Bombay High Court rules in favour of Tata Capital in contempt case
The Bombay High Court has pronounced its verdict in a case where Tata Capital Financial Services Ltd (TCFSL) had accused Madhucon Infra Ltd of failing to keep aside Rs 25 crore from the proceeds of a majority stake sale to a private equity company, despite agreeing to do so in ......
Srei Infra unit may acquire Abhijeet Group’s power project in Jharkhand
India Power Corp. Ltd, a subsidiary of Kolkata-based Srei Infrastructure Finance Limited, is in talks to buy Abhijeet Group’s 1,080 megawatt (MW) power project in Jharkhand, valued around Rs 9,000 crore, according to a news report by the Mint citing a board member of the company.Jyoti Poddar, an independent director ......
Varkey Group acquires stake in Dubai’s International Horizons College
Aiming to enter the fast growing higher education segment in the UAE, leading K-12 Education provider Varkey Group has announced the acquisition of a significant holding in Dubai's International Horizons College (IHC).The group yesterday announced the acquisition of a stake in AHC GCC Investment, the holding company behind the Business ......
Logistics firm Stellar buys majority stake in Kelvin Cold Chain; Ambit Pragma partially exits
Stellar Value Chain Solutions Pvt Ltd, a third-party logistics company floated last year by former chief of Kishore Biyani-led Future Supply Chains Solutions Ltd, on Monday said it has acquired a majority stake in cold chain firm Kelvin Cold Chain. Stellar, however, did not disclose the financial details of the ......
Cyrus Mistry fires another salvo, says Ratan Tata tried to sell TCS
Hitting back at Tatas, ousted Chairman Cyrus Mistry today rejected charges of not contributing anything to the group's cash-cows TCS and JLR and alleged that patriarch Ratan Tata once tried to sell the IT firm to IBM and his "ego" led to bad business decisions like Corus acquisition at double ......
KKR raises $160 mn under new India credit fund
Private equity giant Kohlberg Kravis Roberts & Co Ltd (KKR) has marked the pre-close of its second India-focussed credit fund and aims to make the final close in a few months’ time with a target of Rs 2,000 crore, according to a media report.The PE firm has so far raised ......
How IDFC Alternatives’ new sector-agnostic PE fund would follow a different strategy
IDFC Alternatives, the private equity arm of IDFC group, has marked the first close of its fourth private equity fund at $100 million, a top executive told VCCircle.The firm’s target for the fourth fund is now at $300 million, which is lower than previous estimates, partly due to the depreciation ......
How much returns ad-for-equity investor HT Media will generate from Koovs exit
Delhi-based HT Media Limited is planning a partial or full stake sale of its investment in UK-based Koovs Plc, the parent company of Indian lifestyle online commerce venture Koovs.com, to book profits. In the BSE-listed company’s second quarter conference call with analysts on November 3, Sandeep Jain, chief strategy officer of ......
Apax Partners sells 48% stake in GlobalLogic to CPPIB
Global private equity firm Apax Partners has sold an about 48% stake in GlobalLogic Inc., an offshore software R&D ......
Dheeraj Jain, Anupam Mittal, others back HR analytics platform InFeedo
Human resources (HR) analytics platform inFeedo has raised $200,000 (around Rs 1.34 crore) in funding led by existing investor Dheeraj Jain, managing partner at UK-based hedge fund Redcliffe Capital, and Anupam Mittal, founder and chief executive of People Group.Ameera Shah, chief executive of Metropolis; Vivek Bhargava, group chief executive of ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News