Swaraj Dhanjal

ET first reported on April 25 that Kotak Mahindra Capital had been appointed to find buyers for the solar portfolio. "The prospective buyers are currently conducting due diligence on the solar assets and final bids are expected soon. These are good quality assets and have generated strong investor interest," said one person aware of the development.

The capital raised from QIA, the sovereign wealth fund of Qatar, and in the previous round will be used by the company to expand its dental clinic network as well as to enter new categories in dental care such as dental beauty and everyday dental care products business, said Amarinder Singh.

"About a quarter of our Asian funds have been invested in India. Could that be higher in the coming fund vintage? Given where India is and given where some of the other markets are, I think that's certainly possible," said Singh. Bain Capital believes that private equity activity will pick up pace in 2024, having seen a tepid 2023. Factors like the upcoming general elections next year are unlikely to impact PE investments in India, the firm feels.

Eversource, a climate investment joint venture between Everstone Group and Lightsource BP, has received catalytic concessional capital from the U.S. Department of State and USAID through the Blended Finance for Energy Transition (BFET) program.

"After the pandemic, India is being seen as a long-term partner in manufacturing and an appealing investment destination for global corporations. It is one of the few economies that offers a combination of scale and multi-decade growth, driven by growing domestic consumption and infrastructure spends. So the opportunity for overseas businesses for strategic cooperation with India is very appealing," said Masahiro Goto.

The companys product, ClaimBook, helps a hospital to automate its entire health insurance claims management process, improving revenue cycles while reducing revenue leakage. ClaimBook has been implemented in over 300 hospitals in India.

Fleming is a backward integrated API manufacturer with global leadership in select muscle relaxant, anti-arthritis, and antihistamine APIs with two regulatory-approved manufacturing units. The company sells to customers in over 65 countries across Latin America, Europe, Asia, and MENA.

Vibrant Energy, which primarily sells electricity to corporate and industrial (C&I) customers, operates a renewable energy portfolio of 132MW, with an active pipeline of 3GW. The group develops open access renewable energy solutions (wind and solar) for corporate customers.

Investors appear confident rather than worried. Four of the ten listed stocks have fully recovered from their lowest since Hindenburg triggered the crash. Adani Power has more than doubled, while Adani Ports has gained 52%. ACC and Ambuja Cement have also recovered to the pre-Hindenburg level. However, Adani Wilmar, Adani Energy Solutions and Adani Total Gas still trade 33-73% lower.

Edelweiss Alternatives manages several funds spanning performing credit (corporate and real estate), special situations and real assets (infrastructure yield and commercial real estate), with total assets under management of about $6.3 billion.