By 21 February, 2014

CLP Wind Farms, plans to sell a minority stake to global private equity investors to raise up to Rs 1,200 crore ($ 192 million) to fund expansion, two people with direct knowledge of the development said. The company, a unit of Hong Kong-listed power generator CLP Holdings, has appointed Standard Chartered Bank to scout for investors, these people said. The company is now seeking to raise between $150 million and $200 million from PE investors and is in talks with global funds. The stake offered will range from significant minority to a majority. (The Economic Times)

IIHFL plans to raise up to Rs 200 crore via NCDs: Housing Finance Ltd (IIHFL) is planning to garner up to Rs 200 crore ($32 million) through non-convertible debentures to support its financing activities. NCDs (Non-Convertible Debentures) are loan-linked bonds issued by a company that cannot be converted into stock and usually offer higher interest rate than that of convertible debentures. The capital garnered through the issue would be utilised for the company's various financing activities including lending and investments. IIHFL is the housing finance arm of diversified financial services company India Infoline. (The Economic Times)

Atchayam looks out for fresh PE funding, launches Foodbox: Atchayam Business Solutions Pvt. Ltd., a start up firm based out of Chennai, is in talks with private equity players for fresh round of funding. The company is in talks with private equity players for fresh round of funding. The firm plans to invest Rs 60-70 crore ($9-11 million) in the next two years, said Ramesh Narayanan, chief financial officer of the company. The company had received funding from the US-based private equity firm during the first round. (Business Standard)

Usha Shriram starts hunt for investors including private equity firms: Usha Shriram Enterprises is in talks with several potential investors, including private equity firms to sell a part or whole of the unlisted company that manufactures lights, fans, cookware as well as other small appliances, several people with knowledge of the matter said. Key bidders among private equity players include SAIF Partners, Actis Capital and Everstone Capital, said one of the people. Rivals Bajaj Electricals and Orient Electricals as well as battery and flashlight maker Eveready are among those who are bidding for its units rather than the entire company. The promoter is looking for a deal at an enterprise value of Rs 200 crore ($32 million). While talks are yet to reach a finalization stage, a deal is imminent, this person said. (The Economic Times)

Courtesy: VCCEdge

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