SME financing institution Small Industries Development Bank of India (SIDBI) has floated a private equity (PE) fund with an initial corpus of Rs 100 crore to help its customers expand their operations.
“We have recently set up a fund to … […]
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SME financing institution Small Industries Development Bank of India (SIDBI) has floated a private equity (PE) fund with an initial corpus of Rs 100 crore to help its customers expand their operations. “We have recently set up a fund to … […] Citigroup Venture Capital International (CVCI), Citi’s emerging markets private equity investment arm, will invest a fresh $1.5 billion in India over the next three years. It will be the largest such infusion by a single private equity investor in the Indian market and outstrips the $1 billion allocations made by the Blackstone Group and Carlyle Group each in 2005. The investments will be made out of CVCI’s global $4.5 billion Growth Partnership LP Fund II, which is slated to complete fund-raising in a few weeks. In three years, CVCI’s exposure to India will jump three-fold from the $500 million it has invested here so far. […] Baring Private Equity Partners India Ltd plans to launch its third India fund, with a corpus of at least $175 million (Rs717.5 crore) this year to target the energy and the knowledge process outsourcing (KPO) sectors. “Our third fund will be launched in the second half of 2007. Though the size of the fund is not yet decided, it will be substantially more than $175 million,” said Karthik Ranganathan, head (investments, alternate energy and engineering service), Baring India. […] Business space provider Ascendas has launched its first ever development fund for India – to tap into the country's booming real estate sector. Totalling S$500 million, the private fund will invest in the development of integrated property projects like business … […] Since Blackstone Advisors Pvt. Ltd’s debut in India back in May 2005, which it flagged off with a hefty $1 billion (Rs4,300 crore then) allocation—the largest by a single private equity investor at the time, the firm has not made significant inroads in the Indian private equity market. It has made just two investments so far: $50 million (Rs205 crore) in Pune-based Emcure Pharmaceuticals Ltd and $275 million in Ushodaya Enterprises Ltd, the Hyderabad-based media group which owns Telugu newspaper Eenadu. The two deals are a far cry from the $300-400 million-plus deals that the firm had stated as its investment mandate for India two years ago. […] India’s first Shariah-compliant infrastructure fund is on its way. The 2i Capital Group, which operates in India, UK and Mauritius, in a consortium with Oman-based Amwal Investment SAOC has launched a $300-million offshore Shariah-compliant Indian Infrastructure Development Fund. The seven-year fund, registered with the Securities and Exchange Board of India (Sebi), is based in Mauritius. The fund’s investments will be made in accordance with Islamic Shariah principles; Shariah law forbids some of the standard features of typical private equity deals, including charging interest on debt. […] Evolvence India Holdings PLC said it has completed investing about 40 mln usd, raised through its initial public offering, into the Evolvence India Fund (EIF), an established private equity fund focusing on growth capital in India. Evolvence India Holdings, a … […] DLF, which is shortly entering the capital markets for raising around Rs 9,000 crore, is planning to float three private equity funds totalling $8 billion this August. The funds will be syndicated to foreign investors and are likely to close by December. The three funds will finance the company’s projects including infrastructure development such as roads and highways (a $2 billion fund), super luxury hotels ($1 billion) and two integrated townships of 20,000 acres each ($5 billion) by the DLF-Nakheel joint venture company. […] Standard Chartered Private Equity has made a partial exit for its investment in Aurobindo Pharma for about Rs 95 crore. The fund had picked 4.5% of equity in the Hyderabad-based generic pharmaceuticals manufacturer three years back and had added 0.5% … […] GVFL Ltd has announced divestment of its holding from Anupam GlobalSoft Ltd (formerly Anupam Infosys Ltd), a company promoted by the Anupam Group of Companies, based in Vallabh Vidyanagar and part of its ‘Gujarat IT Fund’ in 2000. This is GVFL’s 52nd exit from its 60 investments. […] |