Bhavik Nair

Articles By Bhavik Nair

319 Articles

Azure Power Solar Energy likely to price its dollar bonds at 5.65 pct

The firm was looking to raise close to $350 million through the issue. Earlier during the day, the initial price target (IPT) on the bonds had come in at 6%, sources indicated.

Azure Power Solar Energy, Solar power, market news, ReNew Power, FPT, Power Finance Corporation, PFC, industry news

Azure Power Solar Energy to hold roadshows for issue of dollar bonds

Azure Power Solar Energy will hold roadshows from Tuesday for its proposed dollar bonds issuance through which the firm hopes to raise close to $350 million, sources in the know said.

Through the issuance, the firm hopes to raise close to $350 million News

Dollar drive: Overseas bond issuance from India cross $16 billion

The final size of the transaction was not clear but sources indicated PFC may raise a total of at least $750 million through the issues.

remittances, foreign currency, inward remittance, outward remittance, NRI, non-resident Indians News

Overseas bond issuances may cross $20 billion in 2019: Chetan Joshi, Head-Debt Capital Markets, HSBC India

The market was very dislocated last year with US bond yields on an upward march till November, and trade issues were flaring up.

Foreign currency bond issuances India, Chetan Joshi, head-debt capital markets at HSBC India, Indian FCY bond issuances, HSBC FCY bond, bond market, NBFC News

Fundraising: IRFC, ONGC explore dollar bond market to raise $1 billion

The IRFC issue is likely to be a “144A/Reg S” one so that US investors can participate along with investors from other regions, the persons said.

IRFC, ONGC, dollar bond market, US Treasury yield, Bond investors, dollar bond News

Task force against India banks’ overseas branches catering to rupee NDF market

The task force had indicated that the 2016 BIS survey (the next one will be released later in 2019) showed offshore trades in the rupee were more or less equal to deliverable onshore forwards; around $16 billion daily.

Task force, India bank, overseas bank, rupee, NDF market, banking news, industry news, US dollar News

Godrej fund’s final close of office development platform at $450 million

The fund has already secured two developments, one each in Mumbai and Gurgaon, totaling 2 million square feet.

Godrej Fund Management is the real estate private equity arm of the Godrej Group and is a wholly owned subsidiary of Godrej Investment Advisers. (Representational Image) News

RBI policy impact: Bonds see minor sell-offs as traders pare long positions

According to RBI governor Shaktikanta Das’ statement, the monetary policy committee judged that with inflation projected to remain within the target, addressing growth concerns by boosting aggregate demand, especially priva

Fund raising, rate cut, rbi rate cut, rbi credit flow, NBFCs, NCD market, stock market, share market, bses, sensex, RBI monetary policy, Rate cut, policy repo rate, Global growth, BCBS, inflation, global economic indicators, India’s banking sector News

Warburg Pincus acquires controlling stake in Avanse Financial Services

Private equity firm Warburg Pincus indicated on Wednesday it has completed acquiring a controlling equity stake of 80% in Avanse Financial Services, an education focused non-bank finance company (NBFC) that provides loans to

Industry News

Motilal Oswal Real estate raises Rs 1,000 crore for 4th fund

Motilal Oswal Real Estate (MORE) has raised close to Rs 1,000 crore for its fourth fund, and is actively seeking opportunities in the mid-market residential projects with large developers, which will include land acquisitions

Industry News

Drip Capital raises $25 million in Series B funding round

Its working capital offering to exporters is a credit line, which ranges from $100,000 to $2.5 million, depending on the exporter’s size and requirement.

Drip Capital, Series B funding, GC1 Ventures, electronic data, trade finance gap News

SmartE raises close to Rs 100 crore from Mitsui & Co

We also ended up building the EV charging infrastructure,” he said. Most of the rides undertaken by the firm are on under three-km routes.

Industry News

We are evaluating opportunities in the NBFC space: Sanjay Kukreja, partner and CIO, ChrysCapital

The company has outperformed quite significantly. It isn’t a domestic company. It is an export-oriented firm that serves the US healthcare market providing services like revenue cycle management, auditing, accounting etc.

