In today’s briefing:
- #134 India Insight: EU 0% Auto Tariff; Warburg ₹800cr Bailout; PAG Plans ₹2.2kcr Nuvama Stake Sale
- #2 Leadership Bytes(08-Apr-25)
- IndiQube Spaces Pre-IPO – Capacity Has Been Expanding, Though Margins Remain Unstable
- Closing the Spread: Banking on Anima
- Asia Real Estate Tracker (10-Apr-2025): Goodman investing $722M in Sydney data centre
#134 India Insight: EU 0% Auto Tariff; Warburg ₹800cr Bailout; PAG Plans ₹2.2kcr Nuvama Stake Sale
- The EU is negotiating with India to remove the 100% import duty on fully built cars under FTA.
- Warburg Pincus plans to lead a INR600 – 800 crore rights issue to rescue troubled Fusion Micro Finance (FUSION IN).
- PAG has hired JP Morgan and Morgan Stanley to sell its INR 2.2k crore controlling stake in Nuvama Wealth Management (NUVAMA IN).
#2 Leadership Bytes(08-Apr-25)
- Bank of Maharashtra (BOMH IN) , Samvardhana Motherson International Ltd (MOTHERSO IN) and Cyient Ltd (CYL IN) . have announced major initiatives spanning branch expansion, localization, and semiconductor investments.
- Each company is adopting targeted strategies to strengthen funding models, tap into tech-led growth, and diversify revenue streams.
- These updates reflect a broad focus on operational efficiency, capital discipline, and long-term growth across sectors like finance, auto, and semiconductors.
IndiQube Spaces Pre-IPO – Capacity Has Been Expanding, Though Margins Remain Unstable
- IndiQube Spaces Ltd (1628202D IN) (ISL) is planning to raise about US$100m in its upcoming India IPO.
- ISL is a managed workplace solutions provider offering technological workplace solutions. As per CBRE Report, ISL is among the leading operators in Bengaluru as of Jun 24.
- ISL offers enterprise workplace solutions, from large hubs to small spokes, enhancing employee experience through integrated interiors, amenities, and various value-added services for a seamless, efficient office environment.
Closing the Spread: Banking on Anima
- Banco BPM controls 89.949% of Anima and is likely to pursue full ownership via a second offer or squeeze-out, offering arbitrageurs a clear path to monetize residual shares.
- At €6.425, investors ahead of the 19 May ex-date can earn €0.333 net dividend plus €6.55 in a follow-up bid, implying a 7.1–8.9% spread with attractive upside.
- Annualized returns could reach 45–60%, though investors must weigh liquidity constraints, execution risk, and dividend withholding tax—especially for retail holders—when sizing or structuring the trade.
Asia Real Estate Tracker (10-Apr-2025): Goodman investing $722M in Sydney data centre
- Goodman announces $722M investment in 90MW data centre ‘Project Mars’ in Sydney, expanding their data centre portfolio.
- Executives from Partners Group, CDPQ, and ESR join the speaker list for Singapore Forum, a key event in the data centre industry.
- Singapore’s GIC collaborates with Alianza in a $329M venture to establish a data centre presence in Brazil, a promising market.
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