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The pioneer of low cost flying in India, Captain Gopinath has launched the first Indian-owned cargo freighter called Deccan Express Logistics. The initial investment in the venture is USD 25 million and Gopinath is looking to raise another USD 30 million. He says he is in talks with a few investors to offload 24% stake in the logistics venture. […] Bharati Shipyard Ltd., one of the largest private sector shipyards in India, today announced the acquisition of the pledged shares equivalent to 14.89 percent equity stake in Great Offshore Ltd. at a price of Rs 315 per share. Natural Power Ventures Pvt. Ltd. and Dhanshree Properties Pvt. Ltd. the two 100 per cent subsidiaries of Bharati Shipyard Ltd. will hold the 14.89 per cent stake in Great Offshore Limited. Earlier the holding companies of promoters of Great Offshore Ltd. had pledged 14.89% stake with Advitiya Urja Pvt. Ltd and Vishudh Urja Pvt. Ltd., the two 100% subsidiaries of Bharati Shipyard. […] SUN Apollo Ventures, a joint venture company between the Delhi-based Khemka family and the US-based AREA Property Partners (formerly Apollo group), has picked up a 15 per cent stake in Mumbai-based developer Keystone Realtors for Rs 300 crore, making it the first private equity deal in the cash-strapped real estate space in 2009. The deal values Keystone at around Rs 2,000 crore. SUN-Apollo India Real Estate Fund, the $630-million offshore fund of Sun Apollo, will invest in existing foreign direct investment (FDI)-compliant projects of Keystone, also known as Rustomjee group, and future projects of the developer, a top Keystone official said. In January, the Foreign Investment Promotion Board (FIPB) had cleared the Keystone proposal for the offshore investment. […] |