October 2007
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Ortel eyes private equity investors

Ortel Communications Ltd, Orissa's leading multi-system operator (MSO), is eyeing private equity investors and plans to raise Rs 2 billion to fund its expansion programme. Ortel has given the fund raising mandate to Equrius. “We are looking to raise money through private equity investors. Though our fund requirement for expansion is Rs 2 billion, we will also be raising debt. The exact debt:equity mix is being worked out,” Ortel Communications promoter Jagi Mangat Panda has told Indiantelevision.com. The MSO is planning to launch cable TV services in Kolkata, Vizag and Raipur. It currently operates in 10 cities of Orissa and ended with a topline of Rs 370 million for the fiscal ended 2006-07. […]

PE firms in fray to pick 40 pc stake in Valecha Infrastructure

A couple of private equity (PE) firms have evinced interest in picking up around 40 per cent stake in Valecha Infrastructure, a wholly-owned subsidiary of mid-sized road construction player Valecha Engineering. “We have plans to dilute 40 per cent stake in Valecha Infrastructure. Two PE players – one from India and another from overseas – have evinced interest to pick up stake in the company. We hope to close the deal shortly,” said, Valecha Engineering Managing Director Jagdish Valecha. Valecha Infrastructure plans to raise Rs 100 crore by diluting the stake and grab orders worth Rs 1,000 crore in one year in three verticals – transport, power and real estate. […]