Blackstone In Talks For Unitech SEZs – US private equity firm Blackstone is in talks with real estate developer Unitech to buy its two special economic zones in Gurgaon and Noida and an IT park in Kolkata in a deal worth over Rs 3,000 crore. Blackstone is carrying out due diligence on the properties, which are part of AIM-listed Unitech Corporate Parks. The two SEZs under consideration have about 3.5 million sq ft of built-up space, of which about 60% is leased. The information technology park in Kolkata is spread over 1.90 million sq ft. (Economic Times)
KKR Gathers $2B For Second Asia Fund – KKR & Co. (KKR) is gathering $2 billion in the first round of capital raising for a new Asia fund. KKR is seeking as much as $6 billion for the fund and plans a first close in June. KKR raised $4 billion for its first Asia fund in 2007. That fund was generating an 11.3 percent net internal rate of return as of Sept. 30. (Bloomberg)
ValueFirst Buys Way2Online For Rs 200Cr – ValueFirst Messaging, an enterprise mobility and communication services company, has acquired Way2Online Interactive that owns way2sms.com and 160by2.com – websites used by millions to send free text messages to any mobile phone in the country. The all-cash deal that industry sources reveal to be close to Rs 200 crore marks the third complete acquisition by the mobile value-added services player since 2009. The deal has been funded through internal accruals and investment from New Enterprise Associates and Headland Asian Ventures Fund. (Economic Times)
Xander In $600M Retail Foray – Global private equity firm Xander Group will invest $600 million ( Rs. 3,300 crore) to set-up a pan-India portfolio of retail, lifestyle and community centres. Virtuous Retail, which is sponsored by the Xander Group, will develop these projects in cities that include Bengaluru, Mumbai, Pune and Kolkata. Its Surat project is already operational.
Videocon Raises $51M Through GDRs – Videocon Industries has closed its $51.02 million Global Depository Receipts issue, said a company statement on Tuesday. The GDR is worth about Rs 282 crore at the current rupee dollar exchange rate. The company has allotted 1.575 crore equity shares for 1.575 crore GDR at a price of $ 3.2395 a GDR. The rupee equivalent works out to Rs 174 a equity share. (Business Line)
Legacy To Buy Six Australian Coal Tenements – Legacy Iron, the Australian arm of state-owned NMDC is set to acquire six coal tenements in Queensland. The move to acquire coal assets is part of company’s strategy to become strong in steel making related fields. Recently NMDC had acquired 50 per cent stake in Australia’s Legacy Iron.
Vodafone May Postpone IPO – Vodafone India may not go ahead with its planned initial public offer (IPO) in 2012 if the government accepts the proposals of the Telecom Regulatory Authority of India (TRAI) with regard to auction of telecom spectrum. Vodafone India reported a 19.5 per cent growth in revenue for the year ended March 2012 at Rs.32,184 crore. The operating profit was up 21.6 per cent at Rs.8,549 crore. (The Hindu)