March 2007
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Fortune Financial sells 22% stake

Mumbai-based financial service provider Fortune Financial Services India Limited (FFSIL) is learnt to have diluted 22% of its equity to a group of UK-based foreign institutional investors for Rs 22 crore. The investors, headed by Lytton Group Corporation, have valued … […]

March 27th, 2007

Emaar MGF denies Deutsche Bank deal report

Property developer Emaar MGF Ltd. denied a newspaper report on Sunday that Deutsche Bank had bought a small stake for USD 1 bn ahead of an initial public offering.

Emaar MGF Chairman and Managing Director Shravan Gupta told agencies there … […]

March 26th, 2007

ADM to pick up 10% in S Kumars, Brandhouse

Hong Kong-based private equity firm ADM Capital is investing $107 million into S Kumars Nationwide Ltd and its retail arm Brandhouse Retail.

ADM will invest $82 million to acquire a 10% stake in the S Kumars Nationwide and $25 million … […]

March 26th, 2007

Deutsche Bank pays $1 bn for 5% in Emaar-MGF

Firm is gearing up to float an IPO and has now raised its targetted mop-up to Rs 25K cr.
 
New Delhi-based real estate company Emaar-MGF, which is gearing up to float an initial public offering, has sold under 5 … […]

March 25th, 2007

IDG Ventures invests $2 million in Manthan Systems

IDG Ventures India, an early-stage technology venture capital fund, has invested $2 million (Rs.8.8 million) in Manthan Systems Ltd, a software product firm focused on business intelligence and analytics in the retail segment.

The venture fund raised from IDG would … […]

March 24th, 2007

Citigroup’s PE arm buys 19.9% stake in Anand Rathi

In a major comeback within a short span of four years, the Anand Rathi Securities Ltd (ARSL), promoted by former president of Bombay Stock Exchange (BSE) announced that Citigroup Venture Capital International (CVCI), a leading foreign private equity player, has … […]

March 24th, 2007

Govt clears 29 FDI proposals worth Rs 837 cr

The government on Friday allowed JM Financial India Property Fund to bring foreign investment to the tune of Rs 560 crore. The fund will be invested in venture capital funds and financiers—funding Indian real estate development.

This was amongst the … […]

March 24th, 2007

VASCO picks up stake in Fortis Healthcare for Rs 106.89mn

Fortis Healthcare, FHL, one of the largest private healthcare companies in India, announced the signing of a definitive agreement (pre-IPO agreement) for allotment of 6.7 lakh equity shares to VASCO, an investment arm of McKinsey & Company, for an investment … […]

March 24th, 2007

PE funds to take major stake in INX Media

Foreign funds are picking up just under half of the equity in INX Media — the company set up by Indrani Mukherjea, the wife of former STAR India chief executive Peter Mukherjea — that plans to launch a bouquet of … […]

March 24th, 2007

Kotak buys a piece of Home Solutions

Kotak Mahindra Bank’s India Growth Fund has picked up equity worth $12 million in Kishore Biyani’s Home Solutions Retail India Ltd, which is set to roll out Home Town, its new format modelled on Home Depot.

This is the second … […]

March 24th, 2007
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