Given the inflation across most economies, especially India, I believe inflation beneficiaries should do well and sectors that are interest rate-sensitive should not do so well, says Punita Kumar Sinha, Senior MD, Blackstone Asia Advisors.
Given the inflation across most economies, especially India, I believe inflation beneficiaries should do well and sectors that are interest rate-sensitive should not do so well, says Punita Kumar Sinha, Senior MD, Blackstone Asia Advisors.
Blackstone Group, a global private equity player, is set to increase its focus on India. After setting the ball rolling on its corporate private equity and recently starting off its real estate opportunity focus, the company during the past week has set up Blackstone Altius Advisors, an event-driven strategy focusing on opportunities in the Asia Pacific region. Event-driven strategies are those where PEs fund merger and acquisitions or bankruptcies scenario.
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings.