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Actis starts 2024 with $229 million monetization plan

Mint Mumbai

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January 11, 2024

Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 with deals worth over $1 billion, has started the New Year with its move to monetize its biggest bet in the country.

- Sumit Upadhyaya

Actis starts 2024 with $229 million monetization plan

The emerging markets-focused PE firm had stitched at least four transactions in India in 2022 across the real estate, renewable energy and highway sectors, including a warehousing joint venture with Mahindra Lifespaces. It also acquired Rx Propellant, and Welspun Group's six highway assets. It sealed the highways deal for an enterprise value of $775 million, or about ₹6,000 crore back then, marking its biggest transaction in India, amid changes in its strategy to strike bigger bets in the country.

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Mint Mumbai

Nelco crosses first step to satcom reselling licence

Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.

time to read

3 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

WHAT A YEAR AT COLUMBIA TAUGHT ME

An Indian journalist at Columbia University navigated a tumultuous year, learning unusual life lessons

time to read

8 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Festive demand, tax cut power up auto sales in Sep

Powered by tax cuts and festive spirits, automobile sales took off in September, cheering manufacturers across the board.

time to read

3 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Central bank seen keeping its options open on Tata Sons IPO

A day after the Reserve Bank of India's deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra's comment leaving the matter open to interpretation.

time to read

2 mins

October 02, 2025

Mint Mumbai

US trade pact close, comprehensive deal to sidestep patents

As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.

time to read

2 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

RBI unveils plans to bolster credit flow to corporates, capital market

Regulator to remove cap on banks’ market lending to single group, proposes to allow acquisition funding

time to read

2 mins

October 02, 2025

Mint Mumbai

Cough syrup kills 6 children in MP; govt begins probe

Early reports suggest the syrups may have been tainted with diethylene glycol, a toxic chemical

time to read

1 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Prez Trump's proposed changes to visa rules assailed by chip industry

The F-1 student visa serves as a critical pipeline to the tech workforce

time to read

4 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Top firms tick boxes, but lag on diversity, independence

India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.

time to read

2 mins

October 02, 2025

Mint Mumbai

RBI rate actions are signals that markets need not always heed

Contrary to widespread belief, monetary transmission is both slower and far-from-linear, globally

time to read

3 mins

October 02, 2025

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