New Delhi, May 26 -- Brookfield Asset Management-backed Altius Telecom Infrastructure Trust is preparing to file its draft red-herring prospectus (DRHP) for a Rs 6,000-crore (around $629 million) IPO by end-May or early June, Moneycontrol reported, citing people aware of the matter. Altius, an infrastructure investment trust (InvIT), is India's second-largest telecom tower operator.

JM Financial, Kotak Mahindra Capital, Axis Capital, Citi and Jefferies are managing the listing, per the report.

Zepto

Quick-commerce platform Zepto is gearing up to publicly file IPO papers in the first half of June, targeting a fundraise of up to $1 billion (around Rs 9,542 crore), Bloomberg reported, citing people aware of the matter.

The quick-commerce firm plans to kick off investor roadshows later next month, with an IPO launch targeted as early as July. Details including deal size and timing remain subject to change, per the report.

Third Wave Coffee, WestBridge Capital, Creaegis

Bengaluru-based cafe chain Third Wave Coffee is close to closing an $80-100 million (around Rs 763-954 crore) funding round led by existing investors WestBridge Capital and Creaegis, Mint reported, citing people aware of the matter.

The round, currently in documentation stage, is expected to wrap up within weeks. It will comprise a mix of primary and secondary share sales, with WestBridge writing the larger cheque. The transaction may value the coffee chain at $400-500 million (around Rs 3,817-4,771 crore), per the report.

ICICI Prudential Asset Management Company, Vios Tower Mumbai

ICICI Prudential Asset Management Company purchased nine floors of Vios Tower in Wadala, central Mumbai, from global asset manager Varde Partners for over Rs 525 crore (around $55 million) via a company acquisition, The Economic Times reported, citing a company official.

The over 3 lakh sq ft ground to eighth floor office space was acquired through ICICI Prudential's Rs 2,500-crore alternative investment fund Office Yield Optimiser Fund II, which targets completed and pre-leased office assets across India.

The floors are fully leased and occupied, with existing tenants offering an annual yield of over 8%. Lease agreements include a 5% annual rental escalation clause, per the report.

Published by HT Digital Content Services with permission from VC Circle.