January 2007
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Cash-rich PEs feed on distressed assets mart

MUMBAI: India is becoming a hot destination for ‘scavenging’. Cash-rich private equity distress funds are hovering atop the $35-billion distressed asset market in the country sighting enormous wealth-creation opportunities.

According to experts, 2006 has been an eventful year for distress … […]

Indivision invests Rs 50 cr in VLCC

There are big bucks to be made in the beauty business. With this realisation, the private equity fund Indivision has invested Rs 50 crore into the prominent beauty  major VLCC for an undisclosed equity stake.

The fund infusion will help … […]

Catholic Syrian to seek RBI nod for stake sale

The Kerala-based Catholic Syrian Bank is in the process of seeking the Reserve Bank of India’s (RBI) permission to sell a 15 per cent stake in the bank to AIF Capital Development, a Mauritius-registered private equity firm.
With a … […]

India is in for a liquidity crunch

INDIA'S real estate and stock markets are heading for a correction, with a liquidity crunch in the banking sector likely to accelerate the trend, according to one of the country's most influential bankers.

Indian stock valuations are inflated and property … […]

CCEA to weigh JM’s Rs 900-cr PE fund

A Proposal from JM Financial Trustees Company to set up a Rs 900-crore private equity fund has been referred to the Cabinet Committee on Economic Affairs (CCEA). The Mumbai-based trust is meant to mobile funds in the domestic market as … […]

Blackstone invests $275 mln in India's Ushodaya

MUMBAI, Jan 29 (Reuters) – U.S. private equity firm Blackstone Group [BG.UL] has invested $275 million in Indian media company Ushodaya Enterprises Ltd. for an undisclosed stake.

The Blackstone Group will also have representation on the Ushodaya board, a joint … […]

PFC in the dark over venture fund allies

India Power Fund — a power sector venture capital fund to be promoted by Power Finance Corporation (PFC) — has remained a non-starter even after two years of its announcement. Meanwhile, a number of private equity funds are gearing up … […]

2007 may be the year of auctions

NEW DELHI: GE puts its plastic business for sale, Philips sells its semi-conductor business to a PE consortium. This global phenomenon of buyouts is all set to find its way to India and some of them will be accompanied by … […]

UBS to enter India via StanChart MF buy

MUMBAI: Swiss financial services giant UBS is all set to enter the Indian mutual fund industry by acquiring Standard Chartered Mutual Fund for about Rs 580-600 crore.

The deal values StanChart MF at close to 4.6-4.7% of its total assets … […]

Citigroup VC may invest $15 mn in AnandRathi

Citigroup Venture Capital (CVC) is in talks to acquire 10-15 per cent stake in AnandRathi Securities, the Mumbai-based securities and wealth management firm, for nearly Rs 70 crore ($15 million). This investment in the Rs 150 crore firm is a … […]