Vedanta sweetens merger plan for Cairn shareholders
A year after London-listed mines and energy company Vedanta Resources Plc moved to merge cash rich oil unit Cairn India Ltd with its flagship but debt heavy Indian arm Vedanta Ltd (formerly Sesa Sterlite), it has now proposed to tweak the plan.It has now proposed to issue one equity share ......
Apollo Global invests $60 mn in developer Logix’s projects
The US-based private equity major Apollo Global Management has invested Rs 400 crore ($60 million) in Noida-based developer Logix Group through a structured finance transaction, the Indian company said in a statement.The capital will enable Logix to complete construction of all its exiting residential and commercial projects, the statement said.Shakti ......
Samena Capital eyes quick churn from IPO-bound Tejas Networks
Dubai alternative investment group Samena Capital has acquired a small stake in Bangalore telecom equipment company Tejas Networks Ltd ahead of its impending public listing. But Samena, which has a multi-strategy investment platform including special situations private equity practice, is looking to liquidate the stake soon.Tejas Networks is looking to ......
Ericsson To Sell Novatiums Thin Client NetPC Globally
The low-cost netPCs of Chennai-based Novatium Solutions Pvt Ltd will find its way into the developed markets. Thin ......
India’s leading healthcare summit to discuss business opportunities; few seats left
India’s healthcare industry is growing at an unparalleled rate and presents business opportunities for entrepreneurs ......
Equator Capital strikes gold from second India exit
Emerging markets focused private equity investor Equator Capital has struck its second exit from its Indian portfolio with multi-fold returns. Equator that essentially invests in financial services space and had backed two firms in the country before it made its fresh bet on a local firm last month, has exited ......
Sumitomo to invest $84 mn in Indian auto component JV Motherson Sumi
Japan's Sumitomo Wiring Systems Ltd will invest as much as Rs 562.5 crore ($84 million) in its Indian auto components joint venture Motherson Sumi Systems Ltd, either through a preferential allotment of equity shares or through foreign currency convertible bonds (FCCB).The proposed issue was approved by Motherson Sumi's board on ......
Kotak Private Equity scores a multi-bagger exit
Kotak Private Equity, the alternative investment arm of the country’s fourth biggest private lender Kotak Mahindra Bank, has struck an exit from its healthcare-focused fund in what translates into its best known returns in rupee terms.The PE firm has sold its remaining 2.3% stake in Ahmedabad firm Advanced Enzyme Technologies ......
New Silk Route’s Darius Pandole quits to head JM Financial’s PE unit
Darius Pandole, partner at private equity (PE) fund New Silk Route (NSR), is moving out to join JM Financial Ltd to head its private equity unit.Mint reported that Pandole has resigned from NSR and would be leaving the PE firm shortly to head the PE unit of JM Financial.JM Financial ......
Warburg Pincus to invest $125 mn in former Future Supply CEO’s logistics startup
Private equity firm Warburg Pincus has agreed to invest up to $125 million (Rs 835 crore) in a logistics startup floated by Anshuman Singh, who until recently headed the supply chain arm of retailer Kishore Biyani’s Future Group.Singh started Stellar Value Chain Solutions Pvt. Ltd only last month after quitting ......
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