Kotak to double pvt equity fund corpus (DNA)
Kotak Mahindra Bank plans to double the size of its private equity funds - the India Growth Fund (IGF) and the Kotak Realty Fund - to $700 million by the end of the year from $325 million at present. About half of the money will be invested in [...]
Sony Entertainment Television (SET) India plans to go public. An IPO is expected next year. The company is looking at a period after the cricket World Cup gets over in April 2007, reports Indiantelevision.com. The merchant bankers are yet to be appointed.
Sony is also negotiating a stake buy in Ten Sports. SET India already has [...]
Mobile2win’s China arm M2W has been sold off to The Walt Disney Internet Group. The numbers are not disclosed, but Alok Kejriwal, one of the owners of M2W (besides Softbank China and Siemens Venture Capital), said that it has been a brilliant exit for him. This is in fact his first exit.
More details in ContentSutra.com.
DLF gROUP has postponed its much-awaited IPO again. This time the Delhi real estate giant has even withdrawn the draft prospectus from the regulator SEBI. It will resubmit the document again in another month and half. This means DLF is in real soup and the IPO managers or company management did not foresee the shareholder [...]
Technology publishing company International Data Group (IDG) has launched a $150 million venture fund for India. It will start investing from next October, IDG founder and Chairman Patrick McGovern told Venture Wire (sub. required) in an interview. IDG Ventures India Fund I was launched in July which will essentially invest in early-stage technology companies. It [...]
If Cafe Coffee Day saw a blue chip investor like Seqouia Capital putting in money into their parent Amalgamated Bean Coffee Trading, its rival chain Barista cannot sit back and relax. Barista’s owner C Sivasankaran’s Sterling Group is looking to raise some money by roping in a strategic investor, reports Business Standard. Siva, as he [...]
Kotak Mahindra Realty Fund has invested Rs 32 crore investment in Lemon Tree Hotels, and Rs 2 crore in Red Fox Hotels, the budget hotel company of the same group. Earlier this month, the company had received an investment of Rs 210 crore from private equity firm Warburg Pincus.
Red Fox Hotels got an investment Rs [...]
Essel Propack has announced that they have acquired Pondicherry-based Packaging India from CavinCare Group. Ashok Goel, Vice Chairman & MD of Essel Propack, announced the deal in Mumbai this evening. The amount is undisclosed. See the update.
With this move, Essel Propack, the world’s second-largest maker of laminated tubes, has expanded to speciality packaging materials too.
Packaging [...]
This is a big fund from the Karnataka Information Technology Venture Capital Fund (Kitven Fund). The semi-governmental body has decided to set up its second fund with a corpus of Rs 50 crore ($11 million). This is big considering their first fund was only Rs 15 crore ($3.4 million). The new fund will not just [...]
Just when we were talking of M&As in the pharma space, Dr Reddy’s Laboratories, the Hyderabad-based biggie, is raising $250-300 million from overseas. This will be used for funidng inorganic growth. The company is believed to be looking at issuing American Depository Receipts (ADRs) worth around $250-300 million, says a PTI article. Dr Reddy’s has [...]
Indian pharma space has generally seen outbound M&As. Indian pharma companies led by Ranbaxy, Dr Reddy’s Lab, Wockhardt and Matrix Labs itself have gone overseas and acquired companies. But the Mylan-Matrix deal is the first significant inbound acquisition in the pharma space. An Economic Times article here says that the deal is likely to generate [...]
Thapar Group’s Global Green Company Acquires Belgium Firm
The Delhi-based Thapar Group’s Global Green Company, an exporter of gherkins and preserved food products, has acquired the Belgium-based euro 50 million Intergarden Group for an undisclosed amount. Post acquisition, with a total turnover of $100 million, Global Green has become the third largest pickle supplier in the [...]
Private equity fund Actis has completed the deal with Ahmedabad-based Paras Pharmceuticals. The fund has picked up 23 per cent in Paras at probably Rs 755 crore valuation, reports The Economic Times. The Rs 174-crore deal involves buying out the stakes of some of the Patel brothers who own the company. This also includes Actis’ [...]
Bloomberg has released its League Tables for M&A advisers. Kotak Mahindra Capital Company, Ernst & Young (E&Y) and Morgan Stanley have occupied the first three slots of the “M&A financial advisory league table” for the year 2005, according to Bloomberg.
There were 568 deals announced in India which amounted to $20 billion. Kotak ranked first with [...]
Delhi-based media group Television Eighteen India Ltd intends to raise Rs 100 crore or $22 million by placing equity shares or convertible bonds with foreign institutional investors (FIIs). HSBC has been mandated to manage the issue.
An EGM of the company had cleared a proposal enabling the board to raise Rs 300 crore. The group has [...]
