Topic
exit
Technology Startup Backers Cash Out Rs 97,000 Crore as Public Markets Become Primary Exit Route
A Business Today report reveals that early investors in Indian listed startups have sold shares worth nearly Rs 97,252 crore since 2021. The exits, spanning IPOs and block deals, underscore public markets as the primary exit route for venture capital and private equity investors after years of backing high-growth companies.
Finance Shapoorji Refinancing Delays Spur Some Bondholders to Seek Exit on Debt
Some bondholders of Shapoorji Pallonji Group are attempting to sell non-convertible debentures of subsidiary Goswami Infratech at about 90% of par amid prolonged refinancing talks. The group has ₹8,343 crore ($884 million) in zero-coupon bonds maturing June 30, which have already been extended once and are now seeking another extension. The development highlights rising stress in India's private credit market, with the yield on the notes climbing to 21.75%.
Logistics Easterly Exits Debut Tanker Fund with 52% Premium, Shifts Focus to Dry Bulk Carriers
Easterly Clear Ocean (ECO) has sold all seven chemical tankers from its inaugural fund, achieving an estimated 63% net IRR and 4.25x net multiple. The platform is now raising capital for its fifth fund, ECO Fleet Holdings V, which has already deployed into three dry bulk carriers and two chemical tankers, marking its entry into the dry bulk sector.
Technology Opendoor's India Exit Sparks AI and Outsourcing Debate
Opendoor's decision to exit India has ignited discussions on AI's impact on outsourcing. The move reflects a shift towards AI-driven operations, challenging traditional offshore models. Industry experts see this as a broader trend of AI reducing operational labor needs.
Business Maya Tata Considers Exit Amid Tata Digital Restructuring
Maya Tata, daughter of Tata Trusts chairman Noel Tata, is considering leaving Tata Digital as the company undergoes significant restructuring. This potential move comes amid scrutiny over losses and strategic shifts within the Tata Group.