GAGA Share Market News

[hfe_template id='11223'] [ad_1] Authum Investment & Infrastructure and Mahi Madhusudan Kela will acquire a 46.85 per cent stake in Prataap Snacks, which operates the snack brand Yellow Diamond and sweet snacks brand Rich Feast. The company has entered into a share purchase agreement with the promoters to acquire 46.85 per cent share in a Rs 846.60 crore deal from its three Private Equity promoters, according to an early morning filing. The promoters -- Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II and Sequoia Capital GFIV Mauritius Investments hold stakes of 2.48 per cent, 34.65 per cent, and 9.72 per cent, respectively. "The acquirer and PAC have entered into a share purchase agreement dated September 26, 2024, with the sellers, pursuant to which the acquirer has agreed to acquire from the sellers 1.02 crore equity shares of the target company at a price of Rs 746 per equity share for an aggregate consideration of Rs 84...

[hfe_template id='11223'] [ad_1] SMC Finance is in talks with private equity funds and impact funds to raise equity of around Rs 600 crore, people aware of the development told ET. The promoters of the company, also known as Moneywise Financial Services Pvt. Ltd., have mandated Prudenthill Advisors LLP and Riverstone Capital Private Limited, both founded by ex-Credit Suisse bankers Rahul Bahety, Himanshu Sarda and Nipun Jain, to lead the advisory for this transaction, the people cited earlier said. “The company is talking to some sovereign funds, impact funds and private equity funds to raise Rs 600 crore,” said a source. “The company will dilute "significant minority stake" in the process.” This fund raise will be in a combination of primary and partial secondary, the source said. A spokesperson of SMC did not respond to ET’s request for comment.Over the last two years, the company has grown at a CAGR of 35% and is expecting a similar momentum in the coming ye...