PUBLIC EQUITY

Best stocks of 2012: Tata Motors top blue-chip gainer

December 28, 2012 | Reuters

Lenders were the top performers among sectors, with the BSE banking index up nearly 57 percent. Real estate and fast-moving consumer goods (FMCG) were the next best sectoral performers.

Bharti Infratel price skids post debut, PE investors sit on 13% loss

December 28, 2012 | TEAM VCC

In dollar terms, investors such as Temasek and KKR are sitting on a bigger notional loss on their investment made at the peak of the stock market boom five years ago.

CARE share price rockets on listing, PE investors sit on 75% gains

December 26, 2012 | Vivek Sinha

Even after a run-up in price, the ratings-cum-research firm is trading at a discount, compared to its peers S&P-backed CRISIL & Moody’s-backed ICRA, as per VCCircle estimates.

DLF promoters to sell shares in Q1 FY14, deal to fetch over $250M

December 19, 2012 | Pooja Sarkar

Promoters looking to use the tailwind from recent asset sales to generate investor interest, which has been subdued due to debt pile-up.

Videocon lines up IPO for DTH biz, eyes up to $128M

December 17, 2012 | TEAM VCC

A slew of DTH services providers are PE-backed companies, including the top two players – Dish TV (Apollo Management) & Tata Sky (Temasek).

SEBI sets new rules to prevent flash crashes

December 14, 2012 | Reuters

The measures come after an erroneous trade order of more than $125m from a broker at Emkay Global Financial Services sent shares sharply lower in Oct.

Puravankara promoters hiring bankers for stake dilution, decision by Jan-end

December 13, 2012 | Pooja Sarkar

Ravi Purvankara needs to cut holding by approximately 14%, which is worth Rs 286Cr currently.

Bharti Infratel's up to $830M IPO fully covered

December 13, 2012 | Reuters

The tower arm of Bharti Airtel counts among its financial investors Temasek and KKR.

Kerala startup MobME Wireless to list on NSE SME Exchange

December 12, 2012 | Sainul K Abudheen

It has appointed IDBI Capital Market Services Ltd as the merchant banker.

BT selling $183 million stake in Tech Mahindra

December 12, 2012 | Reuters

Britain's biggest fixed-line telecoms company is also one of the major clients of Tech Mahindra, which provides technology services to global telecoms operators, and its exit is likely to cloud the outlook for future contracts from BT.

Jatias consolidating half of McDonald’s India ops within listed firm Westlife, looking to raise funds

December 07, 2012 | Diksha Dutta

Jubilant Foodworks, the India franchisee for Domino’s chain which is twice the size of Hardcastle, has a market cap of Rs 8,500cr, as against Westlife’s Rs 275cr.

I-bank AGacquisitions to launch hedge fund; focus on index strategy

November 23, 2012 | Madhav A Chanchani

Fund to register under SEBI’s AIF guidelines; targets AUM of $30 million by next year.

I have not sold my Family Silver, I have only embellished it: Vijay Mallya

November 09, 2012 | Pooja Sarkar

Bulk of the money raised from the deal may go for revoking promoters pledged shares of United Spirits and to public listed group firm United Breweries (Holdings).

Magma Fincorp acquires GE Capital India’s housing finance & home equity loans biz

November 08, 2012 | Bruhadeeswaran R

KKR & IFC-backed NBFC would get access to loan assets worth Rs 1,600 crore as part of the twin deal valued at book value.

Stock broker SMC Global files for IPO; ‘blank cheque’ investor Millennium India may part-exit with loss

November 02, 2012 | Madhav A Chanchani

South Africa’s financial services major Sanlam will hold 7.81% while media group BCCL will have 3.58% stake in the brokerage post issue.

Fortis-sponsored hospital services biz trust raises $419M via Singapore listing

October 19, 2012 | TEAM VCC

Units of Religare Health Trust were trading around 10% discount to the IPO price before the close of trading on debut on Friday.

Lilliput revives IPO plan, offers shares to vendors for outstanding payments

October 18, 2012 | Diksha Dutta

This follows a virtual write-down by PE firms Bain Capital & TPG on their $86m investment in the firm after a legal spat with Lilliput promoters over accounting practice.

IndusInd picks banks for up to $300M share sale

October 17, 2012 | Reuters

IndusInd Bank has picked three banks including Morgan Stanley and Asia-Pacific brokerage CLSA for a sale of shares that could raise between $250 million and $300 million.

Biz software firm Workday co-founded by Aneel Bhusri flares to multi-billion dollar valuation on listing

October 16, 2012 | Sainul K Abudheen

Workday had raised $250 mn from investors, including Greylock Partners, NEA, T Rowe Price, Morgan Stanley Investment, Janus Capital and Amazon CEO Jeff Bezos.

Mahindra & Mahindra Financial Services to raise $175M

October 10, 2012 | Bruhadeeswaran R

It has been working to become a full-fledged financial services company with intent of doubling its balance sheet every two years.

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