Private equity firms are increasingly using “continuation vehicles” to sell companies to themselves, booking paper gains amid a backlog of unsold businesses. This strategy allows firms to wait for better market conditions, but investors worry about questionable valuations and unrealistic projections, as exemplified by the bankruptcies of Wheel Pros and United Site Services.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000
August 26, 2026