IIFL Realty Fund Invests In Mumbai Redevelopment Project - IIFL Alternate Asset Advisors Ltd, a part of the India Infoline Group, has made the first investment from its first private equity (PE) fund, putting money in a central Mumbai slum redevelopment project. IIFL Real Estate Fund (Domestic Series I) has committed Rs 80 crore in a housing society-cum-slum-redevelopment project in Mumbai’s Sion Koliwada area that will generate about 1.2 million sq. ft of saleable space. (Mint)

SUN Apollo To Invest In Assotech - Assotech, a popular name in the real estate industry in North India has announced the launch of its premium housing project Assotech Blith in Sector 99, Gurgaon. The company has roped in well-known real estate private equity player SUN-Apollo and will invest Rs 500 crore in the project.

To be spread across 12 acres, the project will have 586 apartments. (Financial Chronicle)

Carlyle Eyes New Asia Buyout Fund At $3.5B - Carlyle Group LP (CG), the private-equity firm that went public this month, plans to seek about $3.5 billion for its fourth buyout fund in Asia. Carlyle, which has made initial approaches to investors, has yet to start marketing the fund, one of the people said, asking not to be identified because the information isn’t public. At $3.5 billion, the buyout fund would be Carlyle’s biggest targeting Asia. (Bloomberg)

Docomo Stake Hike After Results - Japanese giant NTT Docomo will decide on increasing stake in Tata Teleservices after seeing the latter's financial and operational numbers for FY12, due in the coming weeks. Docomo has the option to raise its shareholding to 35% four years after buying 26% in the Indian telco for $2.7 billion. Docomo will have 45 days after Tata Tele comes out with earnings for the last fiscal to decide whether or not to buy additional shares. (Times of India)

Bajaj Finserv To Raise Rs 1,000Cr - Bajaj Group's financial services holding company Bajaj Finserv today said it plans to raise about Rs 1,000 crore through issue of securities. The board has approved a proposal for fund raising through issue of equity shares or securities convertible into equity shares, by way of a qualified institutions placement, private placements, issuance of ADRs, GDRs among others up to an aggregate amount of Rs 1,000 crore. (Economic Times)

CESC Buys Indiabulls Hydel Power Projects - RP-Sanjiv Goenka Group flagship company CESC Ltd has taken over two hydroelectric power projects of India Bulls Group in Arunachal Pradesh, with an aggregate capacity of 146 mega watt. The company said in a statement to the Bombay Stock Exchange that it has acquired Pachi Hydro Power Projects Ltd and Papu Hydropower Projects Ltd, both belonging to India Bulls Group. (Business Standard)

Prizm Payments Eyes Massive Rs 500Cr PE Infusion - Payment service provider Prizm Payments is looking to raise over Rs 500 crore from private equity investors to fund its expansion plans. The company is hoping to get a contract of around 8,000 ATMs and is in the process of hiring an investment bank. Last year, the company had raised funds from PE firm Sequoia Capital. (Economic Times)

GMR Raises Rs 200Cr From ICICI Bank - GMR Infrastructure today said it has raised Rs 200 crore through allotment of secured non-convertible debentures to ICICI Bank Ltd. This is the second such fund raising from ICICI Bank by the Hyderabad-based infrastructure firm in the last 3 months. On February 25, the company had raised Rs 350 crore from the private sector lender by allotting non-convertible debentures. (Economic Times)

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