Group 1 - Tega Industries Ltd. plans to raise up to Rs 4,000 crore through equity and equity-linked instruments, with the fundraising to be conducted in one or more tranches based on market conditions and business needs [1][2] - The capital will be raised through various permissible routes including public issues, preferential allotments, private placements, or Qualified Institutional Placements, with final decisions on structure, timing, pricing, and investors to be made in consultation with merchant bankers [2] - The board has approved increasing the company's borrowing powers by Rs 2,000 crore to enhance debt capacity for growth and strengthen the balance sheet [3] Group 2 - The overall ceiling on investments, loans, guarantees, or financial support to other entities has been approved to increase up to Rs 4,000 crore [3] - The management has been authorized to create charges, hypothecation, mortgages, or pledges on the company's assets to secure borrowings, which may include substantial undertakings [4] Group 3 - Tega Industries has agreed to acquire control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion, marking the largest US deal by an Indian company in three years [5] - Tega will hold a 77% stake in Molycop, with the acquisition being conducted in consortium with funds managed by Apollo Global Management Inc. [5]

Core Viewpoint - Apollo Global Management CEO Marc Rowan has urged leniency in the sentencing of Charlie Javice, who was convicted of defrauding JPMorgan Chase in a $175 million acquisition deal for her startup, Frank [1][2]. Group 1: Background of the Case - Charlie Javice was convicted in March for lying and faking data to mislead JPMorgan into believing her company had over 4.25 million users, while it actually had fewer than 300,000 [3]. - The estimated loss from Javice's fraud is around $200 million, which her lawyers argue is "not consequential" for a bank of JPMorgan's size [5]. Group 2: Support for Javice - Marc Rowan, who was an investor and board member at Frank, highlighted Javice's positive traits such as passion, creativity, intelligence, and empathy in his letter to the judge [2]. - Over 100 letters of support have been filed for Javice, including one from former JPMorgan executive Blythe Masters, who served as a mentor to her [4]. Group 3: Sentencing Details - Javice is scheduled to be sentenced on September 29, and court staff have indicated that she may receive a prison term of around 12 years [4].

(Bloomberg) --   Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Tega Industries Ltd. has agreed to buy control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion, making it the biggest US deal by an Indian company in three years. The Kolkata-based manufacturer of mining and mineral processing gears will acquire the American Industrial Partners-affiliate in consortium with fu ...

Macro Environment Overview - The macro economy is experiencing a significant capital expenditure (CapEx) cycle, indicating robust investment activity [2] - Credit quality remains strong, with S&P second quarter numbers showing an 11% increase compared to a consensus expectation of 4% [2] - Personal and corporate balance sheets are in good condition, contributing to a favorable economic outlook [2] Interest Rates and M&A Activity - Interest rates are expected to trend lower, which may stimulate further economic activity [3] - The current M&A cycle is noted as the second best year on record, following the exceptional year of 2021, highlighting a strong backdrop for mergers and acquisitions [3]

Apollo Global Management (NYSE:APO) FY Conference September 09, 2025 09:45 AM ET Company ParticipantsJim Zelter - PresidentBen Budish - DirectorBen BudishAll right, good morning, everyone. Welcome to day two of our 23rd Global Financial Services Conference. I'm Ben Budish. I cover the U.S. brokers, asset managers, and exchanges here at Barclays. With us for this next fireside chat, really delighted to have Jim Zelter from Apollo. Jim, thanks so much for being here.Jim ZelterAppreciate it. Always good to be ...

