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Grapevine: Bain, Manappuram Finance, Hornbill, Dhan, Sedemac in news

VCCircle

VCCircle · 5m ago

Grapevine: Bain, Manappuram Finance, Hornbill, Dhan, Sedemac in news

Bain Capital is negotiating to acquire a controlling stake in Manappuram Finance Ltd. Concurrently, Hornbill Capital is looking to invest in the stock trading platform Dhan. Additionally, Sedemac Mechatronics is preparing for a public offering, as reported by separate media sources.

Related News

CCI okays Bain Capital's proposal to acquire stake in Manappuram Finance

Economic Times

Economic Times · 1m ago

CCI okays Bain Capital's proposal to acquire stake in Manappuram Finance

The Competition Commission of India approved Bain Capital's acquisition of a stake in Manappuram Finance. Bain, through BC Asia Investments affiliates, will obtain shares via private placement and purchase substantial shares from public shareholders. The transaction involves preferential allotment, equity warranties, and triggers an open offer under SEBI's takeover rules. Bain Capital will invest Rs 4,385 crore to acquire an 18% stake in Manappuram Finance, which primarily provides gold, vehicle, and MSME loans.

CCI clears Manipal Group's stake purchase in Aakash, Bain Capital's deal with Manappuram Finance

Economic Times

Economic Times · 1m ago

CCI clears Manipal Group's stake purchase in Aakash, Bain Capital's deal with Manappuram Finance

The Competition Commission of India (CCI) approved several transactions including Bain Capital's stake acquisition in Manappuram Finance and Asset Finance. Additionally, it approved the Manipal Group's purchase of a stake in Aakash Educational Services from its founder. Haldiram Snacks Food also saw less than a 10% stake acquisition by Alpha Wave Ventures. These approvals reflect growing investment activities in India, involving significant stakeholders like Bain Capital, Manipal Group, and Alpha Wave Global in diverse sectors.

Hornbill Capital submits $200 million bid to invest in Dhan at $1.25 billion valuation

Economic Times

Economic Times · 5m ago

Hornbill Capital submits $200 million bid to invest in Dhan at $1.25 billion valuation

Hornbill Capital, backed by Orchid Asia, has placed a $200 million bid to invest in stock trading platform Dhan at a $1.25 billion valuation. This bid is the largest among contenders in Dhan's funding talks, which also include ChrysCapital. Dhan, profitable and founded in 2021, competes with Groww and Zerodha. The investment round is expected to conclude in 30-40 days, potentially making Dhan India’s first unicorn of 2025.

Trading App ‘Dhan’ Could Become First Unicorn of 2025 With $200mn Funding Round

OutlookIndia

OutlookIndia · 5m ago

Trading App ‘Dhan’ Could Become First Unicorn of 2025 With $200mn Funding Round

Trading app Dhan is anticipated to become the first unicorn of 2025, with Hornbill Capital proposing a $200 million investment at a $1.25 billion pre-money valuation. Multiple firms are vying to fund Dhan, marking it as a highly sought-after deal. Previously achieving the tenth-largest stock broking app status in India by surpassing Paytm Money, Dhan's user base now exceeds 740,000. Dhan is owned by Raise Financial Services, founded in 2021.

Grapevine: ChrysCapital, WestBridge, Altimetrik, Emmvee in news

VCCircle

VCCircle · 2m ago

Grapevine: ChrysCapital, WestBridge, Altimetrik, Emmvee in news

ChrysCapital and WestBridge Capital are negotiating new deals, while TPG-owned Altimetrik plans to finalize an acquisition. Solar photovoltaic module manufacturer Emmvee is gearing up for an initial public offering. Additionally, ChrysCapital is in discussions to raise funds for Dhan, an online stock trading and investment platform. These developments reflect the active strategies and expansions among private equity firms and related companies in the investment and solar sectors.

Grapevine: MyTVS, Dhan, ChrysCapital, AG&P Pratham, Juniper Green in news

VCCircle

VCCircle · 6m ago

Grapevine: MyTVS, Dhan, ChrysCapital, AG&P Pratham, Juniper Green in news

Auto aftermarket services firm MyTVS and stock market investment platform Dhan are pursuing fresh funding rounds. Simultaneously, a Japanese consortium plans to increase its stake in city gas distributor AG&P Pratham. Additionally, Juniper Green Energy is gearing up for an initial public offering. These developments reflect ongoing investment activities and strategic expansions within these companies, as reported by various media sources.

Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing

VCCircle

VCCircle · 1y ago

Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing

UAE sovereign fund Mubadala is reportedly in talks to partner with Warburg Pincus for the purchase of a majority stake in Shriram Housing Finance, a subsidiary of Shriram Finance. Meanwhile, Brookfield Asset Management is considering listing Leela Palaces as it seeks to expand its hospitality business in India. Mubadala is said to be exploring multiple investment opportunities in the Indian market, while Warburg Pincus and Bain Capital are also contenders for the Shriram Housing Finance deal.

Grapevine: Haldiram's, Temasek, Peak XV, Sealink, Blackrock, Lendingkart in news

VCCircle

VCCircle · 9m ago

Grapevine: Haldiram's, Temasek, Peak XV, Sealink, Blackrock, Lendingkart in news

Private equity firms such as Bain Capital, Blackstone, KKR, SeaLink Capital, Singapore's Temasek, venture capital firm Peak XV Partners, and asset manager BlackRock were featured in multiple news reports. The promoters of Haldiram Snacks Food Pvt. Ltd are looking to sell only a portion of their stake. Other companies such as Premium Credit and Lendingkart also made headlines.

Grapevine: PhysicsWallah eye fresh funding; Zepto in talks with banks for IPO

VCCircle

VCCircle · 11m ago

Grapevine: PhysicsWallah eye fresh funding; Zepto in talks with banks for IPO

PhysicsWallah, an edtech firm, is reportedly in the final stages of securing a $150 million funding round led by Hornbill Orchid, an Asian hedge fund. This funding round will value PhysicsWallah at $2.8 billion. Lightspeed, a venture capital firm, will also be participating in the funding. In another news, Zepto, a fintech company, is reportedly in talks with banks for its upcoming initial public offering (IPO).

RBI fines Visa, Ola Financial and Manappuram for contravention of PPI, KYC rules

Economic Times

Economic Times · 1y ago

RBI fines Visa, Ola Financial and Manappuram for contravention of PPI, KYC rules

The Reserve Bank of India (RBI) has imposed monetary penalties on Ola Financial Services, Manappuram Finance, and Visa Worldwide for non-compliance with KYC norms and regulatory directions. Ola Financial Services was fined Rs 33.40 lakhs and Rs 54.15 lakh for KYC non-compliance and regulatory deficiencies respectively. Manappuram Finance was fined Rs 41.50 lakh for non-compliance. Visa was fined Rs 2.4 crore for implementing a payment authentication solution without RBI clearance. Compounding orders were also issued to Ola Financial Services and Visa for contravening provisions related to prepaid payment instruments and card not present transactions.

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