Latest news with #Pre-IPO
Business Recorder
3 days ago
- Business
- Business Recorder
KE to offer Rs3bn Sukuk through public subscription
K-Electric Limited, the country's only vertically integrated power utility, plans to offer the Sukuk through a public offering. 'PSX is pleased to inform all concerned that KE, a listed company on the Exchange, has applied for listing of its rated, unsecured, short-term Sukuk Certificates on the Exchange,' said PSX, while sharing the KE's prospectus. The total issue size is Rs 3,000 million, out of which Rs 1,000 million have been issued to Pre-IPO investors and Rs 2,000 million are being issued to the general public, inclusive of the green-shoe option of Rs 1,000 million, through a public offer. The Sukuk Certificates will be offered in denominations of Rs 10,000/- or multiples of Rs 10,000/-, with a minimum investment requirement of Rs 50,000/-, i.e. for 5 Sukuk Certificates. April FCA: KE seeks Rs4.69/unit negative adjustment K-Electric is principally engaged in the generation, transmission and distribution of electric energy under the Electricity Act, 1910 and the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (XL of 1997) read with the NEPRA. KE shared that the primary purpose of utilisation of the Sukuk Issue proceeds is to fund routine working capital requirements of the company that primarily arise due to timing differences between outflows and the requisite inflows. 'Working capital requirements include fuel payments and power purchases, which will be partially funded by the proceeds from this financial instrument,' read the prospectus. The company shared that it has prepared a network investment plan of $2 billion for the period FY24 to FY30, focused on expanding grid infrastructure, reducing technical losses, and boosting renewable energy's share to 30%. It is currently developing over 600 MW in solar and hybrid projects, with support from the Government of Sindh and private partners. Additionally, the company has secured new power purchase and subsidy agreements with the Government of Pakistan, aimed at streamlining power offtake and improving cash flows.
Entrepreneur
04-06-2025
- Business
- Entrepreneur
360 ONE Asset Invests INR 170 Cr in Paras Healthcare
The funding will aid Paras Healthcare's expansion plans, aimed at enhancing access to affordable, high-quality healthcare in tier I and tier II cities. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, announced that it has invested INR 170.60 crore in Paras Healthcare, a prominent multispecialty hospital chain in North India. This investment marks the asset manager's seventh investment in India's healthcare services sector through its funds and aligns with its market-leading Pre-IPO strategy. The transaction includes both primary capital infusion to support growth and a secondary component, enabling a partial exit by an existing investor. The funding will aid Paras Healthcare's expansion plans, aimed at enhancing access to affordable, high-quality healthcare in tier I and tier II cities. Founded by Dr Dharminder Nagar, Paras Healthcare currently operates over 2,000 beds across eight hospitals, with a focus on accessible, affordable medical care through an asset-light business model and strong unit economics. The hospital chain has built a strong reputation for delivering quality healthcare while addressing the growing demand in underserved regions. Umesh Agrawal, Senior Fund Manager and Strategy Head – Financial Services and Industrials, 360 ONE Asset, said, "This marks our seventh investment in the Indian healthcare services segment, reaffirming our strong conviction in the sector's long-term potential. We are proud to partner with Paras Healthcare in expanding access to affordable quality care to under-served customers. This investment is also the latest from our market-leading Pre-IPO strategy." With an AUM of ~USD 10 billion, 360 ONE Asset is one of India's leading asset management firms. Its Venture Capital and Private Equity platform manages over USD 3 billion and focuses on sectors like healthcare, technology, financial services, and consumer industries. The firm offers a comprehensive suite of products including AIFs, PMS, and MFs across public and private markets.
