Mumbai-based The Loot (India) plans to dilute around 25% stake to private equity players to raise Rs 100 crore for expansion.
Jay Gupta, managing director of The Loot said, “We plan to dilute not more than 25% to private … […]
|
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. […] As part of its product portfolio expansion through partnerships and strategic investments, Ranbaxy Laboratories said on Friday that it would pick up stake in Jupiter Bioscience, a manufacturer of specialised organic compounds. “This is an opportunity for us to expand … […] Indian companies eyeing global and local takeover targets are increasingly taking to private equity (PE) funds like KKR, Carlyle, Goldman Sachs and Citigroup as favorable allies. But going forward, companies like Tata Steel, Welspun and Infomedia that partnered PE players … […] 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 […] 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 […] 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 […] 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 […] 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 … […]
|