March 2012
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Abu Dhabi sovereign fund looks to buy India property

ADIA’s investments in Indian real estate to date total $400 million to $500 million, largely through property and private equity funds, and the fund is now scouting for direct investment opportunities, one of the sources said. The sovereign fund, whose assets range from Citigroup bonds to a stake in Britain’s Gatwick airport, is close to hiring a country-dedicated fund manager from a large private equity firm to look for real estate opportunities in Asia’s third-largest economy, the sources said. ADIA […]

Qatar fund eyes stake in Violet Arch

Qatar Investment Authority (QIA), one of the largest sovereign funds based out of West Asia, is in discussion with Violet Arch Capital Advisors, a financial services start-up, for acquiring a minority stake. Apart from QIA, a few other PE firms are in negotiation with Violet Arch for fund infusion. Violet Arch started its operations by acquiring Alchemy Shares & Stock Brokers from its promoters, including Rakesh Jhunjhunwala. Last year, Violet Arch roped in Berenson & Co, a leading New York-based […]

IFC, TVS Capital invest $25 mln in India food processing firm

TVS Capital and International Finance Corp, an arm of World Bank, have jointly invested 1.24 billion rupees ($24.81 million) in Indian rice processor, Dunar Foods. Dunar, which is based in the northern Indian state of Haryana, exports basmati rice to Middle East, Europe and the U.S., a statement issued by Dunar and TVS Capital said. IFC, along with U.S. private equity firm, Warburg Pincus, recently invested $50 million in a non-banking finance company, Au Financiers.. Source: Reuters

Schroders May Buy 30% Of India’s Axis Asset Management

U.K. asset manager Schroders PLC (SDR.LN) is likely to acquire about 30% of India’s Axis Asset Management Co. Ltd., the Business Standard newspaper reported Wednesday, citing people aware of the matter who it didn’t identify. The deal will help Schroders revive its presence in India and end the Axis Bank Ltd. (532215.BY) company’s search for a strategic partner in the mutual-fund business, the report added. Senior management from Schroders’ is likely to visit Mumbai next week to finalize the deal, […]