Private Equity Firm

Vistara, SBI Card Launch Co-Branded Credit Cards: 10 Things To Know

Business | Edited by Anshul (with inputs from PTI) | Tuesday November 26, 2019

SBI Card and full-service carrier Vistara on Tuesday launched two premium co-branded cards- Club Vistara SBI Card and Club Vistara SBI Card PRIME. "The two variants of the ''Club Vistara SBI'' card come with several benefits and privileges, such as complimentary Club Vistara Silver/Base tier membership, welcome tickets on Vistara's domestic network...

Mahindra Acquires 55 Per Cent Stake In Ride-Hailing Firm Meru Cabs

Edited By Sameer Contractor | Sunday September 1, 2019

Mahindra & Mahindra will acquire a 55 per cent stake in radio taxi firm Meru Cabs, the company has announced in an exchange filing. The Indian auto giant will be making a primary investment of Rs. 103.5 crore by a fresh issue of shares in the company, in tranches. The final purchase price will be arrived at after making customary closing adjustmen...

SBI Credit Card Business Plans Rs 8,000-Crore IPO: Report

Business | Thomson Reuters | Thursday August 29, 2019

At the end of March 31, 2019, SBI Card, which is 74 per cent owned by SBI and 26 per cent by US private equity firm Carlyle Group, had total assets worth Rs 19,593 crore.

To Pay Off Debt, Coffee Day To Sell Bengaluru Tech Park To Blackstone

Business | Thomson Reuters | Wednesday August 14, 2019

Coffee Day said it entered a non-binding letter of intent with US-based private equity firm Blackstone for the sale.

RBI Panel For Rs 5,000 Crore Distressed Asset Fund For Small Enterprises

Business | Indo-Asian News Service | Tuesday June 25, 2019

RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.

Blackstone Chief Donates $188 Million To Oxford University

World News | Reuters | Wednesday June 19, 2019

The head of private equity firm Blackstone has pledged $188.37 million to Oxford University, the biggest single donation in its history, to fund a centre for humanities that would also house an institute to study the ethics of artificial intelligence

Scout24 Expresses Interest in eBay's Classifieds Business

Reuters | Monday March 25, 2019

Scout24 is itself the target of an EUR 5.7 billion ($6.4 billion) friendly takeover by private equity firms Hellman & Friedman and Blackstone amid churn in the classifieds sector as players seek scale.

Private Equity Firms Eye Bonanza In Residential Real Estate Space: Report

Business | Thomson Reuters | Friday February 15, 2019

The government announced a total tax rebate for individuals with annual income of up to 5 lakh rupees, and offered some tax incentives that would benefit both property developers and potential homebuyers.

Alphabet's Life Science Tech Unit Verily Raises $1 Billion From Investors

Reuters | Friday January 4, 2019

Verily, Alphabet's life sciences division, on Thursday announced a $1 billion investment round led by private equity firm Silver Lake.

Michael Kors Close To Buying Versace For $2 Billion: Report

Business | Tommaso Ebhardt, Sarah Syed and Robert Williams, Bloomberg | Tuesday September 25, 2018

Versace, known for its flamboyant style and Medusa-head logo, hired Chief Executive Officer Jonathan Akeroyd in 2016 from Alexander McQueen. The company had been working toward an initial public offering, though market conditions haven't allowed it to move ahead.

With Eye On India Consumer, Amazon Buys Stake In Supermarket Chain "More"

India News | Reuters | Friday September 21, 2018

Amazon and Indian private equity firm Samara Capital are making a joint investment that will give the online retail giant a stake in Indian supermarket chain More, the U.S. company said on Thursday.

Amazon, Samara Said to Buy India's 'More' Retail Chain for $580 Million

Reuters | Thursday September 20, 2018

Amazon.com and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned 'More' retail chain, CNBC TV18 reported.

BookMyShow Raises $100 Million in Series D Funding

Indo-Asian News Service | Wednesday July 18, 2018

BookMyShow on Wednesday said it has raised $100 million in Series D funding round led by private equity firm TPG Growth.

Toshiba Reportedly Eyeing Chip Unit Sale Cancellation if China Doesn't Give Approval by May

Reuters | Monday April 23, 2018

A consortium led by US private equity firm Bain Capital last year won a long and highly contentious battle for the memory chip unit.

180 Companies Hire All Students of This B-School In Just 2 Days Of Summer Placements

Business | Press Trust of India | Thursday November 2, 2017

At IIM Calcutta placement, five private equity firms and seven investment banking firms participated in the process and doled out offers to the students.