March 2007
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M&M to acquire 20% more stake in Punjab Tractors

Mahindra & Mahindra on Monday made a Rs 4.9 billion open offer for a further 20% in Punjab Tractors and its subsidiaries, as required by law after it won the bidding for a 43.3 % stake last week, reports Financial … […]

IDFC arm picks up Rs 450 million worth stake in DARCL

IDFC Private Equity has invested Rs 450 million in equity shares of logistics company- Delhi Assam Roadways Corporation (DARCL), reports Economic Times. DARCL raised this amount for part funding its expansion plans, which include starting container train operations by September.

“We have … […]

Thomas Weisel plans $200m PE fund for India

US-based Investment bank Thomas Weisel International is planning a $200 million private equity fund of funds for India. The company is also keen on rolling out its asset management business in India, focusing only on institutional investors. The fund of … […]

India Inc strikes $36.8b M&As in just 2 mths

The rockfest on the Indian deal-street is gaining decibels. Corporate India struck deals worth $39 billion in the first two months of 2007 of which $36.8 billion were strategic mergers & acquisitions deals and the remaining $2.2 billion were private … […]

PE fund Evolvence India to raise $65 mn in AIM

Joining the beeline of India-focused funds listing on overseas bourses, Isle of Man-based Evolvence India Holdings is planning to raise 65 million dollar (Rs 290 crore) through placement of shares on London Stock Exchange.

EIH, a private equity fund company … […]

Mahindra buys 43.3 pct in Punjab Tractors

Mahindra & Mahindra Ltd., India's top tractor maker, said it will buy 43.3 percent of Punjab Tractors Ltd. in a deal that values the target firm at nearly 22 billion rupees ($500 million).

Mahindra, along with subsidiary Mahindra Holdings and … […]

Morgan Stanley, Citi, Actis buy 6 pct in India NSE

Morgan Stanley , Citigroup  and private equity fund Actis have entered into agreements to buy 6 percent of India's National Stock Exchange (NSE) for undisclosed sums, the exchange said.

The deals will take foreign ownership of the NSE to 26 … […]

Venture Capital firms invest $508m in India during 2006

Venture Capital firms invested $508m across 92 deals in India during 2006, according to a study by Venture Intelligence in partnership with the US-India Venture Capital Association. This was up from 44 deals totalling $268m in 2005.

With 64 deals … […]

PE money continues to pour into India

Private equity (PE) money continues to pour into India. January alone saw 33 PE deals worth $1.16 billion against $7.5 billion in 2006. Global PE giants clearly outnumber India incorporated PE players, most of which are subsidiaries of large Indian … […]

UTI Venture, US fund to invest Rs 44 cr in Zylog

Private equity firms UTI Venture Fund and US-based Argonaut Private Equity are set to invest a total of Rs 43.8 crore (around $10 million) in the Chennai-based Zylog Systems (ZSL). The investment will be done through preferential allotment of shares. … […]