So what has been California Public Employees’ Retirement System (CalPERS), America’s largest pension fund, doing in India?CalPERS has been bullish about the country, and has raised its exposure in Indian listed firms to over 150 companies in 2007, from around 50 companies in 2006, according to a report. The data factors in the funds disclosure [...]
Large, global investment banks have cornered most of this advisory fee from India’s Tata Group. Here is the stunning statistic. The Tata group, India’s largest global acquirer, has spent more than Rs 500 crore or $133 million in advisory fee to intermeduaries and investment banks in the last two years.
The Mumbai based group has acquired [...]
Real estate firm Entertainment World Development (EWDPL) has raised about Rs 307 crore from a group of funds, including ICICI Venture and the US-based Pyramid group’s (one of the largest mall developers in the US) investment arm Nettleton Global.
According to Business Standard, ICICI Venture has invested Rs 227 crore in the company for picking up [...]
Delhi-based publishing house MBD Group is negotiating with international private equity firms to offload 26-49 per cent equity in its mixed-use realty development project MBD Zephyr in Bangalore. The project, expected to be completed by 2011 will have a luxury hotel, space for luxury and premium retail and an entertainment space.
According to a report in [...]
Actis, a private equity fund that takes an active role in the managing of an investee company, has upped its stake in Ahmedabad-based Paras Pharmaceuticals from a minority 23 percent to almost 60 per cent. Following the change in control, Actis is believed to have roped in an ex-honcho of Dabur as the new CEO [...]
Bangalore-based WiMax startup Sloka Telecom is reportedly in talks with venture capital funds such as Intel Capital and Motorola Ventures to raise its first round of funding, reports EE Times. Sloka is said to be looking at $8 million funding from VCs.
Intel Capital MD in India Sudheer Kuppam had told this website earlier about their [...]
Logistics firm Allcargo Global has raised about Rs 268.91 crore from private equity firm Blackstone Group through issue of shares. The board of directors of the firm has approved the allotment of equity shares, debentures and warrants on preferential basis to the Blackstone Group, Allcargo infomed the Bombay Stock Exchange.
Allcargo would raise Rs 9.34 lakh [...]
Securities market regulator Sebi is working on two key changes for the primary market, which can have significant implications. The decisions which are expected to be taken up in July this year would shorten the time period between the closure of a fresh public issue (IPO) and the day of listing of a particular scrip. [...]
Norwest Venture Partners is looking to launch its next global fund and this time it could well be close to $1 billion. According to The Hindu, the firm’s global managing partner Pramod Haque has hinted that the new fund might be deployed in 2009.
Currently, Norwest is investing out of its $650 million fund which was [...]
Exclusive: Hyderabad based telecom equipment manufacturing company Icomm Tele Ltd has received Rs 120 crore funding from two leading private equity funds. Tano India Private Equity Fund I has invested Rs 50 crore. Immediately prior to this deal, Kotak Investment Advisors invested Rs 70 crore in the equity shares of the company.
This is the eighth [...]
Although the sentiment has been affected due to credit crunch and US slowdown, Kotak Investment Advisors Ltd (KIAL), the private equity arm of Kotak Mahindra Bank, has raised its second private equity fund at $440 million taking its total corpus under management to $1.4 billion.
Kotak will continue its focus on investing in unlisted SME’s (small [...]
Sequoia Capital India is picking up an undisclosed stake in Nahar Retail, the retail arm of Nahar Industrial Enterprises which owns Cotton County branded apparel retail chain, for Rs 120 crore. The transaction would be in two stages wherein Sequoia Capital Growth Investment Holding I would be investing Rs 80 crore and Rs 40 crore [...]
Norwest Venture Partners (NVP), the US headquartered technology venture capital firm led by Promod Haque, has added a partner to head up its newly set up Bangalore office. It has hired Mohan Kumar, a technocrat with 21 years of technology and investment experience in companies like Motorola and Texas Instruments, as Executive Director. Kumar, based in [...]
Abu Dhabi Investment House (ADIH) has announced the launch of India Entertainment City (IEC) fund, which would be financed through a $400 million Sharia-compliant fund. IEC is planned to be developed in the special economic zone of Navi Mumbai. The fund, which has an investment period of two and a half years, is expected to [...]
Euronext-listed real estate investment company Yatra Capital has put in about Rs 175 crore in two Bangalore-based property developers. Yatra has invested Rs 111.62 crore for picking a 30 per cent stake in Palladium Constructions, which is going to develop a retail cum residential building complex in the city. The project will cost about Rs [...]
