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Bigtree Entertainment, the Network18 backed company which runs movie and event ticketing website, BookMyShow, has raised $18 million or Rs 100 crore from Accel Partners, acquiring a minority stake in the company, reports The Times Of India. The report mentions that the investment was made by Accel’s US and India funds, and that BookMyShow will use the funds to expand into tier-II and III cities and for increasing its non-movie ticketing business. The funding was first reported by Mint, quoting […]
US private equity firm Kohlberg Kravis Roberts & Co LP (KKR) is in early stage discussions to raise $750 million to $1 billion (Rs4160 crore – Rs5,546 crore) for investing in India, Reuters yesterday reported in the US, citing sources with direct knowledge of the matter. The move comes even as New York-based Apollo Global Management is already in the process of raising a $1-billion India-focused debt fund in partnership with India’s lrgest private sector bank, ICICI Bank. New York […]
Standard Chartered Private Equity (SCPE) has invested Rs 250 crore to pick up a minority stake in Vadodara-based Inox India Ltd (INOXCVA), a manufacturer of cryogenic storage and transportation equipment. Cryogenic storage equipment is a precision engineering product used for storage and distribution of liquefied gases used in industrial applications. The growing use of shale gas as a fuel source has also resulted into strong demand for cryogenic storage equipment for liquefied natural gas (LNG) across the globe, especially in […]
At 300 metres and 80 floors, realty player Supertech’s Spira Residence will be India’s tallest mixed use development project. The company said it is looking to attract private equity behemoths to the project. Supertech said it has raised Rs 750 crore debt from bankers while the US-based private equity player Walton has pumped in Rs 100 crore into the residential project, which is part of the Supernova project. The total project is estimated at Rs 2,700 crore and will be […]
Supertech on Friday said it will raise Rs 750 crore through private equity to fund the development of its mixed-use premium project in Noida with an investment of about Rs 2,700 crore.
It has already raised Rs 100 crore from US-based private equity firm Walton Street Capital.
“We are launching today 78 high-end luxury apartments priced between Rs 5 crore and Rs 7 crore in the ‘Supernova’ project,” Supertech Chairman R K Arora told reporters here.
The company would develop […]
Founder-chairman V.G. Siddhartha of Amalgamated Bean Coffee Trading Co. Ltd (ABCTL) has bought back the entire stake that venture capital investor Sequoia Capital acquired in the company that runs the Café Coffee Day chain of coffee shops, said two persons close to the development. It’s the latest in a series of stake buy-backs by company promoters. Sequoia had invested $20 million (Rs.110 crore today) in 2006 for an undisclosed stake in ABCTL, which runs 1,300 cafes that it plans to […]
South African media giant Nasper is leading $150-million investment in online retailer Flipkart, a deal which is said to secure the company’s finances for next three years. Iconiq Capital, one of Silicon Valley’s hottest wealth managers with the likes of Mark Zuckerberg as clients, will be another new investor, while existing shareholders Tiger Global and Accel Partners make follow-on investments in the latest round of fund raise. The Nasper-led deal values India’s e-commerce leader at around $800 million. MIH India, […]
Indian exhibitor PVR Cinemas is set to receive a $19.3m cash injection after selling a 10% stake to L Capital Asia, a private equity fund backed by French luxury goods manufacturer Louis Vuitton Moet Hennessy (LVMH). PVR and L Capital are also setting up a joint venture to invest in companies operating entertainment, gaming, food and other leisure facilities in shopping malls. L Capital will invest $9m in the joint venture and PVR is contributing Blu-O Entertainment, its bowling alley […]
Sahara Group has agreed to buy a controlling stake in New York’s landmark Plaza Hotel for $570 million, Elad Properties said. The 105-year-old luxury hotel overlooking New York’s Central Park, is jointly owned by Elad Properties and Saudi-based Kingdom Holdings Co. Elad said it would receive 1.6 billion shekels ($400 million) for its 60 percent stake, while Kingdom will receive the rest. Kingdom, the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, will hold a 25 percent stake once […]
Intensifying row with its minority stakeholder, Norway’s Telenor-controlled Indian venture Uninor on Wednesday put on auction its entire telecom business for a minimum of Rs 4,000 crore, a move opposed strongly by Unitech. The Nordic countries’ biggest phone operator wants to scrap the joint venture with Unitech and migrate its business to a new company to seek fresh operating licences as the JV’s 22 telecom permits were among the 122 quashed by the Supreme Court in February. Telenor, which holds […]
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