International Finance Corporation (IFC), the private equity arm of the World Bank, will invest $22.5 million (Rs91.71 crore) in a subsidiary of Moser Baer, a manufacturer of optical storage discs.
IFC would be investing the amount in an export oriented … [...]
After raising Rs20.28 crore from Larsen & Toubro Limited through a preferential issue of 12 lakh shares of Rs10 face value at Rs169 per share earlier this year, the board of the Kumbakonam-headquartered City Union Bank Limited has decided to … [...]
Bennett, Coleman & Co, owners of the Times Group, is believed to have bid for 2-3 per cent stake in the Bombay Stock Exchange (BSE). A senior executive of the company said: “Yes we have bid for a small stake. BSE is expected to revert soon. We have not got the allotment though.” Bennett, Coleman is supposed to have paid around Rs 70 crore for the stake. [...]
India Value Fund (IVF), which has a corpus of $600 million, has invested a further Rs 50 crore in SFO Technologies, a group company of the $200 million NeST Group. The investment comes after a year when IVF invested Rs 100 crore in this Kerala-based group as growth capital. [...]
New York Life Investment Management India Fund has picked up a minority stake in the Bangalore-based Avestha Gengraine Technologies (Avesthagen) for Rs 22.5 crore. Avesthagen will invest the money in expanding its business and to increase its global presence. Avesthagen is focussed on the convergence of food, pharmaceuticals and clinical genomics. The company provides solutions to agriculture and health disorders such as degenerative diseases, metabolic disorders and infections. [...]
Fire Capital Fund Mauritius, a global venture capital fund, plans to invest up to $250 million to develop integrated townships in 10 cities. By the year-end, the firm would also raise a $500 million fund to be dedicated to real estate and components of infrastructure, said Om Chaudhary, managing director, Fire Capital. [...]