VCCircle

Pvt equity giants jostle for slice of India pie

Krolbert Kravis Roberts’ (KKR) acquisition of Flextronics Software is set to change the private equity landscape in India. The private equity investments in the country during the first three-and-a-half months of ‘06 crossed $2.5bn, surpassing the $2.3-bn investments made in the whole of ‘05.

Prime Focus may buy 55% in VTR

Prime Focus, one of India’s largest post-production houses, has agreed to acquire London-based media company VTR Plc for £4.5 million (approximately Rs 36 crore).

IIFC likely to raise Rs 10,000 cr in debt

India Infrastructure Finance Company plans to raise upto Rs 10,000 crore in debt this fiscal to fund long-term infrastucture projects in the country. "We are likely to raise about Rs 10,000 crore in 2006-07 through bonds or loans," said S S Kohli, Chairman of the newly founded IIFC.

TV18 to invest Rs 250cr in new ventures

The board of directors of Television Eighteen India (TV 18) today approved, in- principle, investments of Rs 250 crore in new ventures and potential acquisitions. According to a release issued by TV 18 to the BSE today, the majority of the projects are intended to be in television, Internet and `triple convergence' areas.

Manipal Group set to raise $70 mn

The Manipal Group is expected to raise $70-$90 million (around Rs 300 crore � Rs 400 crore) through the private equity route for its major expansion plans. The company is in talks with various investors and according to market information, IDFC is expected to lead the investment round.