Sun, Nov 29, 2020 6:43 PM
Sebi clears DRHP of Heranba Industries to launch Rs 700-crore IPO
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Brookfield India REITs has signed binding agreements to acquire four Grade A assets from Bharti Enterprises at an enterprise value of ₹6,000 crore, it said in a press release. Equity consideration for the 50% stake will be completed through preferential allotments of units in Brookfield India REIT at a price of ₹300 per unit. Shares of Brookfield India REITs ended flat on Wednesday at ₹255.1.
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Thursday saw the dollar plunge to multi-month lows as retail sales stagnated and U.S. core inflation reached its lowest level in three years, which accelerated expectations for rate reduction in the largest economy in the world. Following the announcement of the data, gains were led by stocks and other risk-sensitive assets like the Australian dollar.
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Bain Capital has teamed up with Singapore’s Temasek to compete with Blackstone-led consortium for a controlling stake in Haldiram Snacks Food Pvt Ltd as large buyout funds vie for what could be the largest private equity acquisition in India so far. Temasek is a limited partner in Bain’s global funds, as are ADIA and GIC.
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