March 2024
M T W T F S S
« Sep    
 123
45678910
11121314151617
18192021222324
25262728293031

Contact us

Canbank VC invests in Scotts Garments

Canbank Venture Capital Fund Limited (CVCFL), a subsidiary of Canara Bank, has picked up 6.11 per cent stake in Bangalore-based Scotts Garments Limited for Rs 20 crore. The CVCFL has made the investment through its Emerging India Growth Fund, a Rs 500 crore fund. Scotts Garments, promoted by Naseer Ahmed in 2002, is a 100 per cent exp-ort oriented unit with rea-dymade garment manufacturing facilities at Bangalore and processing unit at Tirupur in Tamil Nadu. The company has been exporting […]

Info Edge India invests Rs.5 crore in www.happilyunmarried.com

Info Edge (India) Ltd has invested an amount of Rs. 50 million (Rs. Fifty million) through optionally convertible cumulative redeemable preference shares in Happily Unmarried Marketing Private Limited for about 25% of the Company, on a fully diluted and converted basis.

The Company is engaged in the business of designing & selling fun products through offline stores and will also now be expanding its online business through its website www.happilyunmarried.com. Source: Equity Bulls

PE firm NSR likely to buy India rights of Nando’s

Food connoisseurs aren’t likely to forget the taste of flame-grilled peri-peri chicken in a hurry. But Nando’s, a South African restaurant chain of Portuguese theme, will see its India rights acquired by a new owner shortly, said people familiar with the matter. Private equity firm New Silk Route (NSR) is likely to acquire 74% stake in Nandos Indage Restaurants, a group company of the pioneering wine maker Shamrao Chougule family, which controls the financially troubled Indage Vintners. The $1.4-billion NSR […]

Standard Chartered PE to invest $35 mln in India’s Prime Focus

Private equity arm of Standard Chartered Plc will invest $35 million in Indian visual entertainment services group Prime Focus Ltd at a maximum price of 53 rupees per share, the Indian firm said. In addition, the company will issue warrants to the promoter Namit Malhotra, representing a right to subscribe to equity shares, for an aggregate amount of 1.04 billion rupees ($19.57 million) on preferential basis. These warrants are convertible into equity shares at a maximum price of 53 rupees […]

PE majors in race for stake in Transpole

The Indian logistics sector is turning out to be a hot destination for private equity investors, with the government allowing foreign direct investment (FDI) in multi-brand retail. In a recent development, three private equity (PE) majors — said to be ChrysCapital, Everstone Capital and Tata Capital — have joined the race to acquire minority stake in Delhi-based Transpole Logistics, a Rs 500-crore company with presence across India, China, South Korea and Southeast Asia. Avendus Capital is advising Transpole on the […]

State’s first private equity deal gives 25 cr boost to education

Gujarat’s first private equity deal in education sector, Kaizen Private Equity LLC has picked up an undisclosed stake by investing Rs 25 crore ($4.5 million) in Ahmedabad-based Altus Learning Private Limited, which runs CalorX brand of schools. Altus, which is promoted by educationist Manjula Pooja Shroff, currently manages 16 schools, mostly in Ahmedabad. “We chose Altus because it is instrumental in supporting schools with 6000 students and offers quality education,” said Sandeep Aneja, founder and managing director of Kaizen Management […]

Everstone invests Rs 200 crore in publishing house S Chand

Private equity major Everstone Capital today said it has invested Rs 200 crore in a leading publishing house S Chand and Company. “S Chand is one of the largest educational publishing houses in India. With widespread distribution, experienced management and strong macro tailwinds, it is uniquely positioned to consolidate the market and deliver the necessary content to students and educational institutions across India,” Everstone Capital’s Managing Partner Sameer Sain said in a release issued here. The education publishing market in […]

StanChart PE to invest $35 mn in Prime Focus

Prime Focus Limited (PFL), a global provider of creative and technical post production services for broadcast, commercials and films, will receive $35 million in equity investment from Standard Chartered Private Equity (Mauritius) to support its growth plans. The company is also in talks with lenders to raise long term debt to support redemption of $55 million of FCCBs (foreign currency convertible bonds) towards the end of this year. The equity investment by Standard Chartered Private Equity will be via allotment […]

Blackstone invests $100 mln in Indian tractor manufacturer

The Blackstone Group has invested $100 million for a 12.5 percent stake in India’s International Tractors Ltd (ITL), the U.S. private equity company said in a statement on Monday. ITL, which manufactures tractors, is the flagship company of India’s Sonalika Group. Source: Reuters

Norwest Venture Partners invests Rs 120 cr in Thyrocare

Thyrocare Technologies, a Mumbai-based medical diagnostics services provider, has raised about Rs 120 crore from private equity (PE) firm Norwest Venture Partners (NVP). Through the deal, Thyrocare has diluted about 10 per cent stake in the company, it is learnt. As part of the agreement, Sohil Chand, managing director of NVP India, would join Thyrocare’s board of directors. The diagnostics market in India is estimated at Rs 10,000 crore. Thyrocare’s network of 20,000 service centres across 1,000 cities and towns […]