April 2007
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Koutons raises Rs 210 mn as private eq prior to IPO

Passport India Investments (Mauritius) has picked up 6,00,000 equity shares in Koutons Retail India for an investment amount of Rs 210 million. Passport has been allotted the equity shares at a fixed price of Rs 350 per equity share.

With … […]

Deccan Aviation on verge of closing US$75-$100m fund-raising deal

Deccan Aviation Ltd., which runs budget carrier Air Deccan, is soon expected to raise US$75-$100 million from private equity investors, according to media reports in India. 

The Anil Dhirubhai Ambani group and Texas Pacific Group are among potential investors, the … […]

Citigroup fund investing $400 mln in India property

The property investment arm of Citigroup  is investing around $400 million of equity from a recently raised fund in India and $600 million in China, with hotels, technology parks, and housing estates on its menu.

Citigroup Property Investors closed a … […]

BankMuscat to launch Islamic fund

Oman’s largest bank BankMuscat, which recently picked up 43 per cent stake in the domestic brokerage house Mangal Keshav Group, is raising a $ 250 million Shari’ah-compliant India-specific fund and another $ 500 million private equity fund for investments in the booming domestic market. […]

Fidelity buys Chandigarh firm

Fidelity National Information Services has acquired Chandigarh-based Second Foundation (India) Private Ltd, an offshore global infotech services provider. US-based Fidelity is a leading provider of core processing for financial institutions, card issuer and transaction processing services, mortgage loan processing and mortgage-related information products. […]

Sangli merger cleared

The Reserve Bank of India (RBI) has approved the merger of Sangli Bank with ICICI Bank. Following this, all Sangli Bank branches will start operating as ICICI Bank branches from tomorrow. ICICI Bank had okayed the merger of the privately-owned … […]

Essel Group raises $105 mn from placement

Founders of Essel Group said they have raised 4.45 billion rupees ($105 million) to help fund expansions of group companies Dish TV India Ltd and Wire and Wireless Ltd.
 
The founders, led by Chairman Subhash Chandra, have placed 38.4 … […]

AIG unit likely to buy stake in India's Avasarala Tech for 20 mln usd – report

American International Group's (AIG) private equity arm AIG Global Investments is set to buy a minority stake in India's Avasarala Technologies for 20 mln usd, reported the Economic Times, citing Avasarala.

Avasarala Technologies, a company worth 2 bln rupees, manufactures … […]

Zydus Cadila makes $3-mn acquisition in Japan

In an all cash deal Ahemadabad based domestic pharma major Zydus Cadila has quired 100 per cent stake in Nippon Universal a generic drug manufacturing company based in Japan. The acquired company has a manufacturing plant near Tokyo and is … […]

Air Deccan scouts PE funds

Air Deccan's low cost operations may get some high value investments from private equities (PE).

According to sources it is planning to raise $50-100 million and has approached PE funds like TPG and Blackstone among others. Edelweiss securities has been … […]