December 2011
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PE firm Bravia Capital may invest in Kingfisher Airlines

After pushing the Government to allow foreign airlines to invest in domestic airlines and seeking a debt recast from banks, debt-ridden Kingfisher Airlines may be looking for investment from China. Hong Kong-based private equity firm, Bravia Capital is said to be eyeing an investment in Kingfisher Airlines. When contacted, a spokesperson for the airline merely said, ‘no comments’. And e-mails sent to Bravia Capital remained unanswered. Government sources said that there were no restrictions on investments from China, including Hong […]

PE firm Jacob Ballas to invest $150 mln in India

India-focused private equity firm Jacob Ballas Capital expects to invest about $150 million in Asia’s third-largest economy over the next 12 months, scooping up assets that offer strong long-term growth, a top official said on Wednesday. A sluggish near-term economic outlook has brought down valuations in the country of more than 1.2 billion people, and has thrown up good opportunities, Srinivas Chidambaram, managing director of the firm’s Indian operations said. “Most of the companies are more reasonably priced now. If […]

Pantaloon denies sale of financial services units

Kishore Biyani’s Pantaloon Retail (India) Ltd, today denied a newspaper report that said the company had sold its stake in Future Capital Holdings and Future Future Generali Life. The Mumbai-based group informed the stock exchanges that it denies any such transaction “at this stage.” The denial came after The Economic Times today reported, citing people close to the development that the retail entrepreneur will sell his financial services units to Deccan Chronicle and Industrial Investment Trust (IITL), through two separate […]