Goldman Sachs’ Vishal Bakshi quits to float Avatar Growth Capital
Vishal Bakshi, who has been with Goldman Sachs Group for the last 16 years, has quit the firm to float his own private equity (PE) firm Avatar Growth Capital Partners, according to his LinkedIn update.Mint that first reported the development citing unnamed sources said Avatar Growth Capital is positioned as ......
Fairfax eyes stake in Catholic Syrian Bank; Bajaj may buy Allianz’s stake in insurance JVs
Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd is looking to acquire a stake of more than 10% in Kerala-based Catholic Syrian Bank, according to a report.The lender is talking to many investors including Fairfax to raise capital, The Economic Times reported citing bank chairman S Santhanakrishnan. The report also ......
Tamil Nadu MFI Gets $4.25M From MicroVest, UEF, Vinod Khosla
Grama Vidiyal Micro Finance Limited (GVMFL), a Tamil Nadu based microfinance institution, has raised $4.25 million from MicroVest and its existing investor Unitus Equity Fund in its second round of fundraising. Vinod Khosla, who had also invested in the first round of funding of GVMFL, has invested in this round too, ......
Several PE firms invest in Suryoday Microfinance
A clutch of private equity firms have invested in Suryoday Microfinance Pvt. Ltd to shake up its shareholding structure and make it compliant to operate as a small finance bank, four persons privy to the development told VCCircle.The Pune-based company has just sealed a deal worth Rs 225 crore ($33.6 ......
Just 2 weeks left for India’s largest agri & food investment summit; 1 day left for early bird discount; register now
The 5th edition of VCCircle Agri & Food Investment Summit 2013 is just two weeks away. The summit will be held on October 24, at Taj Lands End, Mumbai. The early bird discount expires in a day. Register Now.Indian agri and food industry continues to reshape despite food inflation which ......
Maybank To Launch $500M Clean Energy Fund For APAC
Maybank Islamic Berhad has inked an agreement with Maybank MEACP Pte Ltd of Singapore to launch a $500 million private equity fund focused on clean and renewable energy space in India, China and other parts of the Asia-pacific region.Maybank MEACP is a joint venture created by Maybank (of Malaysia) and ......
Recap 2015: Top M&As
An absence of multi-billion dollar deals meant merger and acquisition (M&A) activity didn’t sizzle like private investments that hit a record high this year.However, M&A dealmakers saw hectic activity with the number of deals spiking to 934, the highest ever, according to provisional data from VCCEdge, the data research platform ......
Narendra Modi shuffles his pack; Irani gets textiles, HRD goes to Javadekar
The NDA government's high-profile minister Smriti Irani was tonight shifted from the key HRD ministry and given a less significant textiles portfolio. She has been replaced with the newly elevated Cabinet minister Prakash Javadekar after an expansion of the Union council of ministers and reshuffle in which finance minister Arun ......
Sun Pharma shares fall over US FDA warning on Halol plant
Shares of Sun Pharmaceutical Industries Ltd fell as much as 7.5 per cent on Monday after the US Food and Drug Administration warned India's top drugmaker about its Halol facility in Gujarat.The FDA warning letter is based on its inspection of the plant in September 2014, the company said in ......
Europe’s Spark10 creates $100M corpus to back Indian startups
European startup accelerator Spark10 said on Tuesday that it will be investing as much as $100 million (Rs 660 crore) in Indian startups in two years as it launches its accelerator programme in the country.It is not unusual for accelerators to create a parallel venture capital funding unit but Spark10's ......
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