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News Roundup: Jet Airways could be first off the ground with FDI from Etihad

19 September, 2012

Jet Airways could be first off the ground with FDI from Etihad: Jet AirwaysBSE and Etihad Airways are in discussions for a possible deal that could see the Middle-Eastern carrier pick up a minority stake in the country’s oldest surviving private airline, according to three people familiar with the talks. (The Economics Times)

Piramal’s PE arm betting big with new funds, more exits: Unperturbed by the exit of its senior executives, Ajay Piramal-owned realty PE firm Indiareit Advisors is on an expansion spree with launching new funds and about 12 exits in next one year. The PE firm which has Rs 4,900 crore of assets under management (AUM) is set to close its latest Mumbai Redevelopment Fund by this week. (Business Standard)

CarZ in talks with PE players to raise Rs 120Cr: CarZ, a Hyderabad-based start-up which is into multi-brand auto solutions space, is looking at raising Rs 120 crore (around $25 million) from PE (private equity) players by February 2013.”We are currently under discussions with multiple PE investors from India as well as abroad, who have shown interest in us. We may raise the money from a single investor or multiple investors, but nothing has been finalised yet,” Venu Donepudi, co-founder and managing director of CarZ, told Business Standard. (Business Standard)

HSBC may offload 5.8% in LIC Housing Finance: The market is abuzz with speculation that global banking major HSBCBSE is looking to sell its stake in LIC Housing FinanceBSE. According to exchange filings, it holds around 5.8% stake in the firm, valuing the transaction in the range of Rs 700-800 crore. The stock fell 3% to close at Rs258 on Tuesday. (The Economics Times)

 

IDFC Alternatives keen to invest in DTH, cable, telecom infra firms: IDFC Alternatives, previously known as IDFC Private Equity, will seek to take exposure in sectors spanning DTH, cable and telecom infrastructure companies going ahead, said Girish Nadkarni, partner at IDFC Alternatives.

M&M may looks to buy fiat brand if put for sale: Mahindra & Mahindra could acquire fiat brand if the Italian company were to put one up for sale. The company acquired the Korean Ssangyong in 2010. In addition to Ssangyong, the firm also acquired Reva, which is fundamental for the development of electric city car. (la Repubblica.it)

Courtesy: VCCEdge                                                                 


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News Roundup: Jet Airways could be first off the ground with FDI from Etihad

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