September 2011
M T W T F S S
« Aug   Oct »
 1234
567891011
12131415161718
19202122232425
2627282930  

Contact us

Contact us

Ujjivan to raise Rs 100 Crore via Private Placement

Bangalore-based Ujjivan Financial Services, provider of a holistic range of services to poor working women in urban and semi-urban areas, plans to raise Rs 100 crore through fresh equity infusion by the end of this year. The existing investors may also participate in this round of funding. Last week, the company got approval from state-run Syndicate Bank for Rs 25 crore in funding this month. The private equity investors in the company include Unitus Equity Fund, Sequoia Capital, Lok Capital, Bellwether Microfinance Fund, Michael & Susan Dell Foundation, A.W.Holdings, Elevar Equity, India Financial Inclusion Fund and SIDBI. […]

September 25th, 2011

Varkey Group to acquire additional 20 per cent stake in Everonn

Dubai-based Varkey Group says it would acquire a further 20 per cent stake in India's Everonn Education through an open offer. The company says it would buy about 44.8 million additional shares at Rs528 per share, or Rs237 crore, the company said in a public announcement today. The group, on Tuesday, acquired 12 per cent (26.18 lakh) equity shares through its education arm Gems Education in the Chennai-based education company, through a preferential allotment, for Rs138 crore. […]

September 25th, 2011

Pragati India to raise Rs 225 cr in next 6 months

Venture capital fund Pragati India is looking to raise around Rs 225 crore (USD 50 million) in the next six months, a top company official said. “We have already closed USD 50 million as the initial corpus of the fund and will raise another USD 50 million in the next six months,” Pragati India Fund Managing Director Narayanan Shadagopan told PTI here. This is the first fund from the venture capital firm that focuses on investment in small and medium sector enterprises (SME). “We have not invested in any company so far but are in the process of selecting projects for taking exposure,” he said. […]

September 25th, 2011
« Newer Entries