November 2007
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Carlsberg buys 60% of Parag

Denmark-based beer manufacturer Carlsberg has acquired a 60 per cent stake in Parag Breweries. This is expected to increase Carlsberg’s capacity by 1.6 lakh hecta litres (hl). Joakim Sande, marketing director of South Asia Breweries, through which Carlsberg operates in India, said, “We are looking for a stronghold in the eastern market. Parag Breweries in Bengal proved to be a great opportunity. We will start production there in the first quarter of 2008.” South Asia Breweries is a joint venture between Carlsberg, Denmark’s Industrialisation Fund for Developing Countries (IFU) and a group of investors. Carlsberg has a 45 per cent stake in South Asia Breweries, the IFU holds 10 per cent, while a group of investors, led by Carlsberg’s Sri Lankan partner Lion Brewery Ceylon Ltd, hold the rest. […]

PEs set to bring in $48 billion by 2010

India’s private equity story is getting bigger even as the global credit crunch is squeezing the funds mopup globally. It is believed that private equity funds are in the midst of raising a jaw-dropping $48 billion for the Indian market by 2010. And the way the Indian economy is growing, experts opine the figure could be bigger. “Since 2003, the Indian economy is growing at 8–9% annually in real terms and at 13–15% in nominal terms (including inflation). Some sectors (services and high-end manufacturing) are growing at 10–14% in real terms and 15–20% in nominal terms, thereby attracting VC-PE investment. If this kind of growth continues, the economy can easily absorb $60 billion during 2007–10 and as much as $500 billion during 2007–20,”’ according to Evalueserve chairman Alok Aggarwal. Several PE firms would be willing to invest even more if they saw good investment opportunities, he added. […]