Top Stories

 Peek at True North’s commodity sector bet that turned into gold

Ranjani Raghavan

Private equity firm True North Managers LLP, which has a sector-agnostic investment structure but focusses on financial services, consumer, healthcare and technology products and services, had quietly made its third bet in the commodities space.

Indian Oil to sell 24% stake in JV to US partner Lubrizol

Reuters

India's cabinet gave the go-ahead on Wednesday for state-run Indian Oil Corp to sell a 24 percent stake in a joint venture to its U.S.-based partner Lubrizol Corp, a government statement said.

Vedanta’s Agarwal to buy $2.5 bn stake in Anglo American

Reuters

Indian billionaire Anil Agarwal said he was buying a 2 billion pound ($2.45 billion) stake in Anglo American, sending the global miner's shares sharply higher and signalling a possible return to large-scale dealmaking in the sector.

Fairwinds PE-backed Shankara eyes $160 mn valuation in IPO

Ankit Doshi

Fairwinds Private Equity-backed Shankara Building Products Ltd is seeking a valuation of Rs 1,050 crore ($160 million) in its initial public offering (IPO) that begins next week.

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