Three major US private equity firms (Carlyle, Kohlberg Kravis & Roberts, and Warburg Pincus) are in discussions to acquire a 15-18% stake in Hero Honda Motors as part of a transaction where Honda would exit their 26% joint venture stake. The Hero group would sell a 60-70% stake in a special purpose vehicle to the private equity firms to fund the acquisition of Honda's 9,300 crore rupee stake. Coal India's IPO drew enough bids for $58 billion, indicating investor appetite for shares if reasonably priced. The IPO makes Coal India one of the largest listed coal producers globally. BNP Paribas has established an India Advisory Board to provide

1. Submitted by
Navdeep Kaur

2.  Three leading US based private equity (PE) firm-
Carlyle,Kohlberg Kravis &Roberts(KKR) and Warburg
Pincus are likely to acquire an effective stake of 15-18% in
Hero Honda Motors, as part of a two legged transaction that
could see Japan’s Honda completely exit the country’s
motorcycle company.
 BM Munjal owned Hero group is in advanced discussion
with these three PE firms to sell 60-70% stake in a special
purpose vehicle (SPV) to fund the acquisition of Honda’s
26% shareholding which at current market cap is valued at
around Rs 9300 crore in the joint venture company.

3.  Coal India’s initial public offering (IPO) drew bids for at
least $58 billion in cash enough to build 25 airport
equivalent to the sparkling New Delhi one indicating
investors eagerness to buy if shares are priced reasonably.
 Coal India joins the league of top state run companies on
the planet such as China Agriculture Bank that sold $22
billion worth of shares and Brazil’s petrobas that raised $70
billion.
 The likely pricing of shares at the top end of the Rs225-245
band will make it the biggest listed coal producer in the
world

4.  Europe’s largest bank in deposits BNP Paribas has set
up a 10 member India Advisory Board which will help
the bank in the fine tuning its India strategy and also
advice the bank on corporate social responsibility
efforts.
 The members of the India Advisory Committee
includes former RBI deputy governor Rakesh Mohan ,
Tata steel director JJ Irani and C Achythan , chairman
of sebi’s takeover code committee.

5.  Corporation Bank has posted 20% rise in net profit in
the second quarter of this fiscal year.
 The main drivers of profit growth have been net
interest, margin and healthy credit growth.
 The net profit stood at Rs 352 crore.
 Allahabad bank has reported a 21% rise in its net profit
at Rs 403 crore over Rs 334 crore in the corresponding
period last year.

6.  HDFC, the largest home loan provider reported 22%
rise in net profit.
 The rise in profits is on account of increase in spread
the difference between the cost of funds and yeild on
advances.
 Kotak Mahindra bank posted a 55% rise in net profit .
 Yes bank has reported a 57.1% increase in the net profit
for the second quarter.

7. Thank you