General Atlantic Singapore Kh Pte Ltd on Thursday offloaded 16.60 lakh shares of hospital chain Krishna Institute of Medical Sciences Ltd (KIMS) for Rs 204 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), the shares were sold at an average price of Rs 1,230 apiece, valuing the transaction at Rs 204.18 crore. At the end of June quarter, General Atlantic Singapore Kh Pte Ltd owned 17.24 per cent stake in the company, as per data available with the bourse. Emerald Investments Ltd picked up 15,70,000 shares at the same price. KIMS shares closed 5.24 per cent higher at Rs 1,266.80 on NSE. In a separate transaction, TPG Dodla Dairy Holdings divested shares of dairy company Dodla Dairy Ltd for Rs 193 crore through open market transactions. TPG Dodla Dairy Holdings Pte Ltd sold 27,63,535 shares in four tranches on BSE and 10,40,000 shares on NSE, according to block deal data available with NSE and BSE. The share
General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer
Region's startups more attractive, says senior executive of company at World Economic Forum summit in Davos.
The sources added that BYJU'S has raised over $1.3 billion and the current round values it at about $8.2 billion
Mu Sigma was among the earliest players in the data analytics segment that was founded in 2004
KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms
Total funds raised by the digital insurer now stand at $450 million
The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment
Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million
With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion
Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds
From special court acquitting all accused in Babri demolition case to General Atlantic investing in Reliance Retail, Business Standard brings you top news of the evening
General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year
Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
Here are the top ten business headlines on Monday morning
This is the fourth such stake sale within a month and it values Jio Platforms at Rs 4.91 trillion on an equity basis and Rs 5.16 trillion on an enterprise-value basis
Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, in less than four weeks