Sequoia Capital India, UTI Ventures and ChrysCapital emerged as the leading Private Equity/Venture Capital firms in various categories at the Second Edition of the Venture Intelligence APEX Awards. While ChrysCapital topped in the Private Equity firm category for 2007, UTI Ventures emerged as the winner in the Private Equity Firm-Growth category and Sequoia Capital India took home the award in the Best Venture Capital Firm category. Among PE/VC-backed companies, Genpact received the private equity-backed company award, Firstsource the private equity-backed company – growth award, and MindTree Consulting the venture capital-backed company. The awards were given away at Venture Intelligence APEX '08, an annual conclave where the Indian Private Equity industry introspects, brainstorms on the way forward and rewards its best. The conclave was organised by Venture Intelligence, a provider of information and networking services to the private equity and venture capital ecosystem in India   more »

Deal values the company around Rs 4,500 crore. In one of the major private equity deals in the country, infrastructure developer Ashoka Buildcon has offloaded 15.62 per cent stake to IDFC’s private equity fund for around Rs 700 crore. The move is of significance, as apart from being one of the major pre-initial public offerings (IPO) deals, this values the unlisted company around Rs 4,500 crore. The promoters of Ashoka Buildcon has offloaded 15.62 per cent stake of the company’s equity capital, amounting to around 72 lakh shares, to IDFC Infrastructure Fund II. The deal was sealed at Rs 980 per equity share, sources close to the development said. Pursuant to the stake acquisition, IDFC PE Fund’s stake rose to 18.18 per cent from the earlier 2.56 per cent it had bought in the Nashik-based infrastructure major.   more »