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Avendus India to invest in outsourcing sector

Private equity fund and investment banking firm Avendus Advisors Pvt Ltd said its $200 million fund will invest in India's outsourcing sector, its chief said on Friday.

The fund was launched in December in association with US-based venture capitalist Mayfield … […]

Chrys Cap selling BPO to Aegis

Private equity major Chrys Capital and other investors are selling credit Global Vantedge to the Essar-owned Aegis Communications for around Rs 100 crore. Chrys Capital, which owns 75% in Global Vantedge, had set up the BPO in 2001. It’s headquarters are based in the US and it employs 1,500 people in tow centres in Gurgaon.

It specialises in credit and receivable management and its customers include credit card companies, telcos, and auto companies primarily in the US and Uk. […]

IT sector to get full govt backing

The IT sector has everything to be happy about. The government’s policy framework for the software industry will continue to be supportive and enabling, rather than be a barrier to progress and innovation, Prime Minister Manmohan Singh said at the … […]

Avendus floats $ 200 mn India specific fund

Mumbai, Feb. 9 (PTI): Leading Indian investment bank Avendus Advisors today said that it is in the process of floating a 200 million dollar India specific fund for investing in diversified sectors.

“We are in the process of an India … […]

Morgan Stanley invests Rs 675 cr in Oberoi Constructions

In one of the largest private equity deals in real estate sector, Morgan Stanley Real Estate has invested Rs 675 crore in Mumbai-based Oberoi Constructions for an undisclosed stake. There were a total of 14 funds in the bid for … […]

India emerges top destination for private equity in January

Mumbai: India has emerged as the most favoured private-equity destination attracting $1.24 billion worth of investments in January, surpassing China and Japan, according to a study published by the Asian Venture Capital Journal (AVCJ).

India topped the PE investment ranking … […]

GIC, IDFC buying 25% of Quipo Infra

MUMBAI: Government of Singapore Investment Corporation (GIC) and IDFC are close to buying about 25% stake in Quipo Infrastructure Equipment (QIEL) for $50m. A large part of the investment will go to Quipo’s telecom infrastructure business, sources told ET.

Both … […]

JM Financial fund invests USD 200 mn in two firms

JM Financial  India Fund, a USD 200 million (about Rs 9,000 million) private equity fund sponsored by JM Financial and Old Lane Partners, has decided to make two new investments, reports Business Standard.   
  
The fund has invested Rs 1,200 … […]

Property funds look for professional help

MUMBAI: The unprecedented boom in the real estate sector has led to an increased demand for real estate professionals not only from the companies engaged in the business, but also from a large number of private equity funds, targeting the … […]

JM Financial India Fund to invest Rs 120cr in Sona Group

JM Financial India Fund, a US$ 200 million corporate private equity fund, sponsored by JM Financial Limited and Old Lane Partners LP, shall invest Rs.120 crore in the Sona Group (with an option to invest another Rs.40 crore at a … […]