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Godrej Properties, the real estate arm of the Mumbai based diversified industrial group Godrej, is in talks with real estate funds to raise about Rs 200 crore, reports The Economic Times. The company is looking to sell about 49 per cent stake in two real estate projects in Hyderabad and Kolkata. Godrej Properties chairman Adi Godrej has confirmed to ET that he is indeed in talks with investors to sell 49 per cent in the Hyderabad and Kolkata projects.

PSE Securities, a broking firm owned by Pune Stock Exchange (PSE), will see a stake sale of 56.94 per cent of its equity, reports Business Standard. as part of the demutualisation of the stock exchange. The firm, started six years ago, has 133 sub-brokers, with 18,000 registered clients and more than 5000 beneficiary accounts. The paid-up capital of PSE Securities is Rs 7.06 crore, in which PSE holds 56.94 per cent (Rs 4.02 crore).

First Flight Couriers is expected to close private equity funding to the tune of Rs 100 crore in the next two weeks, reports Business Standard. In April, The Economic Times had reported that the Mumbai-based courier company was in talks with PE firms including Temasek Holdings to raise capital. The company, which plans to use the capital to acquire cargo planes, is expected to do an IPO in next two years.

Best Buy Co Inc, the US consumer electronics retail giant, is reportedly in talks with South India's leading consumer electronics distributer Vivek Ltd for an India entry. Apparently a top team of Best Buy was in India recently. They had reportedly met with senior representatives of companies like LG, Samsung, Haier and Sony to get a hang of the Indian market. Vivek operates more than 52 stores. Best Buy, however, has denied any immediate plans for India.