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Rabo Equity Advisors Pvt. Ltd, a farm and food-focused private equity (PE) firm, has invested Rs50 crore in Super Agri Seeds Pvt. Ltd. In a separate transaction, VenturEast Proactive Fund and Zephyr Peacock India agreed to invest Rs60 crore in e2E Rail, a services provider to railroad operators. While Hyderabad-based Super Agri Seeds is the eighth investment by Rabo Equity Advisors in India, it is the PE firm’s first investment in a seeds company, having acquired a significant minority stake. […]
Warburg Pincus LLC exited a more than seven-year-old investment in Kotak Mahindra Bank Ltd. (KMB) The U.S. private equity firm, which first invested in Kotak in November 2004, sold 26.5 million shares in a block trade today, said Malini Roy, an external spokeswoman for Warburg. Roy declined to provide details of the sale. The shares represent about 3.6 percent of the bank, data compiled by Bloomberg show. The holding is valued at $272 million, based on Kotak’s March 23 closing […]
Malaysia’s state investment arm, Khazanah Nasional, has sold its little more than 4 percent holding in India’s private sector lender Yes Bank for about $105 million, two sources with direct knowledge of the deal said on Monday. Khazanah sold the shares of Yes Bank in stock market block deals on Monday, said the sources, who did not want to be named as the information is not public yet. Khazanah and Yes Bank declined to comment. Credit Suisse was the sole […]
Norwegian sovereign-wealth fund Norges Bank Investment Management has cut its stake in three Indian infrastructure companies including IVRCL Ltd. and Lanco Infratech Ltd. in the past two weeks, stock exchange filings showed Tuesday. Norges Bank Investment has reduced its holding in IVRCL to 6.39% from 7.61% by selling shares on the open market and in Lanco Infratech to 4.93% from 5.97%, the fillings showed. It has also marginally cut its stake in NCC Ltd. to 5.51% from 5.57%. IVRCL and […]
Indian real estate fund Indiareit Fund Advisors, a unit of drugmaker Piramal Healthcare, is planning to raise $500 million via an offshore fund to invest in Indian development projects. The fund, to be launched after June, will look at raising money from investors in America, Europe and Asia who are showing renewed interest to invest in India. The offshore development fund will only invest as an equity partner and will focus on projects in Mumbai, Pune, Chennai, Delhi and the […]
Singapore government’s investment arm Temasek Holdings’ unit Allamanda Investments has sold shares worth $300 million (about Rs 1,500 crore) in India’s largest private sector lender ICICI Bank. As per the bulk deal transaction data at stock exchanges, about 40 per cent of the sold shares were acquired by global financial services giant Goldman Sachs, but the identity of the other buyers could not be ascertained. The shares of ICICI Bank today slipped 1.8 per cent to close at Rs 919.85. […]
PE majors New Silk Route and Bain Capital are holding talks for a $30-million minority investment in Barbeque Nation, a restaurant subsidiary of Sayaji Hotels, said sources familiar with the matter.
The two funds were vying for a little over 26% stake in Barbeque Nation Hospitality, which has mandated boutique investment bank o3 Capital for fund raising. The potential deal could value the restaurant chain at over $100 million, or about Rs 500 crore, if the funds agree to […]
Elara Capital, the UK-based financial services major with a strong Indian presence, is set to enter the private equity (PE) space. The company is in discussion with a Dubai-based financial major to launch a healthcare fund soon. Elara Capital Plc, a registered foreign institutional investor (FII) in India, manages several funds including Elara India Gateway Fund, domiciled in Luxembourg, and Elara India Opportunities Fund Ltd (EIOF), domiciled in Mauritius. The healthcare fund will have its focus on India, other south-east […]
Private equity giant Blackstone has pledged its entire equity stake in Gokaldas Exports, the country’s largest apparel exporter, to raise funds marking a rare instance in which a PF fund has resorted to this method to raise money.
Regulatory filings for the October to December period in 2011 show that the company’s foreign promoter, Blackstone FP Capital Partners Mauritius, has pledged its 68.27% stake. It did not disclose details about the funds raised.
“Blackstone’s Gokaldas’ stake is held […]
Eredene Capital has sold 10 per cent of its stake in Sattva CFS & Logistics Pvt Ltd for £1.1million (about Rs 8 crore) to the Chennai-based Sattva Business Group, which is the promoter of the container freight station (CFS). The partial sale was the first disposal since the UK-based investor Eredene Group began building a portfolio of infrastructure investments in India in 2007. The Eredene Group subsidiary originally invested £880,000 for 49 per cent of Sattva CFS with the Sattva […]
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