Global Investors

Canadian pension fund arm co-leads $180 mn investment in India's Mintifi

A Canadian pension fund arm on Tuesday announced that it has co-led in a USD 180 million funding round in Indian supply chain finance platform Mintifi. Ontario Teachers' Pension Plan's arm Teachers' Venture Growth and South Africa's Prosus have co-led the Series E investment into the city-based Mintifi, as per a statement. Premji Invest also participated in the funding round, which includes both primary and secondary transactions, the statement said. Canadian investors, especially pension funds, have been present in India for many years and have backed a slew of entities and projects for handsome returns. The fresh funding will deepen the company's presence across key sectors and consolidate its market leadership in the downstream supply chain financing space, it said. The company, which works with entities such as Asian Paints, Varun Beverages, Parle Products, Honda, Shree Cement, TVS and Castrol, will use the funds to expand on its new offerings, including dealer management syst

MapmyIndia parent scraps plan to invest in outgoing CEO's firm, shares rise

MapmyIndia powers Apple Inc's maps in the country and garners 99 per cent of its revenue from providing map-related services to other businesses

K'taka minister Patil discusses investment prospects with German companies

As part of the global roadshow for 'Invest Karnataka 2025' drive, Minister M B Patil-led a high-level delegation has visited Germany to promote the state as a premier investment destination, officials said on Saturday. The visit was aimed at strengthening Karnataka's international economic ties and attracting global investments across key sectors, they said. A statement shared by the Minister's office said that the delegation visited a manufacturing facility of Index-Werke, a global leader in CNC (Computerised Numerical Control) machining. The company provided a detailed overview of its operations and showcased flagship products, including a 64-axis CNC machine. Highlighting Karnataka's strong machine tool ecosystem, which commands a 52 per cent market share in India, Patil has urged Index-Werke to establish a manufacturing facility in the state. The Minister for Large and Medium Industries also emphasised the opportunities offered by Karnataka's Tumakuru Machine Tool Park (TMTP) a

Israel sees record-breaking $10.5 billion in startup acquisitions

This comes amid ongoing economic troubles in Europe and the US and as Israel faces an ongoing, multi- front war

K'taka minister MB Patil discusses investment prospects with UK companies

Karnataka Minister for Large and Medium Industries M B Patil on Saturday engaged with top global companies in the United Kingdom during a roadshow held to highlight Karnataka's investment potential across the aerospace and defense, automotive, and education sectors, officials said. As part of the 'Invest Karnataka 2025' roadshow, Patil, who is currently in London, invited leading organisations, emphasising Karnataka's robust infrastructure, business-friendly environment, and forward-thinking initiatives such as the Knowledge, Wellbeing, and Innovation (KWIN) City project. During a meeting with the Rolls Royce Group, the Minister showcased Karnataka's thriving aerospace and defence ecosystem, focusing on composite manufacturing. A detailed presentation highlighted the state's ease of doing business and attractive incentives, which received positive feedback from Rolls Royce's leadership. Discussions focused on Karnataka's strategic role in the company's future India investment plans,

Adani wipeout will hurt sentiment, not long-term outlook: Global investors

Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place

Godrej Properties launches Rs 6,000 crore QIP to fund growth plans

Godrej Properties on Wednesday launched its qualified institutional placement (QIP) to sell equity shares to investors for raising up to Rs 6,000 crore to fund its growth plan. Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing, Godrej Properties informed that the QIP Placement Committee authorized the opening of the issue on November 27, 2024. The panel also approved the floor price for the QIP issue, being Rs 2,727.44 per equity share. Godrej Properties' share price closed at Rs 2,833.05 apiece on Wednesday, down 2.35 per cent from Tuesday. The company is one of the leading developers in the country. It has a major presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru. It has entered into Hyderabad market recently. In the last fiscal, the company's sales booking jumped 84 per cent to a record Rs 22,527 crore, the highest among listed realty firms in 2023-24. Godrej Properties ha

Over 90% Indian businesses raised sustainability funds over last yr: Report

There has been a notable rise in investment in sustainability over the last one year with 91 per cent CXOs interviewed reporting an increase, indicating that climate action drives value creation and is central to the company's overall business strategy, according to a report released on Wednesday. Indian CXOs have significantly ramped up sustainability investments, with 91 per cent reporting an increase over the last year despite challenges such as a lack of sustainable solutions, senior leadership buy-in and difficulty measuring environmental impact, according to the Deloitte CXO Sustainability Report. This increase is driven by growing concerns over climate change, with 87 per cent of Indian CXOs feeling concerned about it most of the time, it added. Deloitte's 2024 CXO Sustainability Report (India) surveyed over 157 executives nationwide on their views and strategies related to sustainability and climate change. The report further revealed that climate change is the top priority

Vedanta Resources raises $800 mn from global investors via new bond issue

UK-based Vedanta Resources, the parent of India's Vedanta, has raised USD 800 million from global investors through a new bond issue. The proceeds will be used to prepay the company's outstanding debt due in 2028. Vedanta Resources Finance II PLC (VRF) said in a Singapore exchange filing that it has raised USD 800 million by issuing new bonds. The issue comprises two tranches of bonds -- one with an aggregate principal amount of USD 300 million of 10.25 per cent bonds due in 2028 and the other involving an aggregate principal amount of USD 500 million of 11.25 per cent bonds due in 2031. The bids were received from existing as well as new set of investors across Asia Pacific, Europe, the Middle East and Africa (EMEA), and the US with more than 90 per cent participation from asset/fund managers across both tranches. As per VRF's stock exchange notification, the final allocation of the bonds includes 32 per cent from Asia, 36 per cent from EMEA, and 32 per cent from US for the bonds

