Mumbai-based Metropolis Healthcare Limited's initial public offering (IPO) to raise $174million was over subscribed 5.8 times at the end of the book-running process, stock exchange data showed. Of the 13.7 million shares the Indian diagnostics company intends to sell, investor CA Lotus Investments, a unit of Washington DC-based private equity...
Carlyle Invests over Half Billion in Indian Insurance
The Washington D.C.-based private equity firm Carlyle Group, in its biggest-ever investment in India, acquired a 9 percent stake in SBI Life Insurance Limited. Carlyle paid $652 million to French BNP Paribas Cardif SA from whom they bought the stake. The French bank’s insurance unit now holds 12.77 percent stake...
Carlyle Group Acquires Majority Stake in Indian Publisher
Carlyle Group LP, the Washington DC-based global alternative asset manager said that it had bought a majority stake in India's Newgen KnowledgeWorks, a provider of publishing and technical services, for $32.8 million. Carlyle acquired a 54.8 percent stake in the Chennai-based company through First Carlyle Ventures III, an investment fund...