India’s SMEs are no longer depending on banks for funding. Now, leading investment houses and private equity, or PE funds are cashing in on the funding needs of the SMEs, reports CNBC-TV18.
PE funds have started lining up at the doors … […]
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India’s SMEs are no longer depending on banks for funding. Now, leading investment houses and private equity, or PE funds are cashing in on the funding needs of the SMEs, reports CNBC-TV18.
PE funds have started lining up at the doors … […] Investment bankers of the carriers to meet next week. Barely two months after the Air Sahara acquisition, Jet Airways, the country’s largest private airline, is interested in SpiceJet, the Delhi-based budget carrier. Investment bankers of both the companies are expected to meet next week to discuss the issue. […] VC firm Helion Venture Partners has closed in on its next investee company. The firm, which has made six investments since August 2006, is making a sub $10 million investment in Amba Research, an investment research outsourcing (IRO) firm. Sanjeev … […] Infrastructure Development Finance Corporation (IDFC) has exited Hutchison-Essar by selling its stake in the holding company to group firm IDFC Private Equity for around $25m-$30m. IDFC Private Equity has taken on the stake held by IDFC in India’s third largest … […] A US-based hedge fund has picked up a minority stake in the Bangalore-based real estate firm Century Real Estate Holdings, a division of the Bangalore-headquartered Century Group, investing close to $100 million (Rs 400 crore) in the company. Century Real … […] An Indian tycoon, Vijay Mallya, is pursuing another takeover deal, soon after buying a stake in a rival airline, as well as a Scottish liquor company. Mr. Mallya, chairman of the UB Group, an airline and liquor conglomerate, is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a Dubai investment fund and a group of investment banks […] Private equity funds, including DE Shaw, Temasek Holdings and HBM Partners, are believed to have approached Nicholas Piramal to fund the pharma major’s discovery research programme. The exact terms of the partnership remain unclear, but people close to the situation … […] International Finance Corp. (IFC) said on Thursday it will invest $15 million through debt and equity to fund the expansion of drug maker Granules India Ltd. IFC, the World Bank's private sector lending arm, said it would lend $9 million … […] Taro Pharmaceutical Industries lost somewhere between $95 million to $120 million in the year 2006. It's down to just $13 million cash and owes bondholders and the banks $240 million. The details appear in the summons that Taro sent to shareholders, to attend an assembly on June 23, on which they'll vote on the company's proposed acquisition by Sun Pharmaceutical Industries of India. Sun proposes to pay $7.75 per Taro share and to undertake the Israeli drug company's tremendous liabilities. […] Citigroup Venture Capital International (CVCI), Citi’s emerging markets private equity investment arm, will invest a fresh $1.5 billion in India over the next three years. It will be the largest such infusion by a single private equity investor in the Indian market and outstrips the $1 billion allocations made by the Blackstone Group and Carlyle Group each in 2005. The investments will be made out of CVCI’s global $4.5 billion Growth Partnership LP Fund II, which is slated to complete fund-raising in a few weeks. In three years, CVCI’s exposure to India will jump three-fold from the $500 million it has invested here so far. […] |