Bottomline: How PlasmaGen Bio plans to break its streak of revenue stagnancy
Bengaluru-based biopharmaceutical company PlasmaGen Biosciences Pvt. Ltd, backed by venture capital firm Eight Roads Ventures, is poised to break out from a stagnant revenue run-rate, as it shifts towards majority in-house manufacturing, top company officials informed VCCircle. While the company’s topline has been stuck in the range of Rs 100-110 crore ......
HDFC Bank to secure big-ticket loan to bolster women lending book
India’s largest private lender HDFC Bank is set to raise fresh debt from a marquee global private equity investor in a bid to support lending to women borrowers, as microloans to self-help groups (SHGs) and joint liability group enrolled under the bank’s sustainable livelihood initiative. The bank is on track to ......
Grapevine: Multiples PE eyes Ebco; GIC, ADIA join PE consortium for Haldiram deal
Indian private equity firm Multiples Asset Management is in advanced discussions to secure a controlling interest in furniture hardware company Ebco, a media report said. Should the negotiations conclude successfully, Multiples is poised to acquire a majority stake in the company, although other investors are also reportedly involved in the process, DealStreetAsia reported, citing ......
Samvardhana Motherson sweetens terms for European acquisition
Indian auto parts manufacturer Samvardhana Motherson International Ltd has acquired a French component maker for aircraft engines and medical devices on more favourable terms than planned before. Samvardhana Motherson, earlier known as Motherson Sumi Systems Ltd, had in October last year announced the acquisition of ADI Group. The deal included the ......
Bottomline: Oxyzo on its way to top $1 bn in AUM as financials soar
Private equity-backed Oxyzo Financial Services Ltd, the non-banking financial arm of B2B marketplace OfBusiness, is inching closer to the $1 billion AUM (assets under management) mark, even as the company continues to improve its other financial metrics in the financial year through March 2024. Oxyzo, which counts the likes of Alpha ......
Warburg Pincus to acquire mortgage lender in its largest India deal
Private equity firm Warburg Pincus has struck its single-largest deal in India since it began investing in the country more than two decades ago, VCCircle has gathered, as it agreed to acquire Shriram Housing Finance Ltd. The US-based growth-stage investor will acquire the mortgage lender from Mumbai-listed Shriram Finance Ltd and ......
I Squared Capital's smart metering firm bags another big-ticket contract
A company controlled by global private equity fund I Squared Capital has won a major contract to install smart electricity meters in the state of West Bengal. These meters are to be installed under an initiative of the Indian government to help cut losses of power distribution companies (discoms) in the ......
Spotlight: Ascent-backed Skanray needs to defy one-trick-pony act to get new investors
Mysore-based medical device manufacturer Skanray Technologies Pvt. Ltd recorded robust growth during FY21 amid a raging pandemic but has since struggled to shore up its dwindling finances. So much so that the ventilator maker, which is backed by private equity firm Ascent Capital and counts Strides Pharma founder Arun Kumar ......
Belkhayat-run Moroccan group raising equity from offshore investor for logistics arm
Moroccan family-owned group H&S Invest Holding, which operates in FMCG, logistics, pharmaceuticals, media communication, and real estate sectors, is likely to secure investment from a foreign investor for its logistics arm. The Casablanca-headquartered conglomerate, which also operates as Dislog Group, is set to secure equity capital for unit Building Logistics ......
How is Blackstone faring in its $240-mn India exit?
Private equity behemoth Blackstone, which hit the sell button on a clutch of portfolio companies last year, including auto parts maker Sona BLW Precision and Embassy Office Parks REIT, has generated a neat profit from a five-year-old bet in India. After leading its peers in monetising investments in India in 2023, Blackstone ......
