PE firm InvAscent keen to list five portfolio companies
Mint Mumbai|January 04, 2024
Private equity firm InvAscent is preparing to list five portfolio companies across health and pharmaceuticals segments over the next 24-36 months, as the firms achieve scale, chairman and managing director Hari Buggana said in an interview.
PE firm InvAscent keen to list five portfolio companies

These portfolio firms include drug companies Symbiotec Pharmalab Ltd and Malladi Drugs, women and child-focused Ankura Hospital, healthcare devices business Accumax Lab Devices Pvt. Ltd, and digital health-tech platform MediBuddy, he said.

The public listing of these portfolio firms will open up exit opportunities for healthcare and pharmaceuticals-focused investor.

"An additional exit opportunity has opened up for us through the capital markets this is a shift in our strategy. In the past, our exits have been to other financial investors or strategics," Buggana said.

InvAscent is invested in these five portfolio firms from India Life Sciences Fund III, which was sized at around $350 million.

この蚘事は Mint Mumbai の January 04, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Mint Mumbai の January 04, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

MINT MUMBAIのその他の蚘事すべお衚瀺
Mint Mumbai

Deliver food with 45 days' shelf life: FSSAI

Amid rising consumer complaints, Food Safety & Standards Authority of India (FSSAI) on Tuesday directed e-commerce players selling food items on their platforms to ensure a minimum shelf life of 30% or 45 days before expiry, at the time of delivery to customers.

time-read
1 min  |
November 13, 2024
Zydus Life reports strong Q2 growth
Mint Mumbai

Zydus Life reports strong Q2 growth

Zydus Lifesciences Ltd announced strong double-digit growth in line with estimates, on the back of sustained growth across its key businesses, in its consolidated financial results for the September quarter on Tuesday.

time-read
1 min  |
November 13, 2024
Mondelez FY24 net profit up 72%
Mint Mumbai

Mondelez FY24 net profit up 72%

Confectionery major Mondelez India Foods Pvt. Ltd posted a 71.85% increase in profit to ₹2,020.87 crore in FY24, according to the RoC filing from the beverages major.

time-read
1 min  |
November 13, 2024
Mint Mumbai

DBS's next India CEO is Rajat Verma

DBS's India unit has nominated its head of institutional banking, Rajat Verma, to be the bank's new chief executive officer, two people familiar with the matter said.

time-read
1 min  |
November 13, 2024
Air India Express to reconfigure planes
Mint Mumbai

Air India Express to reconfigure planes

Air India Express plans to start reconfiguration of planes having business class seats from April 2025, as the airline focuses on operating narrow-body planes with only economy class seats, according to a senior official.

time-read
1 min  |
November 13, 2024
Mint Mumbai

Wilson & Hughes buys Cox & Kings

Wilson & Hughes, a Singapore-based private equity firm, has acquired the 260-year-old travel brand Cox & Kings through the insolvency process.

time-read
1 min  |
November 13, 2024
UK reiterates support for India's permanent UNSC seat
Mint Mumbai

UK reiterates support for India's permanent UNSC seat

The UK has reiterated its support for permanent membership for India in the United Nations Security Council (UNSC) as part of an expansion of the international panel to ensure it can continue to rise to the pressing challenges faced by the world.

time-read
1 min  |
November 13, 2024
Mint Mumbai

JSW Defence to tie up with US firm

JSW Defence on Tuesday announced a strategic partnership with a US firm to indigenise and manufacture its 'V-BAT', an Unmanned Aerial System (UAS), and said the collaboration marks a significant step in boosting India's defence capabilities by bringing in world-class UAS technology to the country.

time-read
1 min  |
November 13, 2024
Mint Mumbai

Sebi simplifies FPI registration

To facilitate ease of onboarding of Foreign Portfolio Investors (FPIs) and reduce duplication of information, the Securities and Exchange Board of India (Sebi) on Tuesday said applicants can choose to fill either the entire Common Application Form (CAF) or an abridged version with unique fields.

time-read
1 min  |
November 13, 2024
Advent-backed firms get IPO nod
Mint Mumbai

Advent-backed firms get IPO nod

Advent International-backed Manjushree Technopack and Inventurus Knowledge Solutions Ltd, which provides healthcare support services, have received go-ahead from the Securities and Exchange Board of India (Sebi) to float initial public offerings (IPOs).

time-read
1 min  |
November 13, 2024