearly 25,000 crore from Rs 1.61 lakh crore to Rs 1.36 lakh crore.
IBM to acquire software firm Apptio for $4.6 billion
IBM said on Monday it will acquire cloud software company Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation.
IBM nears $5 billion deal for software provider Apptio: Report
The Wall Street Journal reported that a deal between the companies could be completed over the weekend, adding that it was unclear whether the purchase price includes debt.
IBM in talks to buy software company Apptio for up to $5 billion
International Business Machines Corp (IBM) is in talks to buy software company Apptio as part of a deeper push into automation technology, according to people with knowledge of the matter. The parties are discussing a price in the range of $4.5 billion to $5 billion, said one of the people, who asked not to be identified discussing a private matter. Apptio is currently owned by private equity firm Vista Equity Partners.
Vodafone Idea disconnects some retail partners to save on costs
According to industry estimates, Vi has a pan-India network of 4-5 lakh retail touch points, like its peers Bharti Airtel and Reliance Jio. Majority of the retailers are multi-brand operators, which means they offer services for all the telecom firms. A few thousands are exclusive retailers of Vi, including some company-operated retail stores.
Akshay Tanna exits TPG to join KKR as its PE business head
Tanna (40) will be handling the entire spectrum of buyouts, control transactions, growth equity and even impact investments across sectors at the American private equity major. He will be reporting to Gaurav Trehan, KKR's India country head. The two firms were informed of the development on Monday. An official announcement is expected shortly.
Banking turmoil takes the leveraged out of the buyout
Four acquisitions of companies by private equity firms that were announced in the last two weeks were funded by debt that accounted for between 9% and 50% of the deal consideration, according to a Reuters review of regulatory filings. The remainder was equity checks by the private equity firms.
Thoma Bravo to buy Coupa Software for $6.15 billion amid tech slump
Coupa will get $81 per share under the deal, 30.5% higher than the stock's closing level on Friday and 77.2% above Nov. 22, when takeover interest in the company was first reported.
The outsourcing partner for private equity, hedge funds: How TresVista is helping financial giants with business strategy
Outsourcing is gaining momentum with PE, VC and hedge funds looking for third-party service providers to carry out certain functions. TresVista is looking to benefit from such trends.
Saudi Arabia's PIF to invest Rs 11,367 crore in Jio Platforms for 2.32% stake
With this investment, Jio Platforms has raised Rs 1,15,693.95 crore from leading global investors.
RIL on a deal spree, gets eighth cheque for Jio Platforms
Abu Dhabi Investment Authority to buy 1.16% stake for Rs 5,683.50 crore.
KKR to invest Rs 11,367 crore in Jio Platforms for 2.32% stake
Private equity firm KKR is set to invest the money in Jio Platforms for a 2.32% stake.
General Atlantic to invest Rs 6,598.38 crore in Jio Platforms
This will be fourth investment in Jio Platforms following those of Facebook, Silver Lake and Vista Equity Partners.
Significant advantages exist in Reliance-Aramco deal: Report
Aramco deal will allow Reliance to build financial muscle as it carves out space in omnichannel retail.
Mukesh Ambani isn't letting a lockdown derail his plans of tech-domination
Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion. And he isn't done yet.
Vista Equity Partners to invest Rs 11,367 crore in Jio platforms for 2.32% stake
PE firm Vista Equity to invest Rs 11,367 crore in Jio Platforms after Facebook and Silver Lake.
No correlation seen between Jio investments and chances of Aramco deal: Axis Securities
‘This deal will probably give Jio access to a lot of enterprise software providers’
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