|
Private equity funds investing in the Indian market could soon come under the regulator's purview. Sebi is believed to be toying with the idea of having rules for such funds, reports CNBC-TV18. USD 7.5 billion – that's the money that came into India through the private equity route last year alone. It's a path that many international and domestic investors have chosen over the past few years and quite lucratively so. With many investors opting to go […]
Hyderabad-based Granules India sold 2,180,067 shares representing 14.78% in the company by way of preferential allotment. The company allotted shares to Ridgeback Capital Asia Apr.4.
On Apr. 3, Citigroup Global Markets Mauritius acquired 305,000 shares representing 2.4% in the company via secondary market purchase. Citigroup Global Markets Mauritius holding now stands at 5.2% in the company.
April 9th, 2007 IDBI Bank is planning to enter the private equity (PE)and mutual funds businesses. IDBI will submit its application for MF business by September this year, while the PE venture will be through a subsidiary which will be in place by end of the current financial year. CMD V P Shetty said IDBI also plans to launch insurance business in alliance with Fortis by July. “We should be selling our first policy by July 2007. We will focus […] Mumbai-based The Loot (India) plans to dilute around 25% stake to private equity players to raise Rs 100 crore for expansion. Global distressed asset management companies are striking private equity (PE) deals in the country's power, textiles, paper and sugar sectors in an attempt to diversify their portfolios. […] |