February 2010
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Education to get boost on govt reform

India's education sector is likely to see heavy investments from private equity funds over the next couple of years betting on increased government spending and as private players plan expansions, officials said. The sector, pegged at USD 86 billion, is seeing fresh interest from foreigners and large funds who are pumping in money in services, technology and infrastructure, they added. “The education market in India is roughly worth USD 50 billion in the private sector and all parts of the educational value chain are offering good investment opportunities,” said Rajesh Singhal, managing partner of private equity firm Milestone Religare Investment Advisors Pvt Ltd. […]

GMR Infra in PE talks to raise $322 mln

Indian conglomerate GMR Infrastructure is in advanced talks with private equity firms to raise about 15 billion rupees ($322 million) for its power unit, the Economic Times reported, citing the group's chairman. G.M. Rao told the newspaper the deal would be closed in the next two weeks, but did not disclose the names of the private equity firms that would provide the funds. The group is also talking to some funds to raise $400 million for its airports division, the paper said, citing Rao. In December, sources told Reuters GMR is in advanced talks with Singapore investment firm Temasek to raise $150 million by selling shares in its power unit. […]

Venture funds upbeat on MFIs

Sector seeks capital to meet 15 per cent capital adequacy from April 2011. Lured by its 100 per cent growth and the fact that it seems immune from adverse global developments, private equity companies and venture capitalists are upbeat on investment in micro finance institutions (MFIs). According to Reserve Bank of India guidelines, MFIs will have to maintain a 15 per cent capital adequacy ratio from April 2011. At present, the requirement is 10 per cent, which they have to increase to 12 per cent from April 2010. […]