๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Blackstone trims stake in EPL for $220 mn as Indorama gets on board
VCCircle
ยท
6m ago
Medial
Blackstone is selling a 24.9% stake in EPL Ltd, an Indian packaging company, to Indorama Ventures' unit for around $220 million. This reduces Blackstone's stake from 51.45% to 26.55%. Indorama Netherlands can appoint a director to EPL's board. EPL, with 21 facilities globally, serves major brands in oral care, beauty, and pharmaceuticals. Blackstone initially acquired a 75% stake in EPL in 2019. Indorama Ventures is a leading global chemicals producer.
View Source
Related News
EPL shares: Blackstone's stake sale to Indorama positive for minority investors, says Nomura
Business Today
ยท
5m ago
Medial
Blackstone sold a 24.9% stake in EPL Ltd to Indorama Netherlands for Rs 1,908 crore, valuing the company at 29 times its FY24 EPS. Nomura views this positively for minority investors. Following the transaction, Blackstone retains a 26.55% stake in EPL. Nomura India has set a stock target of Rs 325 for EPL, suggesting potential investment growth. This strategic sale aligns with positive market expectations for EPL's future performance.
View Source
Grapevine: Dunzo, HUL, Minimalist, Zepto, Blackstone, and EPL in news
VCCircle
ยท
7m ago
Medial
Dunzo is reportedly facing a possible distress sale, with media reports indicating that Hindustan Unilever is eyeing the acquisition of Minimalist, backed by Peak XV. Meanwhile, Zepto is gearing up for a stock market listing. Additionally, Blackstone is seeking an adviser to facilitate the sale of its stake in EPL. These developments highlight significant strategic movements among these companies as they navigate challenges and opportunities in their respective industries.
View Source
Blackstone-backed Ventive Hospitality trims IPO size, targets $1.77 bn valuation
VCCircle
ยท
8m ago
Medial
Blackstone-backed Ventive Hospitality has adjusted the size of its initial public offering (IPO) as it aims for a valuation of $1.77 billion. The IPO will make Ventive Hospitality the fourth-largest hotel chain in India based on market capitalization. The offering, which features only newly issued shares, is set to open on Friday and is supported by private equity firm Blackstone.
View Source
BYJUโS Gets $300 Mn Commitment In Ongoing Rights Issue
Inc42
ยท
1y ago
Medial
Parent company Think and Learn, which owns edtech giant BYJU'S, has secured a commitment of $300 million from investors for its ongoing rights issue. The rights issue aims to raise $200 million through equity rights, valuing BYJU'S at $220-250 million. Negotiations are taking place with unhappy investors to encourage their participation in the rights issue. BYJU'S also plans to appoint two independent directors to its board after finalizing its financial results for fiscal year 2023. The troubled edtech firm has faced losses, business model challenges, and conflicts with investors in recent years.
View Source
Blackstone buys $134-mn stake in Kolte-Patil Developers, enters housing market
VCCircle
ยท
5m ago
Medial
Blackstone, a major US-based investment firm, has acquired a 40% stake in Pune's Kolte-Patil Developers for $134 million (Rs 1,167 crore). This deal involves a 14.3% stake via a preferential allotment and 25.7% from the promoters. Blackstone will also offer to buy 26% from public shareholders. This acquisition marks Blackstone's entry into Indiaโs residential real estate market, complementing its existing investments in office properties, warehousing, and shopping malls.
View Source
ideaForge investor gets 570% returns, invests in 2nd drone startup
Inshorts
ยท
2y ago
Medial
Florintree Advisors, led by former Blackstone dealmaker Mathew Cyriac and the largest single investor in ideaForge, has invested โน20 crore in the drone startup BotLab. This investment comes after Florintree gained a 570% return on its investment in ideaForge. With an 11% stake in ideaForge, Florintree now holds a 15% stake in BotLab, valuing it at approximately โน120 crore. Cyriac mentioned that they assessed around 15 drone makers before making this investment.
View Source
Edtech giant Byju's rights issue gets $300 million commitment: Report
IndianStartupNews
ยท
1y ago
Medial
Edtech company Byju's has seen a commitment of $300 million from investors for its rights issue, surpassing the initial target of $200 million. Despite a drop in valuation from $22 billion to $220-250 million, the company has received significant funding. To address investor concerns, Byju's has proposed appointing two independent directors to its board, aiming to enhance transparency. However, a group of investors has called for an Extraordinary General Meeting (EGM) to discuss concerns over governance, financial mismanagement, and board restructuring. Byju's plans to use the funds for various purposes amidst ongoing challenges.
View Source
Blackstone-backed Nexus Select to acquire Bengaluru mall for over $100 mn
VCCircle
ยท
10m ago
Medial
Nexus Select, a retail real estate investment trust (REIT) backed by Blackstone, has announced plans to acquire Vega City Mall in Bengaluru for a cash consideration of up to $104.4 million. The acquisition will help Nexus Select expand its presence in the city and is expected to be completed by October 22. Nexus Select currently has 17 retail real estate assets across 14 cities in India and had recorded Rs 3,000 crore of tenant sales and 97.4% retail portfolio occupancy as of June 2024. Blackstone retains a 23% stake in Nexus Select, currently worth Rs 4,658 crore.
View Source
Blackstone weighs VFS stake sale; foreign bank seen scouting for buyers
VCCircle
ยท
11m ago
Medial
Global private equity firm Blackstone is reportedly considering selling its stake in visa processing company VFS Global. An investment bank is said to be looking for potential buyers for the business. Blackstone acquired a majority stake in VFS Global in 2018.
View Source
Blackstone sells Mphasis tranche in early Monday trade
Livemint
ยท
1y ago
Medial
Blackstone has sold a 15.6% stake in Mphasis Ltd, amounting to 29.5 million shares, for approximately โน7,066 crore. This is the second time Blackstone has sold Mphasis shares, after initially acquiring a majority stake in the company in 2016. The shares were sold through a block deal early on 10 June. Mphasis is an IT services company based in Bengaluru, India.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in