Company Overview of Destimoney Enterprises Private Limited
Destimoney Enterprises Private Limited distributes third party financial products and offers retail broking services for life and general insurance, mutual funds, and loans. It also provides transaction statement, holding statement, holding valuation statement, electronic contract note, Demat, initial public offering, mutual fund, derivatives, and commodity related services. The company also offers financial planning; and loans, mutual funds and equity broking, and wealth advisory services. It has a strategic partnership with Artha Money. Destimoney Enterprises Private Limited was formerly known as Dawnay Day AV Financial Services Private Limited and changed its name to Destimoney Enterprise...
B1, G-01 Marathon Innova
Opposite Peninsula Corporate Park, Office G.K. Mar
Lower Parel West
Founded in 2005
Key Executives for Destimoney Enterprises Private Limited
Destimoney Enterprises Private Limited does not have any Key Executives recorded.
Destimoney Enterprises Private Limited Key Developments
Carlyle Group Reportedly Close To Acquiring Destimoney From New Silk Route
Jan 28 15
The Carlyle Group LP (NasdaqGS:CG) is mulling acquisition of Destimoney Enterprises Private Limited from New Silk Route (NSR). According to people in the know, Carlyle has outbid the GIC Pte. Ltd. - ChrysCapital consortium. The deal, learnt to be in the INR 10 Billion range is expected to be signed soon. A senior Punjab National Bank executive said, "The process of short-listing a new financial partner is almost over, with Carlyle at top. But in the absence of full-time head for PNB, there is no clarity as to when the deal will be closed." A Carlyle spokesperson said, “As a policy, Carlyle does not comment on market speculations.” Darius Pandole, partner, NSR, refused to comment. Other PE majors such as General Atlantic LLC, Actis Capital, LLP and GIC-ChrysCapital were also in discussions with NSR for acquiring Destimoney.
Carlyle Reportedly Set To Acquire Destimoney From NSR
Dec 3 14
The Carlyle Group LP (NasdaqGS:CG) has come up as a frontrunner in race to acquire Destimoney Enterprises Private Limited from New Silk Route (NSR). According to the sources, the potential transaction is valued at INR 12 billion. The news report mentioned that formal announcement is due in the coming weeks. An official added, “Carlyle will most certainly buyout NSR from the housing finance JV. Last moment discussions are still on for the residual businesses like broking, distribution and I banking, which are much smaller in scale and size.” The news report mentioned that NSR and Carlyle's spokespersons declined to comment on the matter. Since 2013, NSR has been trying to monetize Destimoney investment and has had discussions with firms like General Atlantic LLC, Actis Capital, LLP, ChrysCapital and GIC Pte. Ltd. However, talks with most fell through.
Sale Of Destimoney Expects To Be Delayed
Nov 5 14
Sale of Destimoney Enterprises Private Limited is expected to be delayed. The recent exit of the Punjab National Bank (PNB) Chairman is learnt to have affected the sell-out discussions between the promoters of Destimoney and private equity investors. The deal is expected to be in the range of INR 1,000-1,200 crore.
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