New Delhi, Aug. 27 -- Adani Group-backed Cemindia Projects has roped in investment banks for a share sale, Germany's Mahle is revisiting plans for a potential public issue of its India business, Superhealth is in talks with Ronnie Screwvala for a fundraise, and Ritesh Vohra's Stoicap Ventures is looking to raise a fund to acquire rent generating K-12 schools and student-housing assets, according to various media reports.

Cemindia Projects

Cemindia Projects, the Adani Group-backed engineering and construction company, has appointed banks for the launch of a share sale to institutional investors to raise as much as Rs 5,000 crore ($524 million), according to a Bloomberg report.

Formerly known as ITD Cementation India Ltd, the company has been meeting institutional investors and could launch the qualified institutional placement in the coming days, the report said, citing sources. ICICI Securities and SBI Capital Markets are working on the transaction, it added. Mahle

German auto-parts maker Mahle GmbH is revisiting plans for an initial public offering (IPO) of its Indian business and has held early discussions with potential advisers about a share sale, according to a Bloomberg report, citing sources.

The company is likely to appoint banks and begin groundwork for the IPO soon, to raise about $300-400 million (around Rs 2,865-3,820 crore), according to the report. Mahle had earlier explored an option of taking its Indian business public in 2024, though it did not proceed at that time.

Superhealth

Bengaluru-based healthcare provider Superhealth is in advanced stages of raising around $10 million (around Rs 96 crore) in fresh funding from veteran entrepreneur and investor Ronnie Screwvala, according to a Moneycontrol report.

The report, citing sources, said other investors are also likely to participate in the round, which is expected to value the startup at $100 million as the company prepares to expand its hospital network. This is up from a $30 million valuation in 2025, it added.

This comes after VCCircle reported in March that the company kicked off a new funding round and appointed investment banking firm Veda Corporate Advisors to manage the fundraise and is looking to raise $15-20 million (around Rs 139-185 crore) in the early-stage round.

Superhealth counts former India cricket captain Mahendra Singh Dhoni among its backers along with venture capital firm Sparrow Capital, Boundless Ventures, Panthera Peak and other individual investors.

Stoicap Ventures

Stoicap Ventures, set up by Ritesh Vohra, former head of real estate funds at Investcorp, is planning to raise a Rs 750 crore (around $79 million) fund to acquire rent-generating K-12 schools and student-housing assets, according to a Mint report.

The fund, Stoicap-NDR Edu-Infra Rental Yield Fund (EDIYF) will have a base corpus of Rs 500 crore and a Rs 250 crore green-shoe option, with Chennai-based warehousing and logistics company NDR Group being its co-sponsor and anchor investor.

This is Stoicap's maiden fund, a category-I alternative investment fund (AIF), with an investment profile similar to an InvIT or infrastructure investment trust that owns assets and earns rental income.

Managing partner Vohra was quoted by Mint as saying that Stoicap's focus is on differentiated sectors from a real assets and infrastructure perspective, such as education, healthcare and senior living. The fund's investment strategy is to acquire and own mature, operational assets that generate healthy rental revenue and capital appreciation from these highly resilient sectors.

Stoicap Ventures was set up in 2024 Vohra, and Kunal Sabharwal, former senior general manager-investments at ESR India.

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