Tata group firm Trent Ltd today said Anil Ambani-promoted Reliance Capital has bought 8.68 per cent stake in it for Rs 21.2 crore, marking ADA Group's entry into the retail sector. In a filing to the Bombay stock Exchange (BSE) today, Trent Ltd said Reliance Capital purchased 3,86,582 shares through a rights subscription on August 31. Click here to visit SME Buzz Also Read Related Stories News Now – Reliance Capital fund buys 8.7% in retailer Trent – Group not pushing me out, my desire to quit: Tata – Tata Chemicals to spend Rs 50 cr on new plant – Tata Motors to invest $641 mn a year for 3 years – Indra Nooyi rules herself out of race to succeed Ratan Tata – Tata Global Beverages plans restructuring Also Read Related Stories News Now – Markets off day's low – Chana futures recover on firm spot market demand – India defers power project bid date – FIIs pump in $2.5 bn in Indian stock market in August – Reliance Cap buys 8.68% in Trent for Rs 21.2 cr More Trent's shares shot up to a new high to touch Rs 1,126 per share in morning trade on BSE, up by 5.03 per cent from the last closing. […]

Delhi-based private security services firm Security & Intelligence Services (SIS) plans to raise $100 million through a sale of shares to a private equity firm partly to fund its expansion and retire high-cost debt, said a top company executive. Founded by first-generation entrepreneur Ravindra Kishore Sinha in 1974, SIS is one of the largest manpower security firms in the Asia-Pacific region with revenues of around `1,500 crore. The promoters hold 86% stake in the company and the rest is owned by the global hedge fund DE Shaw. While DE Shaw is likely to part exit, the rest of the stake sale will be through issue of fresh shares that will bring down promoters’ holding to 75%. The funds will be used for both organic and inorganic growth plans and to deleverage balance sheet, said Rituraj Sinha chief operating officer of SIS. “We intend to consolidate our position in the market before going public,” he said. The fund raising exercise is expected to be complete before December. […]

Muthoot Finance (MFIN), on Monday, announced that it has raised Rs 43 crore in the second round of institutional funding from Kotak India Private Equity Fund (KIPEF) for a minority stake in the company. This capital infusion will strengthen the company’s capital base, it said in a release here. During the first round of institutional funding, Muthoot raised Rs 157 crore from two leading PE namely Baring Private Equity Partners India and Matrix Partners India for a four per cent stake. Currently, MFIL has a gross loan book exceeding Rs 10,000 crore and more than 1,800 branches across the country. […]

3i Group plc and Actis are investing US $140 mn into the company GVK Power & Infrastructure is planning to raise US$280 mn (Rs 13bn) from private equity majors 3i Group plc and Actis, according to a report. 3i Group plc and Actis are investing US $140 mn into the company, says reprot. The report stated that company is expanding its power business and has lined up a slew of power projects and the equity would fund this expansion. Rate This Article Average rating : 5.0 Thank you for the rating. You have already rated ! Kalpathi Investments has picked up 45% stake for Rs 5.1 crore in the Chennai-based Primex healthcare, which has plans to set up over 50 premium quality diagnostic facilities at affordable cost across Tamil Nadu over the next 12 months. It will start setting up scans and lab facilities in six locations in Chennai, before expanding into other cities and towns in the State. The Indian diagnostic services industry is projected to grow at a CAGR of over 20% in the next three years. Targeted at all income groups starting from the lower-middle to the upper income group and corporates, Primex plans to offer high-end 1.5T MRI, multi-slice CT, high frequency digital X- ray, 3D ultrasound systems, computerised ECG, treadmill, PFT and EEG. […]

Elephant Capital, a private equity firm led by Dabur group promoter Gaurav Baurman, today said it has acquired a minority stake in clinical research firm ClinTec International for 8 million pounds (Rs 58 crore). “Through this investment, Elephant has entered the attractive clinical research base, where ClinTec operates as a global provider of outsourcing solutions addressing the drug development lifecycle,” the company said in a statement. It, however, did not disclose the exact amount of stake picked up by the private equity firm. Burman, who is the Managing Partner of Elephant Capital, and James Hauselein a non-executive director of the firm, have also made personal co-investments of 150,000 pounds (Rs 1.09 crore) and 200,000 pounds (Rs 1.45 crore) respectively in the transaction, it added. […]