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SPINNAKER GLOBAL
Small PEs such as SITQ, Jardine Rothschild Exor Partners Spinnaker Global, Eight Capital, Kubera Partners pack up as deal flow shrinksNearly half-a-dozen private equity (PE) funds constituting the second tier of the industry are winding up their Indian operations.
- Pennar to cut exposure to metals biz, bets on high-end engineering
Pennar Industries plans to pare down its interests in metal making while increasing focus on high-end engineering to counter volatility.
- STOCKS TO WATCH: Punj Lloyd, Dr Reddy’s, Ultratech Cement, Tata Steel
Punj Lloyd is planning to raise $125-$150 million by placing fresh equity with institutional buyers to retire part of its high-cost debt an...