Trinity Plc has bought a 10.43 per cent stake in Pipavav Shipyard Ltd for Rs 104 crore. The latter is a company promoted by Sea King Infrastructure, which is owned by Nikhil Gandhi.
The existing investors in Pipavav Shipyard include IL&FS and Exim Bank who hold a 51 per cent stake in the company. This is [...]
Private equity fund Actis has decided to increase the open offer price of Phoenix Lamps by 25 per cent to Rs 190 a share. This is following an order by market regulator Securities and Exchange Board of India, which maintained that the public investors should get the same price as promoters even if a part [...]
Reserve Bank of India announced its quarterly monetary policy amendments today. This was a highly watched document since inflation in India had topped a high of 6 per cent last fortnight. And RBI was expected to take some stringent measures to tighten the liquidity in the country.
RBI has raised its key short-term lending rate (repo [...]
Air India, Indian merger likely by Feb-end
Trinity buys 10.43% in Pipavav Shipyard for Rs 103 crore
UBS eyeing private banking space in India
HTIL may seek shareholders’ nod for stake sale on Feb 15
Here is the big breaking news. Tata Steel has won the deal for Britain’s Corus for £5.75 billion ($11.3 billion). It has beaten Brazil’s CSN in a high-pitch auction that included nine rounds. Tata-Corus combine will become the world’s fifth largest steelmaker. Tata offered 608 pence a share while CSN’s offer was 603 pence. The [...]
If anyone is looking for another reason to invest in India, here is one. Standard & Poor’s Ratings Services has raised India’s sovereign credit rating to investment grade. That’s a big deal since India will move up in ranks as a favourite investment destination.
S&P’s rating will especially boost investments from investors who look at investment-grade [...]
Brazil’s CSN and Tata Steel are bracing up for the most watched acquisition auction in recent times. The bid for Corus will start in a couple of hours time today. The bidding battle between CSN and Tata Steel has been going on for the last three or four months.
Finally the UK Takeover Panel ruled that [...]
Here is one more India-focused real estate fund planning to raise capital from London’s Alternative Investment Market. UK-based Trinity Plc, which has an asset management company called Trikona Capital, is looking at raising $1 billion, reports The Economic Times. Half of it will come from the secondary listing in AIM, while the other half will [...]
Kerala’s Catholic Syrian Bank is selling 15 per cent stake to AIF Capital Development, a Mauritius-registered private equity firm. The bank will seek Reserve Bank of India’s permission to sell the stake. The bank has a loan portfolio of Rs 2,694 crore as on March 31, 2006.
CSB, a prominent private bank in Kerala with significant [...]
India story may be hot, but that does not mean investors buy the story indiscriminately. Indiabulls-sponsored Dev Property Development Fund has halved its issue size in London’s Alternative Investment Market. Dev has been forced to halve the size of its IPO to
Naukri.com, a company which has earned a position for its investors in the coveted Forbes Midas list of VCs, has announced its Q3 results. The company has registered about 71 per cent growth in sales at Rs 37.9 crore. The net profits stay at Rs 8.1 crore in Q3, while EBIDTA is at Rs 13.2 [...]
DGB Microsystems, an Indian mobile device design and manufacturing company, has received $8.5 million funding from Clearstone Venture Partners and SIDBI Venture Capital. This is the first round of funding for the Bangalore-based company which is essentially in the business of designing and manufacturing mobile handset solutions.
According to Red Herring, Clearstone has contributed $5 million [...]
ePlanet Ventures plans $500-million fund for India, China
They are looking at areas like technology in healthcare services, autocomponents, hospitality apart from IT and internet to invest from this second fund.
Vodafone can hold stake in Bharti even if they win Hutch deal
Sunil Mittal, Bharti chairman says so, but it’s just that the UK telco will have [...]
This is probably the largest deal in the Indian media and entertainment business. Ushodaya Enterprises Ltd (UEL), a large media and film production company owned by Ramoji Rao, has received $275 million in funding from private equity fund Blackstone. UEL is also raising bank financing of $190 million, which takes the total fund infusion to [...]
Finally, the four-month long bidding battle for Anglo Dutch steel giant Corus is nearing an end. The UK take-over panel has announced an auction mechanism to decide the winner. The nine-round knock-out auction will end on January 30, and the winner will be decalred on January 31.
It’s UK’s takeover panel that has set the rules [...]
