Multiplex chain PVR Ltd Friday said it has acquired the cinema business of DT Cinemas, a subsidiary of DLF Group, in a cash-cum-stock deal. According to the deal, PVR will issue 25.57 lakh shares to DT Cinemas representing 10 percent of the fully diluted paid-up share capital of PVR and make a payment of Rs.20.2 crore, the company said in a statement. DT cinemas has a current portfolio of 29 screens with 26 currently operational and the other three expected to commence operations in six months. […]

The founding family of India’s largest real estate company has reached a deal with DE Shaw to buy out the hedge fund’s stake in DLF Asset (DAL), an important step presaging transactions that could lead to a Singapore listing for the DLF affiliate in the first quarter of 2010. DE Shaw will get a little less than $500 million from KP Singh and his family and privately-held DAL will most likely become a majority-owned subsidiary of listed property developer DLF, two persons directly involved in the transaction said. DAL, which buys completed commercial assets from DLF, was set up as a Real Estate Investment Trust (REIT) controlled by the Singh family. A Singapore listing for DAL, which was to have happened in 2008, was shelved following the crash in the global equity markets. […]

Coffee Day Group, the Bangalore-based company with interests in coffee plantations, coffee retailing, infrastructure development and technology investments, has detailed an investment appetite for about Rs 1,700 crore to expand its businesses over the next 3-4 years. The group, better known for its Café Coffee Day chain of coffee bars across the country, in its roadmap has said it will grow its plantation (coffee and banana) by investing Rs 200 crore, retailing business will absorb close to Rs 700 crore and infrastructure development and SEZs will envisage an investment of another Rs 750 crore. Coffee Day Holdings as part of these efforts to expand its business, is closing in on a private equity deal to raise $100-$150 million. “We are talking to 4-5 large private equity funds that have the capability to write $100 million cheque and the deal should be finalised within two months,” Siddhartha added. […]

Kingfisher Airlines Ltd said it is close to securing $400 million from private equity investors, as the cash-strapped carrier tries to cut its debt and interest burden. Chairman Vijay Mallya also said on Monday the airline would complete a $100 million rights issue and a $100 million global depositary rights issue by the end of the fiscal year next March. “I would certainly use a large part of that to reduce debt,” Vijay Mallya told reporters at the World Economic Forum. “Majorly into debt, to save the interest, so it is swapping debt for equity.” […]