Reghu Balakrishnan is a Senior Reporter for The Economic Times, focusing on local news in India, specifically in the state of Maharashtra and the city of Mumbai. With a specialization in finance and business, Reghu covers a wide range of topics including mergers and acquisitions, investments, and developments in the Indian market.
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Reghu's coverage primarily focuses on local business, finance, and healthcare-related news in India, particularly Maharashtra and Mumbai. He often covers private sector announcements and press releases related to investments, mergers and acquisitions, private equity deals of Indian companies.
Given Reghu's focus on local business developments in India with an emphasis on investments and financial deals involving Indian companies, reaching out with insights into the Indian market trends or specific industry knowledge could be effective. Additionally, experts who can provide analysis on mergers & acquisitions within the healthcare and pharmaceutical sectors in India may also find a receptive audience with Reghu.
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By: Reghu Balakrishnan
Renuka Ramnath-led Multiples Alternate Asset Management plans to sell its majority stake in HR platform PeopleStrong, valued at ₹1,300-₹1,500 crore, engaging IndigoEdge for the sale. PeopleStrong serves over 500 enterprises in Asia with its cloud-based HR software.
By: Reghu Balakrishnan
Renuka Ramnath-led Multiples Alternate Asset Management plans to sell its majority stake in HR platform PeopleStrong, valued at ₹1,300-₹1,500 crore, engaging IndigoEdge for the sale. PeopleStrong serves over 500 enterprises in Asia with its cloud-based HR software.
By: Ratna Bhushan, Reghu Balakrishnan
Promoters of Da Milano Italia are seeking to sell a substantial stake in the company, valued at ₹1,500 crore, with consulting firm PwC India handling the sale mandate. The decision depends on negotiated valuation, and both strategic investors and private equity players have shown interest.
By: George Smith Alexander, Reghu Balakrishnan
Macquarie Asset Management plans to invest billions of dollars in India. The firm sees potential in energy transition, digital infrastructure, and real estate. India's projected 7% growth rate for the next decade is a key driver. Macquarie has already invested $3.5 billion in India since 2009. The firm is also considering platforms like affordable housing and logistics.
By: Reghu Balakrishnan
The company is said to be in the process of mandating an investment bank for the stake sale. Tessolve said its not engaged in fund-raising talks. Two years after its last capital round, majority shareholder Hero Electronix is looking to generate $120-150 million (Rs 1,000-1,260 crore), said the people cited above, pegging Tessolves value at $400-450 million (Rs 3,300-3,800 crore).
Hero Electronix, backed by Suman Kant Munjal, is planning to sell a 25-30% stake in Bengaluru-based semiconductor design and engineering company Tessolve, cashing in on the growing investor appetite in the space, said people aware of the matter.
By: Reghu Balakrishnan
Two years after its last capital round, majority shareholder Hero Electronix is looking to generate $120-150 million (Rs 1,000-1,260 crore), said the people cited above, pegging Tessolve's value at $400-450 million (Rs 3,300-3,800 crore).
By: Reghu Balakrishnan
US private equity firm TA Associates is set to acquire a majority stake in Vee Healthtek, an Indian revenue cycle management firm, for $250 million. The deal marks TA's entry into India's RCM market and its second investment in the country's healthcare IT sector.
By: Reghu Balakrishnan, Arijit Barman
Malaysia's Petronas' clean energy arm, Gentari Sdn Bhd, is set to acquire a portion of Brookfield Asset Management's renewable energy assets in India. The deal is valued at $900 million and includes a 2.2 GW portfolio. This acquisition will significantly expand Gentari's presence in the Indian renewable energy market. The deal involves both operational and under-construction projects.
By: Reghu Balakrishnan
Micro Life Sciences, India's largest medical devices group, is seeking to raise $150 million by selling a small stake, aiming for a $5 billion valuation. Backed by Warburg Pincus, the company plans to use the funds for expansion, including new manufacturing facilities and product launches.
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