SBI to acquire SBI CAPS subsidiary for Rs 708 cr
SVL which is in asset management and investment management has assets under management of Rs 33,055 crore at the end of December 2023.
Source: indiatimes.com
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Grapevine: Avanse Financial shortlists bankers ahead of IPO; GMR Airports raises debt
Mumbai-based Avanse Financial Services, backed by private equity major Warburg Pincus, Kedaara Capital and the International Finance Corporation (IFC), has shortlisted six bankers for its ......
Source: vccircle.com
bharti hexacom: Bharti Hexacom IPO likely to fetch centre ₹10,000 crore
Airtel has reportedly appointed a clutch of investment banks, including Axis Capital, SBI Caps, IIFL and ICICI Securities to start the IPO process. The listing is likely to be concluded by early-2024. Industry experts, though, said the government's expectations of raking in around Rs 10,000 crore from a potential divestment of its 30% stake in Bharti Hexacom is more than three times higher than an earlier valuation conducted by brokerage J M Financial some two years ago.
Source: indiatimes.com
Vidarbha Industries: CFM ARC raises offer for Vidarbha Industries
"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said a bank source. "CFM ARC has deposited the entire amount in two tranches by the end of the day."
Source: indiatimes.com
SBI to acquire 20% stake of SBI Caps in SBI Pension
The stake transfer would be subject to all regulatory approvals, SBI said in a regulatory filing.
Source: moneycontrol.com