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Indonesia's Indosat set to launch stake sale in $1 bln fibre business, sources say

Reuters · 1y ago

Indonesia's Indosat set to launch stake sale in $1 bln fibre business, sources say

Indonesia's Indosat Ooredoo Hutchison (IOH) is planning to sell a minority stake in its fibre business, possibly valuing it at over $1 billion. Interested parties include global infrastructure and financial investors, as well as strategic firms looking to expand their telecommunications business. The stake size has not been determined yet, and the sale may not proceed depending on market conditions. Citigroup has been hired to manage the sale. This move comes as digital infrastructure assets gain investor interest in Southeast Asia, with Indonesia's economy expected to grow by 5% this year.

Related News

Some Colonial Pipeline owners eye stake sales at $10 bln-plus company valuation, sources say

Livemint

Livemint · 1y ago

Some Colonial Pipeline owners eye stake sales at $10 bln-plus company valuation, sources say

Some owners of Colonial Pipeline, the largest fuel transportation system in the US, are considering selling their stakes, with the hopes of fetching a valuation of over $10 billion. This comes as the growing demand for pipeline capacity in the US raises the company's value. Canadian pension fund CDPQ has begun working on the sale of its 16.6% stake, while other major stakeholders, such as Shell, IFM Investors, and KKR, are also discussing the possibility of divesting. Potential buyers include infrastructure funds, public pension funds, and sovereign wealth funds.

Saudi state-owned firm SALIC to buy 44.6% in Olam Agri for $1.8 bn

VCCircle

VCCircle · 5m ago

Saudi state-owned firm SALIC to buy 44.6% in Olam Agri for $1.8 bn

Saudi state-owned SALIC is acquiring a 44.6% stake in Olam Agri, a Singapore-based firm, for $1.78 billion, valuing the business at $4 billion. This transaction will result in a significant gain for Olam Group and aligns with SALIC's strategy to diversify commodity sources. Following this deal and a previous 35% stake sale, Olam intends to list its ingredients business to unlock further value, while SALIC will gain eventual full control of Olam Agri.

Netsmart's owners explore a sale valuing it at $5 bln -sources

Reuters · 1y ago

Netsmart's owners explore a sale valuing it at $5 bln -sources

Private equity owners of healthcare software firm Netsmart Technologies are considering a sale of the company that could value it at over $5 billion, according to sources. Netsmart, owned by GI Partners and TA Associates, is working with investment banks Goldman Sachs and William Blair on the potential sale. The company expects to generate around $250 million in earnings this year. Potential buyers could include other private equity firms. Netsmart provides electronic health records services and software for telehealth services.

BlackRock slashes India's Byju's valuation by 95% to $1 bln

Reuters · 1y ago

BlackRock slashes India's Byju's valuation by 95% to $1 bln

BlackRock has reportedly reduced the value of its stake in Indian edtech startup Byju's to $1 billion from the previous $22 billion valuation. This marks another significant reduction in Byju's implied valuation by BlackRock, which owns less than 1% of the company. Earlier, Tech investor Prosus NV valued Byju's at under $3 billion. Byju's is currently facing challenges, including a notice from the Enforcement Directorate (ED) regarding alleged violations of foreign exchange laws.

Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report | Mint

Livemint

Livemint · 1y ago

Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report | Mint

Blackstone Inc. is reportedly set to bid around ₹40,000 crore for a 51% stake in Indian snack brand Haldiram's. The investment firm aims to enter India's thriving snack market and has increased its offer for the stake sale. If successful, the deal could value Haldiram's at ₹70,000 crore to ₹78,000 crore. Blackstone is expected to acquire a majority stake, controlling power, and a perpetual license for Haldiram's product business. The deal is pending finalization after resolving certain ownership and license issues.

Bankruptcy court orders liquidation of Future Retail as resolution eludes | Mint

Livemint

Livemint · 1y ago

Bankruptcy court orders liquidation of Future Retail as resolution eludes | Mint

Blackstone Inc. is reportedly set to bid around ₹40,000 crore for a 51% stake in Indian snack brand Haldiram's. The investment firm aims to enter India's thriving snack market and has increased its offer for the stake sale. If successful, the deal could value Haldiram's at ₹70,000 crore to ₹78,000 crore. Blackstone is expected to acquire a majority stake, controlling power, and a perpetual license for Haldiram's product business. The deal is pending finalization after resolving certain ownership and license issues.

Paytm to sell stake in Japan's PayPay to SoftBank for $250M

YourStory

YourStory · 8m ago

Paytm to sell stake in Japan's PayPay to SoftBank for $250M

Paytm, an Indian digital payments company, is set to sell its stake in PayPay, a Japanese payments company, to SoftBank for approximately $250 million. Paytm had earlier invested in PayPay in 2018 when it began as a joint venture between SoftBank and Yahoo Japan, with Paytm as a technology partner. The sale is expected to increase Paytm's cash balance as it focuses on its core business in India. This is the second major monetization by Paytm's parent company, One 97 Communications, this year following the sale of its entertainment ticketing business to Zomato.

Contract manufacturing firm Nash Industries weighs stake sale, hires banker

VCCircle

VCCircle · 4m ago

Contract manufacturing firm Nash Industries weighs stake sale, hires banker

Nash Industries India Pvt. Ltd, a Bengaluru-based contract manufacturing and engineering services company, plans to raise growth capital by selling a minority stake. The firm has entered the lithium-ion battery cell manufacturing sector via a subsidiary and has set up a factory in Bengaluru. They have hired a banker to assist with the stake sale process, indicating their strategic efforts to enhance investment and expansion in their new business venture.

India's Tata Technologies' IPO to open on Nov. 22

Reuters · 1y ago

India's Tata Technologies' IPO to open on Nov. 22

Indian company Tata Technologies will launch its initial public offering (IPO) on November 22, marking the first IPO from the Tata Group in nearly two decades. The IPO will consist of an offer for sale of 60.9 million shares, representing 15% of Tata Technologies' paid-up capital. Tata Motors, the parent company, will sell an 11.4% stake, whereas private equity firm Alpha TC Holdings and Tata Capital Growth Fund I will offload a 2.4% and 1.2% stake, respectively. The IPO is set to close on November 24.

'Not Exiting Sterling & Wilson', promoter says as stock crashes

Livemint

Livemint · 10m ago

'Not Exiting Sterling & Wilson', promoter says as stock crashes

- Sterling and Wilson Renewable Energy (SWRE) chairman Khurshed Daruvala clarified that his family is not exiting the company and the recent stake sale was to settle debt and fund an investment in Sterling & Wilson Data Centre. - The stake sale by Daruvala and Shapoorji Pallonji and Company Pvt. Ltd (SPCPL) caused a drop in SWRE's shares by nearly 8%. - Daruvala and his wife collectively own about 5.7% stake in SWRE, making it their largest family investment. - The stake sale was to fund an investment in Sterling & Wilson Data Centre, a company that acquired the data centre EPC business from Sterling and Wilson in a slump sale. - The sale of the data centre business by Sterling and Wilson (S&W) helped settle its debts and put an end to its debt crisis. - SWRE, which raised capital through stake sale to Reliance Industries and a qualified institutional placement, is expected to benefit from the government's focus on renewable energy and RIL's solar ambitions.

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