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US private equity firm Jacob Ballas Capital (JBC) may soon acquire a minority stake in Avestha Gengraine Technologies (Avesthagen), the biotech firm for $10 million. JCB is an India focused private equity firm floated by New York Life Investment Management … […] Indian start-ups that use the Internet and mobile phones to sell their products and services are attracting large funds from venture capitalists, raising the spectre of a bubble similar to the one that destroyed the budding Internet commerce industry at the turn of the millennium. In 2006, venture capitalists (VCs) struck 30 deals worth a total of $200 million; money they believe would multiply as Internet and mobile phones proliferate in the world's second fastest growing major economy. […] India Infoline Ltd has announced that Ordyn Technologies Pvt Ltd (formerly known as Orion Tele Equipment Pvt Ltd), a fast growing Indian telecom equipment Company has tied up funding to the tune of Rs 60 Crores. The deal was structured and arranged by the Investment Banking team of India Infoline. Aureos Capital, a private equity firm that has invested Rs 40 crores in the form of private equity, was the major investor in the funding besides India Infoline. Ajit […] The Tata group has tied up with global private equity investor Xander for developing real estate properties for its various retail ventures, indicating that the country’s second largest business house wants to expand its presence in one of the fastest … […] A clutch of Private equity (PE) investors, which include Lehman Brothers, Goldman Sachs, CSFB and eight others, would acquire nearly 24 per cent stake in NDTV Networks, a fully owned subsidiary of NDTV India, for $120 million. The valuation of … […] India's second largest private shipbuilder, Bharati Shipyard Ltd., has acquired UK-based Swan Hunter Shipyard for an undisclosed sum, the Business Standard daily reported on Tuesday, quoting sources. Bharati would dismantle Swan Hunters machinery and equipment and bring it to India over six months, the paper said. Bharati officials could not be reached immediately. “As a company policy we do not react on market speculation,” the paper quoted a Bharati spokesperson as saying. A comparable new shipyard would cost 2-2.25 billion […] Tata Group promoted Trent Ltd on Monday said that it has entered into an agreement with private equity firm The Xander Group Inc for an institutional retail real estate fund in partnership with Indian developers. “Xander, through one or more … […] 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 […] |