Core Insights - TenFifty Capital has officially launched as a European-focused commercial real estate lending platform targeting small- and mid-market opportunities, led by CEO Hugh Fraser [1][2] - The firm aims to originate €1-2 billion in loans in its first year, focusing on loans ranging from €10-50 million, particularly in a mid-cap market segment that is underserved [2][6] - TenFifty is collaborating with Apollo Global Management to enhance its origination capabilities and provide first lien mortgages secured by high-quality assets [2][3] Company Overview - TenFifty Capital is a non-bank commercial real estate lender founded in September 2025, focusing on the €10-50 million sector of the European real estate debt market [6] - The firm has a presence in key European cities including Amsterdam, Berlin, London, and Madrid, and will invest in core markets such as the UK, Germany, the Netherlands, Spain, Italy, and Ireland [5][6] - The company emphasizes building long-term partnerships with borrowers and aims to bring speed and certainty of execution to its lending process [2][3] Leadership and Experience - Hugh Fraser, the founder and CEO, has extensive experience in the real estate lending sector, having co-founded M7 and managed over €6 billion in financings [3] - Fraser's previous collaboration with Apollo has established a strong foundation for TenFifty, leveraging Apollo's balance sheet and expertise in the real estate market [3][4] Market Focus - TenFifty will focus on various sectors and asset types, including logistics, industrial, retail warehousing, senior/student housing, hospitality, prime office, self-storage, parking, and food retail [4] - The firm aims to address the gap in the small and mid-market European commercial real estate debt space, which is often neglected [3]

NEW YORK, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Jim Zelter, President of Apollo Global Management, will participate in a fireside chat at the Bank of America 30th Annual Financials CEO Conference on Tuesday, September 16, 2025 at 6:00 am EDT. A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event. About Apollo Apollo is a high-growth, global a ...

Core Insights - The article discusses the importance of in-depth research in various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, emphasizing the value of joining iREIT on Alpha for comprehensive analysis [1]. Group 1 - The platform has received 438 testimonials, with most being 5-star ratings, indicating a high level of user satisfaction [1]. - A free 2-week trial is offered, suggesting an opportunity for potential investors to evaluate the service without financial commitment [1].

Acquisition Overview - Apollo Global Management, Inc. has completed the acquisition of Bridge Investment Group Holdings Inc. for $1.5 billion in an all-stock transaction [1][8] - The acquisition enhances Apollo's scale in real estate equity and improves its origination capabilities in growth areas [1][2] Financial Details - Bridge stockholders will receive 0.07081 shares of Apollo stock for each Bridge Class A common share, valued at $11.50 [3] - The transaction is expected to be accretive to Apollo's fee-related earnings and nearly doubles its real estate assets under management (AUM) to over $110 billion [4][8] Strategic Implications - Bridge will operate as a platform company within Apollo's asset management business, retaining its brand and management team [2][8] - The integration of Bridge is anticipated to strengthen Apollo's hybrid and equity offerings, particularly for institutional and wealth clients [4] Growth Strategy - Apollo has been pursuing inorganic growth through acquisitions, including the recent acquisition of Argo Infrastructure Partners and partnerships with Citigroup and State Street [5][6] - The company aims to scale total AUM to $1.5 trillion by 2029, supported by its robust liquidity [6] Market Performance - Over the past year, Apollo shares have increased by 20.9%, outperforming the industry average rise of 18.4% [7]

Core Viewpoint - Apollo has successfully completed the acquisition of Bridge Investment Group in an all-stock transaction, enhancing its real estate business and investment capabilities [1][2]. Company Overview - Apollo is a global alternative asset manager with approximately $840 billion in assets under management as of June 30, 2025, focusing on providing excess returns across various risk-reward spectrums [7]. - Bridge Investment Group, now an affiliate of Apollo, manages around $50 billion in assets as of June 30, 2025, specializing in alternative investments across various asset classes [8]. Transaction Details - Bridge stockholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock, valued at $11.50 per share [3]. - Following the acquisition, Bridge's common stock has ceased trading on the New York Stock Exchange [3]. Strategic Implications - The acquisition is expected to provide Apollo with immediate scale in real estate equity and enhance its ability to originate investments in growth areas of the market [2]. - Bridge's management believes that joining Apollo will allow for significant opportunities to expand and diversify investment verticals and enhance capital formation capabilities [2].