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The share allotment committee of Deccan Chronicle Holdings at its meeting held on Jun. 08, 2007, converted 1,300 FCCB`s and allotted 541,410 equity shares of Rs 2.00 each. The above mentioned shares have been allotted to Swiss Finance Corp (Mauritius), Worli, Mumbai. The company is holding 1,300 number of bonds. […] Anil Ambani has been on a buying spree all these months picking up stakes in diverse companies through his financial services arm Reliance Capital. But now it seems he is looking for a buyer who will acquire minority stake in his insurance ventures. And foreign players waiting for a foothold in India are queuing up for a piece of the action. NDTV has learned that ADAG group company Reliance Capital is planning to rope in a partner for the insurance business. The group is likely to sell 26 per cent each in its life and non-life insurance businesses. […] Temasek is picking 27.74% equity stake in courier and express delivery firm First Flight in a deal worth Rs 107.5 crore. Mumbai-based First Flight, which is a public limited unlisted company promoted by the Saboo family, is the second largest domestic courier company with revenues of around Rs 300 crore. It is the largest domestic private equity deal in the courier and logistics space. As per the deal, Temasek would be picking 41.27 lakh shares through multiple tranches through a preferential issue. The shares would be allotted at Rs 260.47. The funds being raised would be used by First Flight for expansion of its aviation and warehousing businesses. Temasek which is an investment arm of the government of Singapore is routing its investment in the courier company through a Mauritius-based entity Dunearn Investment. […] Investors with big cash and a roving eye seem to be getting interested in private equity deals in the retail pharmacy, wellness and healthcare companies. A deal or two have taken place already, while loads of enquiries seem to be pouring in. Since these are early days, the numbers are far and few. Elaborating, a leading retail consultant Technopak Advisors chairman Arvind Singhal said: “Private equity players, who have been looking at investment in malls, are now looking at new gen retail ventures in pharma & healthcare services since they are much more lucrative, the turf is yet to get crowded and promises higher returns.” […] British Telecommunications (BT) has completed the acquisition of i2i Enterprise Pvt Ltd following governmental and regulatory approvals. BT had planned the acquisition in February through BT Telecom India Pvt Ltd, its joint venture company with Jubilant Enpro Pvt Ltd. i2i is a Mumbai-based enterprise services company that specializes in Internet protocol (IP) communications services. […] Foreign funds Lehman Brothers and Alliance Bernstein will invest Rs 41.92 crore for allotment of around 12 lakh shares in Opto Circuits on preferential basis. An Extra Ordinary General Meeting (EGM) of the shareholders of the company would be held … […] Sebi registered venture capital and private equity (PE) funds may be allowed to bid for infrastructure projects if the government accepts the recommendation of the Deepak Parekh committee on infrastructure financing. As of now, these funds cannot bid for projects, … […] Evolvence India Holdings PLC said it has completed investing about 40 mln usd, raised through its initial public offering, into the Evolvence India Fund (EIF), an established private equity fund focusing on growth capital in India. Evolvence India Holdings, a … […] IFC, the private sector arm of World Bank group, has signed an agreement to subscribe to an equity stake of 5.84 per cent amounting to US$ 8 million in LANCO Amarkantak Power Pvt Ltd (LAPPL). LAPPL, a special purpose vehicle promoted by LANCO Group, is developing a thermal power station in Chhattisgarh comprising two coal-based units of 300 MW each. The total project, estimated to cost around Rs 2,600 crore, is scheduled for completion in 2008. DEG, the private sector arm of KFW, Germany has already committed to having a 9 per cent stake in LAPPL and with LANCO Infratech Ltd holding 75.16 per cent, the balance equity would be held by other minority shareholders. […] Vijay Mallya-led UB Group, which has acquired 26 per cent in Deccan Aviation, on Wednesday made an open offer to shareholders of the company to buy an additional 20 per cent stake for about Rs 420 crore. Kingfisher Radio, a wholly-owned subsidiary of United Breweries Holding, made the offer for acquiring 2.70 crore shares of Deccan Aviation at a price of Rs 155 per share. […] |