April 2007
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Citi, 4 others in race for UTI Sec

Securities Trading Corporation of India has put 49% stake on the block.   International brokerage house Citigroup, Australia’s Macquarie Bank, Standard Chartered, France’s Societe Generale and Kuwait-based Global Investment House are in the race to acquire 49 per cent stake in UTI Securities, currently owned by Securities Trading Corporation of India (STCI).   STCI, which bought 100 per cent stake in UTI Securities for Rs 265 crore last year from Specified Undertaking of UTI (SUUTI), is looking to sell […]

April 6th, 2007

Astro To Invest Up To US$166 Mln For 20 Pct Stake In Satellite TV

Astro All Asia Networks plc, through wholly-owned unit, South Asia Entertaintment Holdings Ltd, will invest up to US$166 million (US$1=RM3.45) for a 20 per cent stake in Sun Direct TV Pte Ltd.

In a statement here today, Astro said Sun Direct has a licence to provide direct-to-home digital satellite television services in India.

“The balance 80 per cent in Sun Direct will be held by the Maran group, comprising Kalanithi Maran, promoter and chairman of Sun Network including the flagship […]

April 6th, 2007

Citi, 4 others in race for UTI Sec

Securities Trading Corporation of India has put 49% stake on the block.   International brokerage house Citigroup, Australia’s Macquarie Bank, Standard Chartered, France’s Societe Generale and Kuwait-based Global Investment House are in the race to acquire 49 per cent stake in UTI Securities, currently owned by Securities Trading Corporation of India (STCI).   STCI, which bought 100 per cent stake in UTI Securities for Rs 265 crore last year from Specified Undertaking of UTI (SUUTI), is looking to sell […]

April 6th, 2007

Credit Suisse beefs up pvt equity team

Credit Suisse today announced the expansion of Credit Suisse Private Equity Asia and has roped in Harjit Bhatia to head a team of six professionals.   The team comprising Hemang Raja, Rakesh Mital, Soma Ghosal Dhar, Isiah Zhang and Imelda Tham joined Bhatia from Ritchie Capital Management. Heath Zarin, who started Credit Suisse’s Asian private equity investment activities, will also be joining the team.   Paul Callelo, chief executive officer of Credit Suisse, Asia Pacific said: “Credit Suisse has […]

April 6th, 2007

Sequoia Capital to pick 3i stake

Sequoia Capital, California-based venture capital firm, is set to pick up a minority stake in Mumbai-based 3i Infotech, a company that makes half its revenues by selling software products to banking and financial services, manufacturing and retail sectors.

Currently, ICICI … […]

April 6th, 2007

Canaan Partners invests in Delhi start-up

Having been quiet for almost nine months since its joint investment in BharatMatrimony.com ($8.65 million along with Yahoo!), Canaan Partners has now invested around $2-5 million in a Delhi start-up that provides remote desktop services for US and UK customers. … […]

April 6th, 2007

Morgan Stanley to take 20% in IHHR

Financial services major Morgan Stanley is close to picking up 15-20% stake in IHHR Hospitality, owners of Ananda and Ista brands of Spa and hotels, for $35-40 million.

Sources in investment banking circles told ET that Morgan Stanley will have … […]

April 6th, 2007