June 2007
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Hindujas to develop 4,000 acres, may rope in private equity

The Hinduja Group India, which is in businesses ranging from banking to automobiles, plans to develop 4,000acres of land held by its listed units for residential and commercial use, under a company called Asiaa Property Development Ltd, joining a slew of business houses looking to cash in on a real-estate boom in the country. It’s also talking to private equity players interested in partnering the group in this venture. […]

Mallya may bid for 20% more of Deccan

United Breweries (Holdings) Ltd, which has acquired 26% stake in the country’s largest low-cost airline company Deccan Aviation Ltd for Rs 550 crore, will fund the deal partly through internal accruals. In keeping with the laws governing Indian stock markets, UBHL will also make an open offer next week to Deccan Aviation’s shareholders to acquire an additional stake of at least 20%. […]

Avenue Cap to pick 26% in SKIL Infra for $500m

The US-based Avenue Capital Group, a $12-billion hedge fund manager, has signed a deal with Nikhil Gandhi-promoted SKIL Infrastructure to pick up 26% stake for around $500 million. Avenue has raised $2 billion to invest in India’s infrastructure space, and … […]

Khadim eyes PE fund, in talks with global labels for sourcing pact

Footwear retail major Khadim India Ltd (KIL) is considering placing equity with a clutch of private equity investors to raise close to Rs 65 crore for investing in leather goods, footwear and its newly launched departmental store chain business. If deals are clinched with PE investors, Khadim might drop its plan to come out with an initial public offering of equity shares, managing director Siddhartha Roy Burman told FE. […]

France Tele set to buy GTL's IT biz

France Telecom is set to acquire network service provider GTL’s IT business for about Rs 250-300 crore. The acquisition, to be made through France Telecom’s business arm, Orange Business Services, would mark the group’s first acquisition in India.

ET has … […]