Catching Up With News Headlines
Actis buys stake in Sandhar for $23 million
Actis, the UK-based private equity investor, has invested $23 million (approximately Rs 104 crore) in Sandhar group, including its flagship company Sandhar Locking Devices. The Gurgaon-based Sandhar group is into component manufacturer of to both two- and four-wheeler manufacturers.
India Infoline to raise Rs1 billion via private placement
India Infoline Ltd. announced on Thursday that its Board of Directors has approved the proposal to raise Rs1bn through issue of Optionally Convertible Bonds (OCBs) to DSP Merrill Lynch Capital Ltd. and equity shares to Bennett Coleman & Co Ltd (BCCL).
Taib Bank on real estate investment bandwagon
Niraj Sethi, a spokesperson for Taib Bank said: “The focus in India is mainly private equity and now real estate. In private equity the focus is on late stage companies in growth sectors, and we now prefer to co-invest alongside a large local player or fund manager rather than do direct investment. Our HNI clients have also shown increased interest in investing in the Indian market, both in listed equities and private equity.”
$2.2 bn invested through private equity in 2005
Close to $2.2 billion was invested in Indian firms by private equity investors in 2005. This is close to a billion dollars more than the $1.6 billion invested through the route in 2004.
