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Citi, TPG place bids for 40% stake in Sharekhan

Private equity fund Texas Pacific Group (TPG) and global financial services major Citigroup have put in their bids to acquire nearly 40 per cent stake held by the promoters in Sharekhan. The bids peg the valuation of the retail brokerage … [...]

PE investment doubles

Private equity (PE) is pouring into India, with investments nearly doubling to $2.5 billion during January-March 2007, riding high on six to seven mega deals during the period. In the corresponding period last year, PE investments totalled $1.27 billion. [...]

Destination India: Pvt equity cos betting big

Enticed by an expanding economy and fast rising consumerism, global private equity firms and financial services companies are going all out to increase their presence in India. Firms which have recently made moves to affirm their interest in Asia’s third … [...]