A Warburg Pincus group company has acquired Cibernet, one of the world’s most experienced clearing and roaming business service provider for telecom companies across globe and with a sizeable presence in India, for over $200 million.
The move is said ... more »
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Wednesday, May 30
Warburg picks up Cibernet stake for $200 m
by
www.indiape.com
on Wed 30 May 2007 10:56 AM IST
India Equity invests $18m in Ocean Sparkle
by
www.indiape.com
on Wed 30 May 2007 10:55 AM IST
India Equity Partners (IEP), $300-million private equity fund has picked up a minority stake in Ocean Sparkle, an unlisted Hyderabad-based port management company for $18 million. Sources said that IEP has bought this stake at a valuation of $100 million ... more »
Godrej realty arm in talks to raise Rs 200 cr
by
www.indiape.com
on Wed 30 May 2007 10:52 AM IST
Godrej Properties, the real estate arm of the Rs 7,500-crore Godrej group, is learnt to be in talks with private equity investors to raise Rs 200 crore for its two realty projects in Hyderabad and Kolkata. The company is looking ... more » Tuesday, May 29
Metered call taxi service in Mumbai in association with India Value Fund
by
www.indiape.com
on Tue 29 May 2007 07:37 PM IST
V-Link, a fleet management company, has launched 'Meru', a metered call taxi service in Mumbai in association with India Value Fund, a Private Equity fund. The Company has launched 150 taxis in Mumbai and will increase the number to 1,000 by December 2007. more »
Carlyle & AT eye RCOM tower biz stake
by
www.indiape.com
on Tue 29 May 2007 10:48 AM IST
US private equity giant Carlyle and American Towers have formed a partnership to buy and own cellphone tower assets in the country, a person familiar with the situation said. The duo may also bid for buying a minority stake in ... more » Monday, May 28
FINO announces closing of equity placement
by
www.indiape.com
on Mon 28 May 2007 04:46 PM IST
Financial Information Network and Operations Ltd. (FINO), a Mumbai-based biometric enabled smart card solutions provider which is engaged primarily in providing financial and non-financial products and services to the unbanked masses nationally and internationally, today announced the closing of an equity financing round of Rs. 800 million. The investors are broadly divided between private sector banks, public sector banks and international investors.
Private sector equity investors include ICIC Bank, ICICI Lombard and IFMR Trust. Public Sector equity investors include LIC, Union Bank of India, Corporation Bank and Indian Bank. International investors are represented by IFC, a private sector arm of the World Bank Group, Legatum Finance, and Intel Capital, the strategic investment arm of Intel Corporation. FINO intends to use the proceeds from the financing to set up the entire end-to-end solution of doing financial transaction at clients’ doorsteps. more »
Friday, May 25
HDFC to sell shrs to Citi, Carlyle for $767mln
by
www.indiape.com
on Fri 25 May 2007 11:08 PM IST
India's Housing Development Finance Corp. decided on Friday to sell shares to private equity firm Carlyle Group and Citigroup, joining other firms seeking funds to meet robust demand in India.
HDFC, India's largest mortgage firm, will sell 18 million shares, ... more » Thursday, May 24
Reliance Capital acquires stake in Precision Wires
by
www.indiape.com
on Thu 24 May 2007 11:09 AM IST
Anil Ambani Group company Reliance Capital has acquired equity stake in Precision Wires India, a maker of enamelled copper wires, for Rs 17.7 crore.
The Board of Directors of Precision Wires allotted 10 lakh shares at a price of Rs 177.15 each upon conversion of convertible debentures to Reliance Capital Trustee Company on account of Reliance Tax Saver (ELSS) Fund. more »
Raheja`s, Star to sell 15% in Hathway to ChrysCapital
by
www.indiape.com
on Thu 24 May 2007 11:01 AM IST
The Raheja’s and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital. The sale consideration is estimated at around $60 million (around Rs 245 crore), thus valuing the closely-held company at $400 million (around Rs 1,640 crore).
ChrysCapital is buying around 11 per cent from the Raheja’s and another 4 per cent from Star TV, which holds a 26 per cent stake in the company. Star TV had invested $75 million for the stake. more »
NDTV to raise Rs 400 crore; may dilute up to 10% equity
by
www.indiape.com
on Thu 24 May 2007 10:59 AM IST
Television broadcaster NDTV, which has announced plans to float lifestyle and entertainment channels, will raise Rs 400 crore through a mix of debt and equity.
The company's board of directors has approved the fund-raising scheme through preferential issue, qualified institutional placement (QIP), follow-on issue, or rights issue constituting a combination of equity shares, convertible debentures, convertible preference shares and warrants etc. more »
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