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Realty players who are hard pressed on liquidity, and have been turning to the private equity (PE) players for funding, may end up benefitting customers. Industry experts say that while recent deals have been happening more in the residential real estate sector, PE players are investing in projects for shorter duration and with better cash flows. So, while dev-elopers may like to hold on to the price, the PE investor may wish to exit even at slightly lower returns […] The fundraising plan of Godrej Agrovet Limited (GAVL) is turning into a hot race as more private equity players are entering into the fray. In a latest development, global private equity majors -Kohlberg Kravis Roberts (KKR) and Apollo Global management LLC have evinced interest to buy stake in the Mumbai-based Agri-poultry business firm. According to sources in the know, KKR and Apollo are in early stages of discussion with Godrej Agrovet management and more private equity players have shown interest […] Chennai-based SUN TV Network acquired the Indian Premier League (IPL) Hyderabad franchise on Thursday for a whopping Rs 85.05 crore per year, it was announced here. The franchise has reportedly been acquired for the next five seasons, which makes the total winning bid Rs 425 crore. The franchise, earlier owned by Deccan Chronicle Holdings Ltd (DCHL), was made defunct by the Board of Control for Cricket in India (BCCI) after the owners failed to produce a Rs 100-crore bank guarantee […] Betting big on power business, Adani Enterprises board has approved infusion of additional funds in its subsidiary Adani Power and increase promoters’ stake to 75 percent from 68 percent. “Board of Adani Enterprises has approved, in principle, the proposal to allow additional investment in Adani Power so as to enhance the total promoters’ shareholding up to 75 percent from about 68 percent,” the company said in a release. However, the company did not disclose the amount that would be pumped […] |