Sebi to auction 17 properties of KBCL on Dec 23 to recover illegal money

Capital markets regulator Sebi will auction 17 properties of KBCL India Ltd on December 23 to recover money illegally collected from investors. The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors' money. As many as 17 land parcels in Uttar Pradesh will be auctioned at a reserve price of Rs 4.23 crore, according to a notice issued by Sebi on Friday. Quikr Realty has been engaged by Sebi to assist it in the e-auction, while C1 India has been appointed as the e-auction service provider. As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid. The Securities and Exchange Board of India (Sebi) has invited bids for the sale of properties in the recovery proceedings against K

Equity investments in real estate may rise 49% to $11 bn this yr: CII-CBRE

Equity investments in Indian real estate may rise 49 per cent to USD 11 billion this calendar year amid strong demand for properties, according to CII and CBRE. In 2023 calendar year, the equity investments in real estate stood at USD 7.4 billion. Industry body CII and real estate consultant CBRE on Wednesday released a joint report titled 'Leading the Charge: Crafting the Skylines of Tomorrow' at the annual CII Realty 2024 conclave. Equity capital inflows touched USD 8.9 billion between January and September, registering a 46 per cent year-on-year growth. "Overall equity investments in 2024 in the real estate sector are set to hit a new record surpassing USD 10 billion for the first time," the report said. With a resurgence in investment inflows in built-up office assets and a strong acquisition pipeline for land in the residential sector, the overall equity investments in 2024 would be in the USD 10-11 billion range. During January-September, institutional and collective vehicl

Cedar-IBSi Capital plans to fund 10-15 startups in fintech sector

Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. "The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies," it said. The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023, it added. "We are focusing on investing in startups which offer unique products and innovative tech to help improve efficiency at financial institutions. We have made our first investment in Cogniquest, an intelligent document processing tech company and are looking forward to announcing our second investment shortly," Sahil Anand, Founder and Managing Partner, Cedar-IBSi Capital, said. The business-to-consumer disruption has taken place in the last 5-8 years, but the software

Jabil signs MoU with Gujarat govt, to invest Rs 1,000 cr at Dholera unit

The Gujarat government on Thursday signed an MoU with a leading EMS company Jabil to set up its electronics manufacturing services (EMS) unit with Rs 1,000 crore investment in Dholera Special Investment Region (DSIR). The MoU was signed between Gujarat's Science and Technology Department and Jabil in presence of Chief Minister Bhupendra Patel, an official release said. The MoU, signed between the Gujarat Science and Technology Department and Jabil -- a global leader in engineering, manufacturing, and supply chain solutions -- outlines an investment of Rs 1,000 crore in the DSIR. The new unit of Jabil will focus on sectors, including networking, capital goods, automotive, and other allied industries, the release said. Jabil's new unit is expected to commence its operations in Dholera by 2027, and it is likely to create about 5,000 employment opportunities, it said. Jabil Operations Director B N Shukla, and Mission Director of the Gujarat State Electronics Mission (GSEM) Manish Gurv

Govt mulls measures to boost strategic foreign investment from 5-year lows

Policymakers are looking at the option of foreign investments through a mix of equity and debt, which aren't permitted currently, the sources said, noting that a final decision is still pending

Rs 40 trn investment proposals testimony to UP's progress: CM Yogi

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said the investment proposals worth Rs 40 lakh crore received during last year's Global Investors Summit bear testimony to the growing interest of investors from across the globe in the state. These proposals not only signify the state's progress but also narrate its transformative development journey, reflect the state's progress and tell the story of its development journey, he said while speaking at an event here. "Over the past seven years, Uttar Pradesh has seen major changes that have improved its reputation both in India and around the world. As a result, investors from across the globe are now drawn to invest in the state. Investment proposals Rs 40 lakh crore received during last year's Global Investors Summit bear testimony to the growing interest of investors from across the globe in the state," he said. He said earlier (before BJP came to power), the state was struggling with a damaged reputation. "The state was kn

KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food

Construction and infrastructure firm KBC Global has raised nearly Rs 100 crore from Falcone Peak Fund, Patanjali Food and Herbal Park and other investors, a statement said on Monday. The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors, the company said. The company board has approved the issuance of warrants at a price of Rs 2.20 per warrant, it added. Out of the total issue, Falcone Peak Fund (CEIC) Ltd will be allotted 26 crore warrants for around Rs 57.2 crore. Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park will be allotted 4.55 crore warrants and Foresight Holding Pvt Ltd is expected to be allotted 2.28 crore warrants, the company said. Post issue of the warrants, the shareholding of Falcone Peak Fund (CEIC) Ltd in KBC Global Ltd is expected to be 8.48 per cent, Patanjali companies around 1.48 per cent and Foresight Holding Pvt Ltd around 1.04 per cent respectively. The warrants shall be converted

Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India

Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year

Global investors pull money out of Indian sovereign bonds for second week

Global funds last week sold Rs 870 crore ($104 million) of the so-called Fully Accessible Route bonds

Shein likely to hold informal investor meet ahead of planned London IPO

Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year

Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets

Investors' wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27. The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones. Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy. "One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Despite selling