Latest news with #PrashantJain
Time of India
20-05-2025
- Business
- Time of India
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa's wind biz
A consortium led by TPG, Mavco Investments and former JSW Energy CEO Prashant Jain has sought approval from the fair trade regulator CCI to acquire the onshore wind business of Siemens Gamesa Renewable Power. American private equity firm TPG, through its affiliates Peony Properties Pvt Ltd and TPG REGen SG Pte, and Mavco Investments, a private company belonging to select members of the Murugappa family, will acquire the wind power business. "The proposed combination pertains to the acquisition of the businesses relating to the manufacturing and assembly of onshore wind turbine generators and the operation, maintenance and technical services of wind turbines and/or onshore wind power projects from SGRE and Siemens Gamesa Renewable Energy Lanka (Pvt) Ltd," a notice filed with the Competition Commission of India (CCI) said on May 15. SGRE is a wholly-owned indirect subsidiary of SEAG. SEAG is the ultimate controlling entity of the Siemens Energy Group. The proposed combination is notified to the CCI under Section 5(a)(i)(A) of the Competition Act, 2002, it added. Prashant Jain's Tikri Investments will also acquire a stake in the venture. The parties have said the "proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India". They (parties) also noted that any relevant market delineation may be left open, with only limited vertical overlaps between affiliates of Mavco and the target business in areas like gearboxes, generators, switchgears, and transformers for wind turbines. In March, TPG and Siemens Gamesa, a wind power subsidiary of Siemens Energy, announced that they have entered into an agreement under which TPG would acquire a majority stake in Siemens Gamesa's onshore wind turbine generator manufacturing business in India and Sri Lanka. Mavco Investments will also make a significant minority investment alongside TPG, in addition to continued investment from Siemens Gamesa. Further, Prashant Jain will also pick up a minority stake as Climate Change Partner in the venture.
Time of India
19-05-2025
- Business
- Time of India
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa's wind biz
A big move in renewable energy sector is expected. TPG, Mavco Investments, and Prashant Jain plan to acquire Siemens Gamesa's wind business. They have requested approval from the Competition Commission of India. The deal includes manufacturing and maintenance of onshore wind turbines. This acquisition aims to boost wind power generation. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A consortium led by TPG, Mavco Investments and former JSW Energy CEO Prashant Jain has sought approval from the fair trade regulator CCI to acquire the onshore wind business of Siemens Gamesa Renewable Power. American private equity firm TPG, through its affiliates Peony Properties Pvt Ltd and TPG REGen SG Pte, and Mavco Investments, a private company belonging to select members of the Murugappa family, will acquire the wind power business."The proposed combination pertains to the acquisition of the businesses relating to the manufacturing and assembly of onshore wind turbine generators and the operation, maintenance and technical services of wind turbines and/or onshore wind power projects from SGRE and Siemens Gamesa Renewable Energy Lanka (Pvt) Ltd," a notice filed with the Competition Commission of India (CCI) said on May is a wholly-owned indirect subsidiary of SEAG. SEAG is the ultimate controlling entity of the Siemens Energy proposed combination is notified to the CCI under Section 5(a)(i)(A) of the Competition Act, 2002, it Jain's Tikri Investments will also acquire a stake in the parties have said the "proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India".They (parties) also noted that any relevant market delineation may be left open, with only limited vertical overlaps between affiliates of Mavco and the target business in areas like gearboxes, generators, switchgears, and transformers for wind March, TPG and Siemens Gamesa, a wind power subsidiary of Siemens Energy, announced that they have entered into an agreement under which TPG would acquire a majority stake in Siemens Gamesa's onshore wind turbine generator manufacturing business in India and Sri Investments will also make a significant minority investment alongside TPG, in addition to continued investment from Siemens Prashant Jain will also pick up a minority stake as Climate Change Partner in the venture.
Time of India
05-05-2025
- Business
- Time of India
HDFC Flexi Cap Fund review: Mutual fund has improved consistency in outcome and risk profile in recent years
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of HDFC Flexi Cap Fund , its portfolio and performance to help you make an informed investment decision. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad BASIC FACTS DATE OF LAUNCH 1 JAN 1995 CATEGORY EQUITY TYPE FLEXI CAP AUM* Rs.69,639 crore BENCHMARK NIFTY 500 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.1,920.94 IDCW Rs.76.15 MINIMUM INVESTMENT Rs.100 MINIMUM SIP AMOUNT Rs.100 EXPENSE RATIO# (%) 1.41 EXIT LOAD 1% for redemption within 365 days *AS ON 31 MAR 2025 **AS ON 30 APR 2025 #AS ON 31 MAR 2025 FUND MANAGER ROSHI JAIN 2 YEARS, 9 MONTHS Recent portfolio changes New entrants NCC , Oil And Natural Gas Corporation , Tata Consultancy Services (Feb) Complete exits ITC Hotels (Feb) NCC, Whirlpool Of India (Mar) Should You Buy This fund (previously HDFC Equity) has seen a notable shift in investment approach after a change in fund manager. Earlier managed with a distinct contrarian stance by veteran fund manager Prashant Jain, the new fund manager Roshi Jain focuses on quality stocks with strong growth visibility and a margin of safety in valuations. The fund's earlier approach historically lent a high degree of volatility in outcomes, with alternating bouts of sharp underperformance, followed by sharp upswings in return profile. In recent years, the fund has exhibited better consistency in outcomes, with a significantly improved risk profile. It has once again emerged as a worthy pick in its category.
