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Chevron planning to raise stake in RPL

American petroleum major Chevron may soon increase its stake in the Mukesh Ambani-promoted Reliance Petroleum Ltd (RPL) that is setting up a 29 million tonne grassroots refinery in a special economic zone in Jamnagar, Gujarat.

Chevron already holds 5% in … […]

India's Sun Pharmaceutical Industries buys Taro

Taro Pharmaceutical Industries Limited , controlled by the Levitt and Moros families, will be sold in its entirety to Sun Pharmaceutical Industries Ltd of India for $454 million. Taro's current market cap is about $180 million.

Sun will pay some $230 … […]

Actis Capital Set to Raise USD 3 B South Asia Fund

Actis Capital LLP, a Private Equity (PE) firm, has its eye on emerging markets, to raise USD 3 billion South-Asia fund. Rs 4, 100 crore (USD 1 billion) from the fund will be invested in India; Actis is quoted to … […]

Pvt equity funds get active in clean energy sector

$250 mn invested in 11 domestic clean tech firms in 2006. The clean energy business is turning out to be the next big thing for private equity and venture capital investors in India. Investors all over the world are ready to cash in on the clean technology business, thanks to tough postures adopted by the UN and global environment bodies in pushing companies to go environment-friendly. Following the trend, private equity and venture capital funds see big potential for investments in the clean energy sector in India, say industry experts. […]

Private equity now chases small-town dreams

Private equity (PE) investment in India is taking a new route. People tracking the sector say that large and mid-sized PE funds are increasingly making inquiries with successful family-owned firms in smaller towns as valuations of large enterprises are surging … […]

GFH bids to raise $395m for Energy City India

Bahrain-based Gulf Finance House (GFH) yesterday officially announced the launch of its $395 million private placement, to raise the equity required to fund the infrastructure of Energy City India. The investment is expected to yield a total return of at least 75 per cent over three years and the equity issue is being underwritten by Kuwait Investment Company. Following the success of the Energy City Qatar project, Energy City India is the second energy city in a series of energy- focused business clusters planned across the Middle East and Asia. […]

Petronas, Petroplus eyeing Cairn

Malaysia`s Petronas and Swiss Co. Petroplus are eyeing stake in Cairn India`s parent, Cairn Energy, reports Business Standard. Petronas, holding 10% of Cairn India through a pre-IPO placement, wants to buy out Cairn Energy`s 69% stake in Cairn India. The takeover talks pushed Cairn`s share price up 2.3%. At the current price of Rs 144.30 a share, Cairn Energy`s 69% stake will be around Rs 177 billion. […]