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Bharti Enterprises to invest Rs 313 cr in Eutelsat under fresh capital raise plan

Economic Times

Economic Times · 9m ago

Bharti Enterprises to invest Rs 313 cr in Eutelsat under fresh capital raise plan

Bharti Enterprise's space venture will invest €31.4 million in Eutelsat's €1.35 billion capital raising plan to reduce debt and expand satellite constellations. The French government will invest €526.4 million in Eutelsat, becoming the largest shareholder with a 29.99% stake, while Bharti Space will own 18.7%. Other investors include CMA CGM and FSP. Eutelsat plans a 10-year agreement with France's Ministry of the Armed Forces to enhance military and civilian satellite resources.

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Bharti Space To Invest Additional INR 1,204 Cr In Eutelsat

Inc42 · 8m ago

Bharti Space To Invest Additional INR 1,204 Cr In Eutelsat

Bharti Space Limited, part of Bharti Enterprises, plans to invest an additional €120 million (around INR 1,204 crore) in the French satellite operator, Eutelsat. This investment supplements a prior commitment of €30 million, increasing Bharti's contribution as part of Eutelsat’s larger €1.5 billion rights issue. Following this deal, Bharti Space's shareholding in Eutelsat will reduce from 24.09% to 17.88%, aligning with the UK government’s participation in the fundraising effort.

Bharti-backed Eutelsat Group lists on London Stock Exchange

Livemint

Livemint · 2y ago

Bharti-backed Eutelsat Group lists on London Stock Exchange

Bharti Enterprises-backed Eutelsat Group has listed its shares on the London Stock Exchange (LSE). This move comes after the completion of the merger between Eutelsat Communications and OneWeb, in which Bharti Enterprises has a stake. The newly-formed Eutelsat Group, with OneWeb holding a 50% stake, will be listed on the LSE. Bharti Enterprises will be the largest shareholder in the entity, with Sunil Bharti Mittal serving as co-chairperson. The combined entity offers satellite services through a combination of geostationary earth orbit (GEO) and low-Earth orbit (LEO) satellites.

Elevation Capital raises Wakefit stake in run-up to IPO; buys Rs 32 crore employee shares - The Economic Times

Economic Times

Economic Times · 8m ago

Elevation Capital raises Wakefit stake in run-up to IPO; buys Rs 32 crore employee shares - The Economic Times

Elevation Capital increased its stake in Wakefit by purchasing shares worth Rs 32.5 crore from current and former employees, as the company prepares for an IPO. The shares were bought at Rs 1,600 each, alloted under Wakefit's 2019 employee stock option plan. Wakefit, which filed its draft red herring prospectus, plans to raise Rs 468 crore through fresh capital. Elevation Capital chose not to participate in the offer-for-sale component of the IPO.

OneWeb set to offer services in India soon as Eutelsat-OneWeb merger finalised

Livemint

Livemint · 2y ago

OneWeb set to offer services in India soon as Eutelsat-OneWeb merger finalised

Eutelsat Communications SA and OneWeb have completed an all-share merger, creating Eutelsat Group with OneWeb as its subsidiary. Bharti Enterprises will be the largest shareholder. The merged entity, headquartered in Paris, aims to provide broadband connectivity globally, especially in countries that lack digital infrastructure. The launch of services in India is pending the government's decision on spectrum allocation. The combined GEO-LEO service will offer integrated connectivity services and is projected to achieve significant revenue growth by 2027.

Meesho files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 8m ago

Meesho files confidential prospectus for its IPO - The Economic Times

Ecommerce platform Meesho has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) to raise around Rs 4,250 crore ($500 million). The filing, done under Sebi’s pre-filing route, permits companies to keep prospectus details confidential. Meesho’s shareholders recently approved the IPO plan, seeking fresh capital to support the company’s growth and expansion strategies.

Manipal, Fortis in talks to raise Rs 5,000 cr for Sahyadri Hospitals bid

Economic Times

Economic Times · 9m ago

Manipal, Fortis in talks to raise Rs 5,000 cr for Sahyadri Hospitals bid

Manipal Health Enterprises and Fortis Healthcare are in discussions with foreign lenders to raise up to Rs 5,000 crore for bidding on Sahyadri Hospitals, a multispecialty hospital chain. Ontario Teachers' Pension Plan (OTPP), owning a 98.9% stake in Sahyadri, is selling it less than three years after acquiring control from Everstone Capital. Sahyadri operates 11 hospitals across Maharashtra and is a prominent entity in the ongoing consolidation of India's hospital sector.

