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New York Life Investment Management India Fund has picked up a minority stake in the Bangalore-based Avestha Gengraine Technologies (Avesthagen) for Rs 22.5 crore. Avesthagen will invest the money in expanding its business and to increase its global presence. Avesthagen is focussed on the convergence of food, pharmaceuticals and clinical genomics. The company provides solutions to agriculture and health disorders such as degenerative diseases, metabolic disorders and infections. […] Fire Capital Fund Mauritius, a global venture capital fund, plans to invest up to $250 million to develop integrated townships in 10 cities. By the year-end, the firm would also raise a $500 million fund to be dedicated to real estate and components of infrastructure, said Om Chaudhary, managing director, Fire Capital. […] London-basedActis Capital LLP, a private equity (PE) firm focusing on emerging markets, is raising a $3 billion (Rs12,300 crore) South-Asia fund. Out of this, over one-third or about Rs4,100 crore, is likely to be invested in India, according to a senior Actis executive. Actis’ proposed South Asia fund is significantly more than the $475 million it raised for investment in South Asia through its India Fund 2 and South Asia Fund 2, two years ago. […] In 1932, JRD Tata flew a light single-engine Puss Moth plane from Karachi to Bombay via Ahmedabad, the first scheduled air service in the country under Tata Airlines, which became Air India in 1946. More than 74 years later, Ratan … […] Infrastructure Development Finance Company (IDFC), India Infrastructure Finance Company (IIFCL), Citigroup and Blackstone, which had recently joined hands to float a $5 billion dedicated infrastructure fund, has sought the RBI’s approval to raise $3 billion from overseas markets over the … […] India's Tata Tea Ltd, the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 per cent of US-based Energy Brands Inc for $677 million. The company, which owns the Tetley brand, said this month it was eyeing acquisitions in the United States to help it expand its international operations. Source : Hindustan Times Sources informed CNBC-TV18 that two suitors – private equity investor Carlyle Group and HCL BPO have both backed out of the race to buy Scandent. The Scandent Group, owner of BPO and IT firm Cambridge Solutions may soon have to look for new suitors. According to sources, both bidders HCL BPO and Carlyle Group have backed out of the deal. The reasons for the deal falling through are not yet known. […] The eighties, in the US saw companies being taken over, financed by risky debt issuances known as junk bonds. Ivan Boesky and Mike Milken, were the leading perpetrators of this mish mash of leveraged buyouts and insider information based arbitrage … […] Kumbakonam-based City Union Bank will make preferential issues to six investors subject to approval from its shareholders and the Reserve Bank of India. The proposed investors include domestic players such as LIC, Larsen and Toubro and Yatish Trading, a promoter-group … […] US hospitality major Carlson is picking 26% stake in a fresh venture with the Unitech group for introducing the Regent hospitality brand in India. The joint venture would be developing the luxury hotel property located at Greater Noida with an … […] |