Demographics, economic growth and government initiatives are bolstering demand to provide more investment into India's healthcare infrastructure, as overall PE sentiment in the region improves.
The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.
The global IT services firm, which uses AI, is still majority owned by Carlyle; the listing on the BSE and NSE is the largest technology services and sponsor-owned IPO in India; there were five banks involved.
K. Balasubramanian, Asia South head of corporate banking, has been appointed India subcontinent sub-cluster & banking head and India Citi country officer & banking head designate, to replace Khullar's current role.
With Indian equities accounting for over 20% of a major MSCI index, active managers may have a choice between raising their holdings in an expensive market or seeing higher tracking errors, as the Chinese market continues to come under pressure.
FA recently caught up with Vivek Sharma, senior executive vice president & head international clients group at Nuvama Group, who shared his views on the exciting Indian capital market landscape, including FIIs, wealth and private credit.
The first 'pure-play' electric vehicle manufacturer to IPO on the Indian market is the largest listing this year in the country, while baby-product firm Brainbees Solutions has also listed; both have seen their shares soar on debut.