September 2009
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NEPC to raise Rs 4,000 to 5,000 crores

Natural Energy Processing Company (NEPC) India Ltd is planning to set up a special economic zone (SEZ) at Palladam near Coimbatore with an investment of around Rs 2,000 crore. The company is also talking to private equity investors to fund the project. Ravi Prakash Khemka, chairman NEPC India Ltd said that the company is planning to set up solar and Photo Voltaic plant in the SEZ, to which the construction is expected commence from January 2009. Total investment would be around Rs 2,000 crore. Once the project takes shape, the company is expecting Rs 4,000-5,000 crore from investors and would provide employment to 5,000-6,000 people both directly and indirectly. […]

India's first education PE to raise $150-200 million

Kaizen Management Advisors, India’s first education-focused private equity (PE) fund, will close a $150-200 million (around Rs 720-960 crore) fund by the middle of next year. The fund is looking at investing in two education institutions by the end of this year. Kaizen was set up in mid-2009 and has a 10-member team in India. At present, it is managing capital raised from domestic institutions and high networth investors. “Later this year, we will target international investors who are keen to tap the massive recession-proof education sector in India. We are currently evaluating more than a dozen investment opportunities,” said Sandeep Aneja, MD, Kaizen Management Advisors. […]

Financial Technologies to raise Rs 1,500 cr via various routes

Financial Technologies India, promoter of country's leading commodity exchange MCX, today said it will raise Rs 1,500 crore by issuing shares in the international markets and by private placement of shares with buyers. The company would raise funds by issuing shares in the form of Global Depository Receipts, American Depository Receipts and Foreign Currency Convertible Bonds, Financial Technologies said in a filing to the Bombay Stock Exchange […]

Rabo Equity buys 26% stake in Geepee Agri

Private equity firm Rabo Equity Advisors, a part of Dutch banking major Rabobank, on Tuesday said it has picked up 26% stake in Geepee Agri Private Ltd for an undisclosed amount. The stake has been purchased through its India Agri Business Fund, Rabo Equity said in a statement. Geepee Agri, which has plants at Kota in Rajasthan and Akola in Maharashtra for crushing oilseeds, is planning an expansion in the palm oil segment. Currently, the company distributes refined soyaoil under its brand “Parampara” in Rajasthan, Maharashtra and Chhattisgarh. […]