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NYLIM India Fund invests USD 12 mn in Bajaj Motors

Mauritius-based foreign venture capital investor New York Life Investment Management India Fund (NYLIM India Fund) has injected USD 12 mn as equity investment into Bajaj Motors Ltd (BML).

Commenting on the deal, BML Chairman-cum-Managing Director V P Bajaj said, “The … […]

India TV gets $11.5 mn foreign investment

Indian language news channel India TV has attracted an investment of $11.5 million from FUSE+Media, an affiliate of leading international venture fund ComVentures.

FUSE+Media has invested in India TV through Mauritius-based CV Global Holdings.

'The partnership will strengthen India TV's … […]

Actis, Argon acquire 20% in Phoenix Lamps

Private equity investor Actis and its affiliates have acquired a 20 per cent stake in Phoenix Lamps for Rs 106.45 crore, taking their holding in the company to over 66 per cent.

The open offer to the shareholders of Phoenix … […]

Emaar MGF denies Deutsche Bank deal report

Property developer Emaar MGF Ltd. denied a newspaper report on Sunday that Deutsche Bank had bought a small stake for USD 1 bn ahead of an initial public offering.

Emaar MGF Chairman and Managing Director Shravan Gupta told agencies there … […]

ADM to pick up 10% in S Kumars, Brandhouse

Hong Kong-based private equity firm ADM Capital is investing $107 million into S Kumars Nationwide Ltd and its retail arm Brandhouse Retail.

ADM will invest $82 million to acquire a 10% stake in the S Kumars Nationwide and $25 million … […]

Deutsche Bank pays $1 bn for 5% in Emaar-MGF

Firm is gearing up to float an IPO and has now raised its targetted mop-up to Rs 25K cr.
 
New Delhi-based real estate company Emaar-MGF, which is gearing up to float an initial public offering, has sold under 5 … […]

IDG Ventures invests $2 million in Manthan Systems

IDG Ventures India, an early-stage technology venture capital fund, has invested $2 million (Rs.8.8 million) in Manthan Systems Ltd, a software product firm focused on business intelligence and analytics in the retail segment.

The venture fund raised from IDG would … […]

Citigroup’s PE arm buys 19.9% stake in Anand Rathi

In a major comeback within a short span of four years, the Anand Rathi Securities Ltd (ARSL), promoted by former president of Bombay Stock Exchange (BSE) announced that Citigroup Venture Capital International (CVCI), a leading foreign private equity player, has … […]

VASCO picks up stake in Fortis Healthcare for Rs 106.89mn

Fortis Healthcare, FHL, one of the largest private healthcare companies in India, announced the signing of a definitive agreement (pre-IPO agreement) for allotment of 6.7 lakh equity shares to VASCO, an investment arm of McKinsey & Company, for an investment … […]

PE funds to take major stake in INX Media

Foreign funds are picking up just under half of the equity in INX Media — the company set up by Indrani Mukherjea, the wife of former STAR India chief executive Peter Mukherjea — that plans to launch a bouquet of … […]