Sanjay Kukreja, partner, CIO, ChrysCapital, Exide, industry news, ChrysCapital india, ChrysCapital news, Livguard, GeBBS Healthcare Solution, ChrysCapital GeBBS News

Dentsu Aegis acquires a majority stake in Ugam

Merkle is headquartered in Columbia, Maryland, and has 21 additional offices in the US and 33 offices in Europe and APAC. It has around 7,000 employees. In 2016, the agency joined the Dentsu Aegis Network.

Dentsu Aegis, Ugam, acquisition, Dentsu Aegis Network SEA, Happy Marketer Group, industry news

KSH Group in talks with Morgan Stanley, others for Pune asset sale

KSH Infra Industrial Parks is developing the assets on two land parcels in Chakan and Talegaon in Pune, measuring a total of 66 acres.

Industry News

Budget 2019: Lower fiscal gap target proposed by FM Sitharaman lifts bonds

Union Budget 2019 India: With the government deciding to consider offshore borrowing, investors think that this may help reduce the pressure on yields in the long run, although volatility remains a concern.

Union Budget 2019 India, Budget 2019-20 News

Union Budget 2019: Govt plans to raise part of its borrowing from overseas market

Govt is planning to raise part of its borrowing from overseas market in foreign currency

indian rupee, indian bonds, bond market, bonds, rupee, narendra modi, indian rupee, indian bonds, bond market, bonds, rupee, narendra modi, News

JM Baxi Group in talks with private equity investors for $200 million funding

JM Baxi is a logistics, services and transportation conglomerate and runs a number of businesses.

JM Baxi Group in talks with private equity investors for $200 million funding

JM Financial Fund II buys stake in co-living operator Isthara Parks

The quantum of stake acquired by the fund is not yet clear but sources in the know indicated it is a significant minority stake.

jm financial funs News

Japan’s Fuji Electric buys Chennai-based UPS maker Consul Neowatt

Tokyo-headquartered Fuji Electric is set to acquire power electronics manufacturer Consul Neowatt Power Solutions in a bid to expand its power electronics systems business in India.

Industry News

Avendus fund buys minority stake in Bikaji Foods International

In 2018, IIFL Special Opportunities Fund had acquired a minority stake in the company for Rs 251 crore through a mix of primary and secondary investments.

sebu, bikaji food international News

Private equity firm ADV Partners buys Tata DLT

Tata International and Sri Lanka-based Dutch Lanka Trailer Manufacturers (DLTM) are about to sell their 50-50 joint venture company Tata International DLT (Tata DLT) to Canyon Point Investment, a wholly-owned subsidiary of pr

Private equity firm ADV Partners buys Tata DLT (Website image) News

Mahindra Partners invests Rs 206.5 crore in NDCFS giving exit to Matrix Partners

As part of the transaction, the promoters have further invested Rs 20 crore. As a result, a total of Rs 226.50 crore has been invested by Mahindra Partners and the promoters of NDCFS in the transaction.

Mahindra Partners invests Rs 206.50 cr in NDCFS giving exit to Matrix Partners News

Jaslok Hospital to continue operations, no potential suitor yet

Mumbai-based Jaslok Hospital on Monday put all speculations to rest, regarding the takeover of its daily operations by potential suitors.

Industry News

JP Morgan invests in Global PayEx to improve payments in B2B space

Freepay is Global PayEx’s cloud-based platform and has been live for more than three years. The platform is fully automated and self-servicing, JP Morgan stated.

Industry News

Kinara Capital raises Rs 100 crore from private equity, impact investors

Kinara Capital, a non-banking finance company (NBFC) that lends to small businesses, has raised Rs 100 crore from private equity and impact investors including Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and P

Industry News

ESG platform ECube appoints Chandru Badrinarayanan as managing partner

Badrinarayanan, who was executive director and head of MSCI’s India business, spent more than six years developing its India business related to indexes, analytics and ESG. He was MSCI’s India country head till April 30 t

Industry News