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HealthKart also announced an employee ESOP buyback worth Rs 55 crore, the company's first liquidity event
The NSE has been planning an initial public offering but needs approval from the Securities and Exchange Board of India (SEBI)
According to media reports, Beige Ltd, an affiliate of private equity firm ChrysCapital, was looking to offload 2.90 per cent stake in the drugmaker through block deals
ChrysCapital bought a 5 per cent stake in NSE, one of the largest stock exchanges in the world, in 2016. The firm wants to keep its investment until the bourse goes public
Depending on how many investors opt in, ChrysCapital is expected to collect between $250 million and $300 million for the fund
The firm worked closely with ManKind Pharma and ran an internal cost reduction program which saved them close to Rs 100 crores
The latest investment brings Lenskart's total capital infusion to nearly $850 million within the past year
Sanjay Jalona, the former chief executive and managing director of Larsen & Toubro Infotech (LTI), will be joining private equity fund Chryscapital as an operating partner. In May, L&T had announced a merger of LTI and Mindtree, its group companies engaged in information technology services, to create the sixth biggest company in the sector by revenues. Mindtree's Debashis Chatterjee was named as the head of the combined entity, while Jalona, who headed the bigger of the two merging companies, moved out. Jalona will be the operating partner for the business services sector based in the US for the PE investor and work closely with the advisory team led by Akshat Babbar in sourcing, identifying, evaluating, management and exit related activities in relation to investments made in the sector, according to a statement. "...he will play an instrumental role in helping accelerate the growth for the fund's portfolio companies. ChrysCapital has ambitions of creating a far bigger ...
Sanjay Jalona will be based in the US, look after investments in the business services sector
Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India's fastest growing new-age beauty and personal care brands
Existing investors, Sequoia India & The Three Sisters Institutional Office (TTSIO) also participated in the current round
Names Sanjay Kukreja as its new chief investment officer and Ashley Menezes as the chief operating officer
GIC, CPPIB may co-invest in a deal that values company at $3.5 billion; deal may involve secondary sale of shares by promoters, who hold 89% stake