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Zydus group’s Cadila Healthcare has entered into a share purchase agreement with Ambalal Sarabhai Enterprises to acquire the remaining 50% holding in their JV company, Sarabhai Zydus Animal Health. This acquisition will make the company a 100% subsidiary of Cadila … […] Soon after State Bank of India chairman OP Bhatt's announcement of the bank's plan to venture into the private equity (PE) business, SBI Mutual Fund has followed suit. SBI MF said it is venturing into the PE sphere by earmarking … […] HDFC limited may be looking at selling off its stake in its joint venture, Intelenet Global Services, a leading Business Process Outsourcing (BPO) Company. HDFC owns a 50 per cent stake in the venture while the other 50 per cent … […] The US-based venture fund Oak Investment Partners is entering India with a $200-million corpus for the retail sector. It is perhaps the first time that any foreign venture capitalist has shown interest to set up a dedicated fund exclusively for … […] CNBC-TV18 has learned that ICICI Ventures is likely to sell majority stake in Infomedia. ICICI Ventures currently holds 63% stake in Infomedia. Sources say that ICICI Ventures is in talks with the USD 8.5 billion Reed Elsevier Group for the stake sale. ICICI Ventures may sell the entire stake or part of it depending on valuations. The entire stake is valued at Rs 235 crore at the current market price. […] Reliance Capital said on Monday it had bought a 5 percent stake in Network 18 Fincap Ltd., making its second investment in a broadcasting firm in the last one month. Shares of Reliance Capital rose as much as 3 percent … […] Convinced that high returns are sustainable, LPs plan to ramp up investments 78% of LPs surveyed expect to increase commitments to emerging markets private equity over the next five years. LPs project emerging markets private equity will produce returns at a 5.4% premium over U.S. buyouts and expect outperformance relative to developed market funds over the next 5 years. […] State Bank of India and Life Insurance Corporation are among the front runners to pick up stake in the Asia's oldest bourse Bombay Stock Exchange, which has to demutualise by May 19. Under demutualisation, the bourses has to off-load 51 … […] Textiles firm RSWM Ltd. said on Friday it had acquired 50 percent stake in Spanish yarn-maker SISA S.A. for an undisclosed sum, which would expand its footprint in the higher value international yarn market. The deal, through RSWM's overseas unit, … […] Doha Bank of Qatar has agreed to take 49 per cent equity stake in Select Securities Group, which owns brokerage network under the brandname 'Investnet'. An agreement to this effect was signed by Select Securities Ltd Chairman and CEO Prince George and Doha Bank Deputy CEO R Seetharaman in the presence of Kerala Industries Minister Elamaram Kareem here. Kareem said during his recent tour of the Middle East he met several businessmen who were keen to invest in Kerala. […] |