Mauritius-based foreign venture capital investor New York Life Investment Management India Fund (NYLIM India Fund) has injected USD 12 mn as equity investment into Bajaj Motors Ltd (BML).
Commenting on the deal, BML Chairman-cum-Managing Director V P Bajaj said, “The … […]
Power Co., India's second- biggest utility by sales, agreed to pay $1.3 billion for a 30 percent stake of two coal mining units in Indonesia to secure supplies of the fuel.
PT Bumi Resources, Asia's third-largest coal miner, will sell … […]
Kerry Logistics Network, part of the Hong Kong-based KUOK Group, a conglomerate with diversified interests in logistics, property, hotels & resorts among others, has picked up 51% equity stake in Chennai-based Rs 75 crore Reliable Freight Forwarders for an undisclosed … […]
Moser Baer Photo Voltaic (MBPV), a wholly-owned subsidiary of Moser Baer India, has picked up 40% stake in Slovenia-based Solarvalue Proizvodnja would acquire the stake from Germany-based Solarvalue AG, which currently holds 100% stake in the Slovenian company involved in … […]
Indian language news channel India TV has attracted an investment of $11.5 million from FUSE+Media, an affiliate of leading international venture fund ComVentures.
FUSE+Media has invested in India TV through Mauritius-based CV Global Holdings.
'The partnership will strengthen India TV's … […]
Private equity investor Actis and its affiliates have acquired a 20 per cent stake in Phoenix Lamps for Rs 106.45 crore, taking their holding in the company to over 66 per cent.
The open offer to the shareholders of Phoenix … […]
Global Business Process Outsourcing (BPO) major, Sitel Corporation, acquired TCS and Tata Group's 50% holding in the Sitel India JV for around $22 million.
Sitel India was a joint venture between Tata Group and Sitel, formed in 2000, with both … […]
Batliboi, one of the oldest machine tool and engineering companies, announced that the company has acquired 100% stake in Quickmill Inc. Canada, for a consideration of around Rs. 22 crores.
The Chairman and Managing Director, Nirmal Bhogilal, said that the … […]
Private equity (PE) funds may come under the regulatory scanner in India. Though the ultimate regulator has not been decided upon, both Securities and Exchange Board of India (SEBI) and Reserve Bank of India have formed study groups to analyse the structure and impact of such funds on the investors, the companies in which they invest in and their effect on corporate governance. The issue has gained importance as a working group of International Organisation of Securities […]