July 11, 2014 9:58 AM ET

Capital Markets

Company Overview of Destimoney Enterprises Private Limited

Company Overview

Destimoney Enterprises Private Limited operates as a financial services company for investors in India. It offers transaction statement, holding statement, holding valuation statement, electronic contract note, Demat, IPO, 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 Enterprises Private Limited in 2008. The company was incorporated in 2005 and is based in Mumbai, India.

B1, G-01 Marathon Innova

Marathon Nextgen

Opposite Peninsula Corporate Park, Office G.K. Mar

Lower Parel West

Mumbai,  400013

India

Founded in 2005

Phone:

91 22 6617 2222

Fax:

91 22 6617 2099

Key Executives for Destimoney Enterprises Private Limited

Chief Investment Officer of Equities
Compensation as of Fiscal Year 2014.

Destimoney Enterprises Private Limited Key Developments

Chryscapital-GIC Team Emerges As Front-Runner In Race To Buy Destimoney

A consortium of ChrysCapital and GIC Pte. Ltd. has emerged as the front-runner to purchase New Silk Route's (NSR) 100% stake in Destimoney Enterprises Private Limited. "They seem to have gained a clear edge over rival bidders", said a person directly involved with the transaction. The deal may value the company between INR 10 billion and INR 11 billion. NSR has mandated Morgan Stanley to sell Destimoney. Actis Capital, LLP and General Atlantic LLC had also participated in the bidding. While New Silk Route's Chief Executive Officer Parag Saxena did not reply to email questions on the subject, Destimoney's Managing Director and Chief Executive Officer Sudip Bandyopadhay declined comment.

General Atlantic, Actis And Advent International In Talks To Acquire Destimoney Enterprises- Reports

New Silk Route (NSR) is in discussions to sell Destimoney Enterprises Private Limited to General Atlantic LLC, Actis Capital, LLP and Advent International Corporation, Business Standard reported citing sources. NSR is looking at a valuation of $200-$250 million for Destimoney Enterprises Private Limited.

General Atlantic And Apax Partners In Talks To Acquire Stake In PNB Housing

General Atlantic LLC and Apax Partners LLP are in talks to buy out 49% stake in PNB Housing Finance Ltd. from Destimoney Enterprises Private Limited. New Silk Route (NSR), which owns majority stake in Destimoney, has appointed Morgan Stanley to find a buyer for the PNB stake. General Atlantic Partners and Apax declined to comment while NSR did not reply to queries on the subject. “NSR has mandated Morgan Stanley to sell Destimoney’s stake in PNB Housing,” said Sudip Bandyopadhay, Managing Director and chief Executive, Destimoney Securities.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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