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News on Medial
Motilal Oswal, promoters likely to pare stake in non-banking lender IKF Finance
Livemint
·
10m ago
Medial
Hyderabad-based non-bank lender, IKF Finance, is reportedly up for sale as investors and promoters seek to sell a controlling stake. The deal could value the company at $200-250 million. Motilal Oswal PE, a significant minority stakeholder in IKF Finance, is looking to exit, potentially leading to a majority stake being offered. The promoters are likely to cede control to incoming buyers due to the absence of a second-generation leadership. IKF Finance, founded in 1991, operates in commercial vehicles, construction equipment, and SME financing. Net profit and total income have shown growth in recent years.
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PE-backed IKF Finance raising fresh capital as valuation jumps, taps new investor
VCCircle
·
3m ago
Medial
IKF Finance Ltd, a non-bank lender supported by Motilal Oswal Alternates, is raising fresh capital in a new funding round aimed at increasing its valuation and introducing at least one new investor. Specializing in vehicle finance, IKF Finance's move to secure additional funding reflects its strategic expansion and growth efforts. Details of this fundraising plan indicate the firm's ongoing commitment to strengthening its financial position amidst a dynamic market environment.
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How did Motilal Oswal Alts’ second fund fare in exit as it backs NBFC from new vehicle?
VCCircle
·
2m ago
Medial
Motilal Oswal Alternates, part of the Motilal Oswal Group, exited an investment in a non-banking finance company (NBFC) from its second fund, held for a decade. The private equity firm then reinvested in the same lender through its fourth fund. The second fund, active for years, had previously exited three other companies. This strategy highlights Motilal Oswal Alternates' continued focus and belief in the potential of the financial sector.
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Motilal Oswal Alternates, TPG, others bet $160 mn on SK Finance
VCCircle
·
1y ago
Medial
Non-banking lender SK Finance has raised INR 1,328 crore ($160 million) in a new funding round. The round saw participation from new investors such as Motilal Oswal Alternates, along with existing backers including TPG Growth. The Jaipur-based shadow lender will use the capital infusion to bolster its brand, distribution, technology, and team. SK Finance primarily offers financing for used vehicles and loans to small and medium-sized enterprises.
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How Norwest, TPG stand to mint money as SK Finance eyes $1 bn valuation in IPO
VCCircle
·
1y ago
Medial
Non-banking lender SK Finance is preparing for an initial public offering (IPO) and is eyeing a valuation of $1 billion. The company recently concluded a pre-IPO funding round worth $160 million from new investors such as Motilal Oswal Alternates and existing backers including TPG Growth. With this IPO, both Norwest and TPG stand to make significant profits. SK Finance aims to raise additional capital to fuel its growth and expand its operations in the non-banking financial sector.
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Motilal Oswal Financial ropes in former Axis Cap exec to head investment banking
VCCircle
·
9m ago
Medial
Former Axis Capital executive, Kartik Juneja, has been appointed as the Managing Director of Motilal Oswal Financial Services' investment banking division. Motilal Oswal Financial Services is a diversified financial services company that also operates a private equity arm called Motilal Oswal Alternates. Juneja's appointment aims to strengthen and lead the company's investment banking services.
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Motilal Oswal fund pares stake in Zomato, Bandhan Core Equity Fund buys stake in Hi Tech Pipes
Money Control
·
1y ago
Medial
Motilal Oswal Mutual Fund has sold shares worth Rs 621.67 crore in Zomato, reducing its stake by 0.52 percent. On the other hand, Bandhan Core Equity Fund has acquired a 1.02 percent stake in Hi-Tech Pipes, while Ajay Kumar and Sons, the promoters of Hi-Tech Pipes, have sold a 1.75 percent ownership. In another deal, AG Dynamic Funds has sold a 1.67 percent stake in Vikas Lifecare.
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How was Bengaluru-based sweets maker valued in PE deal with MO Alts?
VCCircle
·
11m ago
Medial
Motilal Oswal Alternates (MO Alts), the private equity arm of Motilal Oswal Financial Services Ltd, has acquired a stake in a Bengaluru-based sweets maker, Lal Sweets Pvt Ltd. MO Alts purchased a significant minority stake in the company, indicating the rising interest in the food retailing sector.
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Motilal Oswal group evaluates sale of home finance arm
Livemint
·
6m ago
Medial
Motilal Oswal Group is considering selling its home finance arm, Motilal Oswal Home Finance, amid heightened deal activity in the affordable housing sector. Initially launched as Aspire Home Finance in 2014, the firm has faced asset quality challenges but has seen improvements recently. With investment bank Avendus Capital pursuing potential buyers, the move aligns with a broader trend of private equity interest in the affordable housing market, supported by urbanization and increasing migration to cities.
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Accion, Leapfrog minting money from India bet but IFC sitting on a loss
VCCircle
·
11m ago
Medial
Accion and Leapfrog Investments, global impact investors, are seeing significant returns on their investment in an Indian non-bank lender. However, the International Finance Corporation (IFC) is facing a loss. Alongside Accion and Leapfrog, other investors such as Eight Roads Ventures, Sumitomo Mitsui Banking Corporation, and alternative investment funds in India have also invested in the non-bank lender.
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Exclusive: Motilal Oswal invests in edtech-focused NBFC Auxilo
Entrackr
·
6m ago
Medial
Education-focused non-banking financial corporation (NBFC) Auxilo has raised Rs 50 crore in debt from Motilal Oswal. Auxilo allotted 5,000 Non-Convertible Debentures (NCDs) to Motilal Oswal Finvest Limited at a face value of Rs 1,00,000 each, aggregating to Rs 50 crore in Series I and Series II of 2,500 NCDs each. The Series I debentures have a tenure of 2 years with a rate of interest of 9.7% per annum while the Series II debentures carry 9.8% annual interest with a tenure of 3 years, according to the filing. Education-dedicated NBFC Auxilo Finserve provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization. Its educational loans include all the expenses related to the course including classroom expenditures, pre-visa approvals, air-fares, et al. Auxilo has raised over $100 million across equity and debt since its inception and it competes with well-funded firms such as Grayquest, Avanse Financial, Financepeer, Propelld, Leap Finance, and Eduvanz. Auxilo recorded a 100% year-on-year growth in its revenue to Rs 356 crore in FY24 from Rs 178 crore in FY23. On the back of strong growth, its bottom line jumped 2.68X to Rs 69.2 crore in the previous fiscal (FY24). This is the fourth recent investment by the Motilal Oswal Group in Indian startups.
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