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Jain Irrigation of India buying 50% of Na'an Dan

The Indian agriculture conglomerate Jain Irrigation Systems is buying 50% of Israel's Na'an Dan Irrigation at a company valuation of NIS 140 million. The two firms will be entering a memorandum of understanding on the transaction next week. Sources in Israel's agriculture sector say that Na'an Dan preferred the Indian offer, even though Israeli company Netafim's offer was more attractive in many respects. […]

GTL in unit hive-off talks with global firms

BT Group Plc, US-based EMW and a number of system integrators are in advanced stages of negotiation with GTL Ltd to acquire its IT services business, a newspaper report said on 24 May.

The acquisition price is “believed to be” … […]

Barclays looking to sell 50 pct stake in Intelnet Global Services – report

Barclays PLC has hired consultancy firm KMPG to sell its 50 pct stake in Intelnet Global Services, an Indian based business process outsourcing (BPO) unit, according to The Economic Times.
Intenlet Global is a 50:50 joint venture between Barclays and … […]

IFC target for India – invest $500mn by June

With India emerging as one of the most preferred investment destinations globally, World Bank's private equity arm, International Finance Corporation (IFC), is aiming at crossing the $500 million mark in new investments by June. “IFC's currently-held portfolio is $1.3 billion (as of June 2006) making India our fourth-largest country of operations. In FY06-07 (ending June 30), we hope to cross the $500 million in new investments in India,” IFC South Asia Senior Manager Sujoy Bose told PTI. […]

Tudor Investment to Take Stake

U.S.-based hedge fund Tudor Investment Corp. plans to inject $100 million into Helios Capital Management Pte. Ltd. and take a 15% equity stake in the India-focused fund company, according to people familiar with the arrangement.

Tudor's investment is a sign … […]

Wal-Mart eyes stake in Indian logistics firm-paper

Wal-Mart Stores Inc., the world's largest retailer, is negotiating for a possible association or strategic stake in Indian logistics firm Radhakrishna Foodland, the Economic Times reported on Thursday.

“Wal-Mart is interested in closely working with us but it is too … […]

Is there a slowdown in the property market?

It might be a brick-by-brick process but the slowdown in the property market is evident. Industry watchers firmly believe that with the dollar inflow into realty slowing down, land prices will also sober down, reports CNBC-TV18. Private equity firms are playing the wait-and-watch game. Experts say the volume of private equity joint ventures has fallen. And this is because private equity players expect land prices to fall further. […]

Curbs likely on VC funds for realty

The government is reviewing norms for investments by foreign venture capital funds in real estate, after the Reserve Bank of India coming round to the view that such funding is helping create an asset bubble in the sector. There is a view in the government that such funding in the sector should be stopped completely, sources close to the development said. […]

Raheja`s, Star to sell 15% in Hathway to ChrysCapital

The Raheja’s and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital. The sale consideration is estimated at around $60 million (around Rs 245 crore), thus valuing the closely-held company at $400 million (around Rs 1,640 crore). ChrysCapital is buying around 11 per cent from the Raheja’s and another 4 per cent from Star TV, which holds a 26 per cent stake in the company. Star TV had invested $75 million for the stake. […]

NDTV to raise Rs 400 crore; may dilute up to 10% equity

Television broadcaster NDTV, which has announced plans to float lifestyle and entertainment channels, will raise Rs 400 crore through a mix of debt and equity. The company's board of directors has approved the fund-raising scheme through preferential issue, qualified institutional placement (QIP), follow-on issue, or rights issue constituting a combination of equity shares, convertible debentures, convertible preference shares and warrants etc. […]