ING Real Estate plans to make its first investments in India this year and could set up a fund to pour more money into the country in 2008, despite expectations the raging property market will soon stumble.
Robert Lie, Asia … […]
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ING Real Estate plans to make its first investments in India this year and could set up a fund to pour more money into the country in 2008, despite expectations the raging property market will soon stumble. Robert Lie, Asia … […] Has Deccan Aviation managing director Capt G R Gopinath closed in on a financial investor for his budget airline Air Deccan? On Thursday, the Street was abuzz with a strong rumour that the pioneer of low-cost aviation could be within … […] Bennett, Coleman & Co (BCCL), the publishers of the Times of India and the Economic Times, has picked up a 9.22% equity stake in Flawless Diamond India (FDILL), an over 30-year-old integrated diamond and jewellery manufacturer, who is now all … […] Global investment major AMP Capital Investors is launching a $500 million equity fund sometime soon this year to invest in infrastructure in India and China. This will be the third such fund from AMP. The company has already invested $100 million in Indian infrastructure from its earlier two funds and is planning to invest an additional $50 million. The major investments of AMP’s infrastructure funds include Indraprasta Gas (IGL), Bharti Telecom and Pipavav Port. […] Thomas Caldwell, the brash Canadian broker who once took the New York Stock Exchange by storm by pushing it to go public, has turned up in India with the purchase of a 4-per-cent stake in the Bombay Stock Exchange (BSE)…. […] Electrotherm India Ltd on Wednesday announced that IFC, the private sector arm of the World Bank Group, will invest over Rs 101.37 crore ($25 million) to help expand the production of environment-friendly vehicles in Gujarat. Out of the $25 million commitment, the debt consists of $15 million repayable in 10 years, maker of various equipment for metal heating industry informed the BSE. The company would issue bonds for the remaining $10 million to the International Finance Corp (IFC), having option to convert them into equity shares, it said. […] Spanish power group Union Fenosa may pick up 10% equity in Petronet LNG Ltd (PLL). The deal may come through the foreign currency convertible bond (FCCB) route. PLL was planning to float a $100-million FCCB issue. Petronet sources said a … […] CNBC-TV18 has learnt that LT Overseas is closing in on an overseas acquisition for a likely sum of USD 20-30 million. Sources said the acquisition will be for branding purposes and the deal is likely to be in the range of USD 20-30 million. Funding is likely to be via internal accruals and borrowings. LT Overseas may raise USD 20 million via FCCB/ GDR or preferential issue, said sources. The management has declined to comment on the deal. […] India's United Spirits Ltd. said on Wednesday it had bought 100 percent of Scottish spirits maker Whyte & Mackay for 595 million pounds ($1.18 billion), sending the company's shares up as much as 6.4 percent. United Spirits, part of the UB Group of companies, has 60 percent of the Indian market and plans to introduce Whyte & Mackay's brands into India immediately. “Until today, the only missing link in our portfolio has been Scotch and due to the shortage and rapidly increasing prices of Scotch Whisky, we needed a reliable supply source,” the company's chairman, Vijay Mallya, said in a statement. Shares in United Spirits were up 6.3 percent at 890 rupees at 0904 GMT, slightly below their peak of 891 rupees in a firm Mumbai market. […] Helion Venture Partners, a $140-million India-focused, stage independent venture fund, will announce today (Wednesday) its decision to invest in Chennai-based Anantara Solutions Private Limited, ‘a new generation outsourcing firm’. In Chennai, to announce the investment, Mr Sanjeev Aggarwal and Mr … […] |