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Emaar has started preliminary discussions to appoint Kotak Mahindra Capital to handle its IPO.

Tata Capital Private Equity Head Shailendra Bhandari Quits - Before the closure of its maiden fund, Private Equity head of Tata Capital Shailendra Bhandari has resigned. Bhandari will be leaving the company to pursue other opportunities by the end of July 09. Bhadari earlier headed Centurion Bank of Punjab which got merged with the HDFC Bank in 2007. (The Economic Times)

Godrej Industries Acquires 100% Stake in Subsidiary NBL - FMCG major Godrej Industries has acquired the entire stake in its step down subsidiary Natures Basket Ltd (NBL) for an undisclosed amount. The company has acquired the entire shareholding in NBL from Godrej Agrovet Ltd (GAVL), which itself is a subsidiary of Godrej Industries, it said in a filing to the Bombay Stock Exchange. According to the FMCG major, shareholders of the company had approved investment in NBL. NBL focuses on specialty food including fresh produce and is positioned as a premium food chain. (The Economic Times)

DLF Raises Rs 1,000 Crore Through Land Sales - DLF has raised around Rs 1,000 crore through sale of land parcels across four cities in the past 4-5 weeks and is on course to close more such deals worth another Rs 500 crore in the coming weeks. This is in keeping with the country’s largest real estate developer’s announced objective of raising Rs 5,500 crore through asset sale and use these funds to halve its Rs 14,000 crore debt by the end of this fiscal. DLF has sold off land parcels in Mumbai, Baroda, Gangtok and NCR. (The Economic Times)

SBI Offers Bharti $1 Billion Loan for MTN - State Bank of India has offered a loan of up to $1 billion to Bharti Airtel to partly fund the Indian telecoms firm's planned stake buy in South Africa's MTN. The government-run bank, which along with its associates controls a quarter of Indian bank loans and deposits, will join a clutch of foreign lenders interested in funding the deal that aims to create the world's third-biggest wireless group with more than 200 million subscribers and combined revenue of $20 billion. (The Economic Times)

Emaar to Try IPO Route Again - Emaar MGF has taken the first step towards return to the stock markets by opening talks with an investment banker, apparently enthused by the success of its peers in raising cash by privately placing shares to institutional investors. The property developer has started preliminary discussions to appoint Kotak Mahindra Capital to handle its initial public offering (IPO), 18 months after its first attempt failed. (The Economic Times)