private equity firms – The News Desk

The Adani group and Singapore’s Wilmar International are learnt to have approached several private equity (PE) firms to sell part of their stake in their consumer-staple joint venture, Adani Wilmar. Top executives of some of these PE firms told Business Standard that the two partners, which own 44 per cent each in Adani Wilmar, have offered them a majority stake. The Adani group and Wilmar International declined to comment on the matter. The proposed sale will be one of the largest transactions in the FMCG industry, with the market valuation of Adani Wilmar standing at Rs 51,513 crore as of Wednesday. At its peak in January this year, the company’s valuation was Rs 81,268 crore. However, the share price of the company, along with that of ot...

By Anto Antony The sale of a stake in Cipla Ltd. is in jeopardy as potential buyers have balked at the Rs 1.09 trillion ($13.1 billion) valuation members of the founding family are targeting for the Indian firm in a deal, according to people familiar with the matter. Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about Rs 1,350 per share, the people said. The price represents a premium of about 10 per cent over Wednesday’s close, according to Bloomberg calculations. The family shareholder group, known in India as the promoter group, controls around 33 per cent of Cipla’s shares, which are worth nearly $4 billion at W...

Tag: private equity firms

Adani, Wilmar may sell part of their stake in AWL to private equity firms

Cipla founding family’s stake sale in jeopardy over $13 bn valuation target