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Business Standard
27-05-2025
- Business
- Business Standard
Fusion CX files IPO papers with Sebi; seeks to raise Rs 1,000 crore
Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries Press Trust of India New Delhi Fusion CX Ltd, a customer experience service provider, has filed preliminary papers with Sebi seeking its nod to raise Rs 1,000 crore through an initial public offering (IPO). The Kolkata-headquartered firm's IPO comprises fresh issue of equity shares aggregating up to Rs 600 crore and an Offer for Sale (OFS) of equity shares valued Rs 400 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS comprises stake sale by promoters P N S Business Private Ltd and Rasish Consultants Private Ltd. Besides, the company may raise up to Rs 120 crore in a Pre-IPO placement round. If such an initiative is completed, the fresh issue size will be reduced. Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries - Omind Technologies Inc and Omind Technologies Private Limited - for upgrading IT tools. Additionally, funds will be used for pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. Fusion CX is a customer experience (CX) service provider delivering high-end, complex, and integrated CX services across multiple channels including voice, email, chat, social media and message, and focused on key verticals such as telecom, high-tech growth and travel, BFSI, retail and healthcare. Incorporated in 2004, Fusion CX blends deep domain expertise with a portfolio of proprietary AI tools to enable intelligent, multilingual, and omnichannel engagement at scale through a broad spectrum of generative AI-driven technologies that enhance customer engagement, operational efficiency, and digital transformation. It has developed a multilingual global network with 40 delivery centers spread across 15 countries as on December 31, 2024. On the financial front, Fusion CX reported a revenue from operations of Rs 991 crore and a profit after tax (PAT) of Rs 36 crore in FY24. Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors are the book running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Associated Press
14-02-2025
- Business
- Associated Press
HHLR Advisors Ltd. Expands Investment Offerings Amid Strong Market Conditions
TORONTO, ON / ACCESS Newswire / February 13, 2025 / HHLR Advisors Ltd., a leading provider of fixed-rate bonds, managed funds, and Pre-IPO investment opportunities, is pleased to announce the expansion of its investment solutions to meet growing demand from Canadian investors. Amid evolving market conditions, the firm remains committed to delivering secure and predictable returns while bridging the gap between institutional-grade investments and retail investors. With market volatility continuing to shape the global economic landscape, many investors are seeking stable and low-risk opportunities to preserve and grow their wealth. HHLR Advisors Ltd. has positioned itself at the forefront of this trend, offering fixed-rate bonds that provide consistent, predictable income with competitive returns. Unlike equity-based investments, these bonds offer a secure alternative, shielding investors from market fluctuations and ensuring peace of mind. In addition to fixed-income solutions, HHLR Advisors Ltd. continues to diversify its offerings through managed funds, allowing investors to benefit from expert portfolio management, risk mitigation strategies, and long-term wealth accumulation. The firm's investment professionals carefully select assets across various sectors, ensuring a balanced and optimized approach to capital growth. Recognizing the increasing appetite for high-growth opportunities, HHLR Advisors Ltd. is also providing access to Pre-IPO investments, giving investors the chance to participate in promising companies before they go public. This exclusive opportunity enables qualified investors to gain early exposure to innovative businesses with strong growth potential, enhancing their portfolio diversification. 'We take great pride in providing secure, high-performing investment opportunities for our clients, especially in today's evolving economic landscape,' said Samantha Lawson, Senior Financial Planner at HHLR Advisors Ltd. 'By expanding our offerings to include fixed-rate bonds, managed funds, and Pre-IPO opportunities, we empower investors to navigate the market with confidence while building a strong financial future.' Keith Reid, Head of Fixed Income at HHLR Advisors Ltd., added, 'At HHLR Advisors, we understand the importance of stability and yield in today's uncertain markets. Our fixed-rate bond offerings are designed to provide investors with a reliable source of income, backed by a disciplined, research-driven approach. With years of experience in the global fixed income sector, our team ensures that every investment is positioned to deliver optimal performance. Investors looking for security and consistent returns can trust our expertise to guide them in making informed financial decisions.' As HHLR Advisors Ltd. continues its mission to bridge the gap between institutional investments and retail investors, the firm remains dedicated to providing transparent, secure, and high-yielding financial solutions. For more information about HHLR Advisors Ltd. and its investment offerings, please visit or contact Media Contact: Mr. Patrick Fay Head of Public Relations HHLR Advisors Ltd. About HHLR Advisors Ltd. HHLR Advisors Ltd. is a trusted investment firm based in Toronto, specializing in fixed-rate bonds, managed funds, and Pre-IPO opportunities. By providing access to institutional-grade investments with lower entry barriers, the firm empowers Canadian investors to achieve their financial goals with confidence.
