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Two years after ICICI Ventures acquired ACE Refractories (formerly known as ACC Refractories), in what was the largest leveraged buyout by a private equity fund in India during that time, it is understood that the fund has now put the company on the block. A source told TOI that two international funds and two global players in refractories have shown interest in ACE Refractories. It is learnt international biggies Goldman Sachs, Carlyle, RHI and Calderys have offered to buy the company as rapid growth in the domestic market continues to lure foreign firms. […]
J P Morgan Property Fund, which has mobilised over $300 million (Rs1,228 crore) to focus on Indian real estate, is going to set up a residential project in Chennai, at an estimated cost of Rs400 crore.
Chennai-based realty developer Arihant … […]
Venture capital (VC) arms of companies such as Intel, Cisco, Reliance ADAG, Google and Yahoo are increasing their investments in early stage technology and consumer service start-ups in India. In the past 12 months, Intel Capital, the venture arm of the world’s largest computer chip manufacturer, has invested in 10 start-up companies; the aim is to make one new investment every six weeks. In contrast, in the eight years from 1998, when Intel Capital first started investing in India, through December 2005, when it announced the Rs1,125 crore Intel Capital India Technology Fund, the firm would typically invest in an average of three-four start-ups in a year. […]
With the Reserve Bank of India (RBI) restricting banks from investing in real estate, developers are looking abroad to raise money. Their valuations touching all-time highs, many firms are making a beeline for the London Stock Exchange’s (LSE’s) Alternative Investment Market (AIM) that allows smaller companies to raise money. […]
Promethean India, an India-focused private equity firm managed by the Burmans of Dabur Group, has raised £50 million (about Rs 407 crore) on the AIM exchange to invest in India.
The London Stock Exchange boasts of more than 2,800 listings … […]
Fire Capital Fund Mauritius, a global venture capital fund, plans to invest up to $250 million to develop integrated townships in 10 cities. By the year-end, the firm would also raise a $500 million fund to be dedicated to real estate and components of infrastructure, said Om Chaudhary, managing director, Fire Capital. […]
London-basedActis Capital LLP, a private equity (PE) firm focusing on emerging markets, is raising a $3 billion (Rs12,300 crore) South-Asia fund. Out of this, over one-third or about Rs4,100 crore, is likely to be invested in India, according to a senior Actis executive. Actis’ proposed South Asia fund is significantly more than the $475 million it raised for investment in South Asia through its India Fund 2 and South Asia Fund 2, two years ago. […]
Infrastructure Development Finance Company (IDFC), India Infrastructure Finance Company (IIFCL), Citigroup and Blackstone, which had recently joined hands to float a $5 billion dedicated infrastructure fund, has sought the RBI’s approval to raise $3 billion from overseas markets over the … […]
The Rs 100-cr fund will invest in small-, mid-sized firms. The Small Industries Development Bank of India (Sidbi), the state-run lender to the small-scale sector, is planning to launch a Rs100-crore private equity fund, which will invest in small- and medium-sized companies. A Sidbi official said they would be essentially looking at companies going in for public offers. […]
The Tata group, which joined hands with private equity firm the Xander group Inc through its group company Trent earlier this month, has firmed up plans to raise $1 billion for an institutional retail real estate fund.
Xander group, through … […]
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