Delhi-based Daburs have taken 11.19 per cent stake in Punjab Tractors. The deal size is said to be Rs 144.9 crore ($32.2 Million).
The Burman family, through their investment companies, have bought 6.79 million shares. About 4.4 million shares (forming 7.24 per cent) were acquired on Tuesday from the open market through ACEE Enterprises, one of [...]
Centurion Bank of Punjab (CBP) has decided to raise Rs 800 crore of capital through a combination of preferential allotment and an international or a domestic issue of equity. It will raise Rs 384 crore through a preferential issue of equity to funds managed by GW Capital, ChrysCapital and Citigroup Venture Capital International Growth Partnership [...]
International media giant News Corp does not see Indian internet space attractive as of now for one reason - internet penetration is yet to take off. Michelle Guthrie, CEO of Star (a 100 per cent subsidiary of News Corp) told DNA newspaper on Tuesday that the Group is not looking at immediate investments in Internet [...]
United Breweries Group Chairman Vijay Mallya said that the group would raise a total of $400 million over the next one year, which includes a $200 million-IPO for its aviation business, Kingfisher Airlines.
“The IPO from Kingfisher Airlines will be coming next year and we intend to raise $200 million through this,” Mallya said on the [...]
Bennett, Coleman & Company (BCCL), the publisher of The Times of India and The Economic Times, may offload its majority stake in music and electronic retail outlet Planet M, according to a story in Business Standard. A few private equity firms and investment houses have evinced interest in picking up stakes in Planet M, it [...]
Last month, in October, India’s science and technology minister Kapil Sibal and the US secretary of state Condoleezza Rice signed an agreement to free academic, corporate and government scientists from striking partnerships in basic research in space exploration, biotechnology, energy, healthcare and nanotechnology. This has a huge impact on what the two countries can do [...]
I had missed this story. Hyderabad-based CoOptions Technologies Ltd, a pioneer in rural computing and applications, plans to raise $10-15 million via private placement for expansions within India and abroad. “We are holding negotiations with venture funding companies in India and overseas for raising $10 to $15 million in the next six to nine months,” [...]
The Economic Times reports that the Indian government has rejected ChrysCapital’s plans to take a stake in Development Credit Bank.
Chrys Capital’s plan of acquiring a 12.89 per cent stake in Development Credit Bank has been spiked by the government. This follows objections raised by the Reserve Bank Of India about fresh infusion of capital into [...]
The Hindu Business Line has a story on a Bangalore-based software product company called Sysnet.
This is no typical garage start-up. Sysnet, which has a small office here (in Bangalore), has been in existence for 15 years and employs 25 people. Yet it must rank as a start-up in the products space, despite having developed an [...]
Some details about the exits and the returns from ChrysCapital’s newsletter: Fund I has an IRR of 31 per cent. Fund II has an IRR of 41 per cent. Fund III is off to a good start.
Fund I is now fully realized as we sold the remaining portion of NIIT earlier in the year to [...]
This news leter from ChrysCapital is not dated, so I don’t know how old is it. But the editorial seems to be relevant, and I am reproducing it here (Left: Ashish Dhawan, Senior Managing Director):
Private equity has been prevalent in India for over a decade now. In the early days private equity players were faced [...]
Spentex Industries Ltd, manufacturers of cotton yarn, issued shares worth Rs 70.3 crore Rs 81 crore to Citigroup Venture Capital International.
The company on Thursday said that it would allot 1.75 crore-equity shares and 17.50 lakh convertible warrants to Mauritius-based Citigroup Venture Capital and 27.50 lakh equity shares and 2.75 lakh convertible warrants to the promoters.
[...]
Filament maker JCT Ltd is planning to raise $25 million either through private equity or by issuing FCCBs to foreign investors, report agencies, quoting Sanjiva Jain, Vice President (Finance). The Thapar group company is in advanced talks with the investors and a decision is likely in four to six weeks.The Rs 600-company is planning a [...]
Close on the heels of Bennet, Coleman & Company Ltd (BCCL) picking up 2 per cent stake in domestic carrier Paramount Airways, Kotak India Growth Fund (KIGF), a private equity fund, has picked up a 10 per stake for $15 million, The Hindu reports.
KIGF was issued fresh shares at an undisclosed premium, sources say. [...]
We would always bring exclusive news to you as and when we get it. In fact, I have a few leads and would be posting it once I verify them.
I have this lead on DLF Group, Delhi-based real estate biggie, that it’s raising a huge real estate fund. The fund size is likely to be [...]
