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IL&FS arm targets $900m mop-up for realty sector

NEW DELHI: IL&FS Investment Managers (IIML), the private equity arm of IL&FS, is planning to raise funds worth $900 million this year for investments in infrastructure, real estate and hospitality.

While it’s raising a $400-million proprietary fund, it’s also in … […]

Indian firms top Asia-Pacific in private-equity investments

Indian companies attracted $2.2 billion in private-equity investments last year, the most in the Asia-Pacific region, said a Thomson Financial report released on Monday.

The firms received the investments in 143 deals. Chinese companies emerged second with $1.7 billion from … […]

Providence of US to buy stake in Asianet

MUMBAI/BANGALORE: US private equity giant Providence is buying a minority stake in Rajan Raheja’s Asianet Satellite Communications, Kerala’s largest cable operator, as rising growth and expanding reach make cable firms a valuable property.

A source close to the negotiations said … […]

Investment banks betting on growing M&A deals in India

With a surge in the number of global merger and acquisition (M&A) deals involving Indian companies, revenues of investment banks from India have shot up 23 per cent in 2006 to $413 million.

While the sheer quantum of M&A deals … […]

Start-ups attract 20% PE funding

Private Equity (PE) investments in start-ups accounted for 20 per cent of the overall PE investments in the country, which stood at $7.46 billion in 2006 (over 299 deals). The percentage is expected to improve since PE investments are estimated … […]

Blackstone raising $10 billion as property funds go big

TOKYO/HONG KONG (Reuters) – U.S. private equity fund Blackstone Group is raising $10 billion for one of the biggest ever global property funds, sources familiar with the matter said on Thursday.

The move comes in the wake of reports first … […]

ANALYSIS – Talent war takes bite out of India bank profits

MUMBAI/HONG KONG (Reuters) – Two years ago, the head of Indian trading at a global investment bank lamented that, despite his support and the lure of much more money, few of his talented local staff were chasing jobs in New … […]

India's 2007 IPO Party

A harmonic convergence of near double-digit economic growth, a roaring bull market, and expansion-minded executives has set the stage for another year of high-volume initial public offering activity in India. And this year could be a record-buster, according to … […]

IL&FS Investment in fund JV with Abu Dhabi firm

MUMBAI (Reuters) – IL&FS Investment Managers Ltd. said on Wednesday it has entered into a joint venture with Abu Dhabi Investment Co. (ADIC) for a private equity fund to invest in infrastructure assets in Middle-East and North Africa.

IL&FS and … […]