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Milestone Real Estate Fund has invested Rs 110 cr into a residential project to be developed by Godrej Properties in Kolkota, a release from Milestone said. Though Milestone did not disclose the percentage of stake picked by itself, it said that both iself and Godrej will jointly develop 3 million square feet of residential property, it said. […] Private equity funds Carlyle Group and 3i, are among those holding preliminary discussions to take a substantial minority stake in pharmaceutical company Strides Arcolab’s injectables business, banking sources familiar with the development told ET. Strides had recently inducted New York-based financial advisory firm Lazard to bring investors on board for its injectables business, with an asking valuation of around $170-$200 million. The Bangalore-based firm manufactures sterile injectables and oral dosage formulations including tablets and soft gel capsules. […] Parsvnath Developers (PDL), one of India`s leading real estate and infrastructure providers has inked an agreement with leading international real estate private equity fund Red Fort Capital to sell 4% additional stake for Rs 250 million in its premium luxury residential project at Civil Lines, Delhi. With this additional stake the total investment of Red Fort Capital Parsvnath La Tropicana will increase to Rs 1, 150 million from Rs 900 million. […] The promoters of Cityland Technologies plan to raise $6 million (Rs 29 crore) to fund the expansion plans of the company’s business process outsourcing (BPO) arm Cityland BPO as well as foray into real estate consulting. The company plans to raise $5 million as seed capital for its real estate services venture Cityland, which will be started sometime this year, said Srinivasarao Kanneganti, chief executive officer, Cityland Technologies. Cityland is currently in talks with a few private equity players and angel investors to raise funding for the venture, though nothing has been finalised yet, Kanneganti said. “We are looking for angels, VCs and private equity players who can fund our plans and also join our board in an advisory capacity,” he said. […] US-based venture capital firm New Enterprise Associates (NEA) has picked up an undisclosed stake in Delhi-based RT Outsourcing for Rs 65 crore. RT Outsourcing offers repair and refurbishment services, technical support and call centre operations to third-party companies. “We have been growing rapidly over the last couple of years and with this investment we will be expanding our services lines and geographic spread through organic and inorganic means. NEA has picked up a stake in RT Outsourcing for Rs 65 crore,” RT Outsourcing Managing Director Shammi Moza said. […] Allcargo is a leading Indian private sector logistics operator and a niche global logistics player. Blackstone will invest an additional $23Mn, in Allcargo taking the total commitment to $75 Mn. As part of this transaction, Blackstone will continue to have representation on the Board of Allcargo. Commenting on the deal Mr. Shashi Kiran Shetty, Chairman and Managing Director of Allcargo, said, “Blackstone has added tremendous value to the company since we started our relationship 17 months ago and we are exited about this fresh investment by The Blackstone Group into the company. We believe that at this stage of our growth we have an opportunity to create significant value by leveraging Blackstone’s outstanding experience and track record.” […] IDFC Private Equity, the country’s largest infrastructure-focused PE fund, is buying out energy giant BP’s wind power assets in India for Rs 650 crore, signalling the latter’s exit from India’s wind power business and underscoring its renewed focus on the US market, a person close to the development said. IDFC Private Equity, which is bullish on clean technology and has dedicated Rs 1,000 crore for this, will buy the entire wind power portfolio of BP in India. BP has 40 mw assets in Maharashtra and 60 mw assets in Karnataka. The fund will make the payment for BP assets in two tranches, with the first worth Rs 350 crore. This acquisition will give the PE player a foothold in the wind power space. […] A sovereign fund of the Sultanate of Oman is investing roughly $125m, in Mangalore-based realty developer Mohtisham’s 300-acre integrated township, sources privy to the development said. The deal is probably the largest fund action in Indian tier-II real estate. Oman Investment Fund, through a Cypress-incorporated entity, is picking up 50% stake in Mohtisham Estates […] The Aureos India Fund and ePlanet Ventures have invested US$16 million in Indian container logistics and warehouse management services company Continental Warehousing Corporation (Nhava Seva) Limited (CWCNSL), part of the NDR Group. The Aureos India Fund, an initiative of Aureos Capital, a private equity fund management company specialising in investing in small to mid-sized businesses in emerging markets, has invested US$10 million in CWCNSL. ePlanet Ventures, a leading global venture capital and private equity firm headquartered in Silicon Valley, has invested US$6 million. CWCNSL commenced its operations in the year 2005 and in the last year reported consolidated revenues of Rs.1.5 billion (US$ 31.5 million). […] Healthcare Global Enterprises, the Bangalore-based cancer care provider, is close to raising $10 million (around Rs 50 crore) from Milestone Capital, a India-focussed private equity fund. Healthcare Global has so far raised close to Rs 150 crore by divesting just under 50 per cent through three rounds of funding from IDFC Private Equity, Premji Invest and Evolvence India Life Sciences Fund. The promoters led by chairman and CEO B S Ajai Kumar hold 32 per cent, while the rest is held by a few other individuals and corporates. […] |