| Electrotherm India Ltd on March 20, 2007 has announced that Venture Funds Management Company Ltd. has invested Rs 82 crore, through a private placement, to part fund its second phase of expansion plans of Rs 400 crores.
While ICICI Venture … […] AIG Capital India Private Limited, a wholly owned subsidiary of American International Group, Inc., signed an agreement to acquire 100% of the outstanding equity of Weizmann Homes Limited, a housing finance company registered with the National Housing Bank from Weizmann … […] Private equity firm Trinity Capital Plc has increased its stake in Shivinder Mohan Singh- promoted Fortis Healthcare Ltd to 4.24 per cent, by picking up an additional six million shares in the company for 10.3 million pounds (about Rs 82.4 … […] UTI Ventures — the private equity arm of UTI Mutual Fund — is planning to raise $400-450 million through an offshore fund. The proposed fund, which will be its third in seven years, will be set up as an offshore … […] Standard Chartered PE, Citigroup Venture Capital International (CVCI) and Carlyle are in the fray to pick up a 15% stake in the Chennai-based Computer Age Management Services (Cams), the deal size of which is expected to be of the order … […] Dutch asset manager Robeco Groep NV — a part of the European banking giant Rabobank Groep — will buy 49% stake in Canara Bank's asset management arm to gain a foothold in the country's robust mutual fund industry. Unlike last year when private equity participants exited through strategic deals with third party investors, this year PEs are opting to exit via initial public offerings route. Private equity fund SIF has already sold its 2.61 per cent stake in Firstsource Solutions, when the latter came out with its IPO. The forthcoming issue by rating agency ICRA will see IFCI and UTI-1 selling their stakes in the company. “As the Indian capital markets are doing well […] Bennett, Coleman & Co (BCCL) has inked an agreement to pick up around 5% stake in Ahmedabad-based Sai InfoSystem (India). UTI Bank is planning to set up a USD 500-million offshore fund, reports Economic Times. The bank received SEBI approval to start a PE fund in India as a domestic venture capital. It is now planning, to file for a … […] Real estate developers are increasingly looking at private equity firms as banks are turning off the taps due to the Reserve Bank of India’s stringent guidelines on funding commercial and retail developments. In the first two months of 2007 alone, nearly Rs 1,500 crore worth of private equity deals have been forged by developers all over the country. Industry sources estimate that as much as $4 billion (Rs 18,000 crore) could have been invested in domestic real […] |