Bharti Enterprises exits Del Monte India as Agro Tech Foods takes over

YourStory

YourStory · 1y ago

Bharti Enterprises exits Del Monte India as Agro Tech Foods takes over

Agro Tech Foods, backed by Samara Capital, is set to acquire Del Monte India's operations from Bharti Enterprises, transforming Del Monte Foods Pvt Ltd into its wholly-owned subsidiary. This acquisition involves a significant share distribution, with Bharti and DMPL India receiving stakes in Agro Tech Foods. Sunil Bharti Mittal's Bharti Enterprises is exiting its joint venture established with Del Monte Pacific in 2004. Following the $1,300 crore share-swap deal's completion, Bharti becomes Agro Tech’s second-largest shareholder.

Kedaara-backed Veritas Finance receives SEBI approval for IPO

VCCircle

VCCircle · 10m ago

Kedaara-backed Veritas Finance receives SEBI approval for IPO

Veritas Finance, backed by Kedaara Capital and Norwest Venture Partners, has received SEBI approval for its IPO, aiming to raise Rs 2,800 crore. The IPO includes a fresh issue of shares worth Rs 600 crore and an offer for sale by existing shareholders of Rs 2,200 crore. Norwest, Kedaara, BII, Lok Capital, and Growth Catalyst plan to sell part of their holdings. Other shareholders such as Multiples PE and IFC are not participating in the IPO.

Exclusive: Captain Fresh to raise Rs 120 Cr in equity round led by founder

Entrackr

Entrackr · 11d ago

Exclusive: Captain Fresh to raise Rs 120 Cr in equity round led by founder

Exclusive: Captain Fresh to raise Rs 120 Cr in equity round led by founder Soon after withdrawing its draft papers for an initial public offering (IPO) to close an acquisition, global packaged seafood company Captain Fresh is raising Rs 120 crore (around $13.3 million) in an equity round led by its founder and CEO, Utham Gowda, two sources aware of the development told Entrackr. “The fresh capital infusion is aimed at increasing the promoter’s stake in the company, with Gowda investing a significant portion of the round through personal funds,” said one of the sources requesting anonymity. Gowda, who currently holds around 17% stake in the company, will see his shareholding rise to nearly 19% following the investment, as per sources. “Gowda will invest around Rs 100 crore through his entity Tigerlily Properties, while the remaining capital will be infused by investors, including Avanti Feeds, Veer Growth Fund, and others,” said the second source who also requested anonymity as discussions are private. The development also comes shortly after the Bengaluru-based company secured Rs 290 crore in sustainability-linked financing from global impact investor Blue Earth Capital. Founded in 2020 by Gowda, Captain Fresh operates a tech-led B2B supply chain platform for packaged seafood, with operations spanning India, the Middle East, Europe, and the US. The company was earlier planning to raise Rs 1,700 crore through a fresh issue as part of its IPO, which Entrackr had reported exclusively. Ahead of the planned listing, Captain Fresh had also secured Rs 250 crore in pre-IPO funding led by existing investors Prosus Ventures, Accel, and Tiger Global. However, Captain Fresh recently withdrew its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI). The company clarified that its original IPO roadmap remains unchanged and that it will proceed with a fresh filing after completing an ongoing acquisition. For the fiscal year ended March 2025, Captain Fresh reported a 145% jump in gross merchandise value (GMV) to Rs 3,421 crore, led by recent acquisitions including US-based seafood importer CenSea, France-based Senecrus, and Poland-based salmon company Koral.

Augmont Enterprises files DRHP with Sebi to raise Rs 800 crore via IPO

Economic Times

Economic Times · 5m ago

Augmont Enterprises files DRHP with Sebi to raise Rs 800 crore via IPO

Augmont Enterprises is planning to raise Rs 800 crore through an initial public offering (IPO) to fund working capital needs and expand its gold-silver business across India. The IPO will include a fresh issue of shares worth Rs 620 crore and an offer for sale of Rs 180 crore. The company, operating in gold and silver value chain segments, partners with prominent jewellers and serves customers through significant retail and digital channels.

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