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The share allotment committee of Deccan Chronicle Holdings at its meeting held on Jun. 08, 2007, converted 1,300 FCCB`s and allotted 541,410 equity shares of Rs 2.00 each. The above mentioned shares have been allotted to Swiss Finance Corp (Mauritius), Worli, Mumbai. The company is holding 1,300 number of bonds. […] Anil Ambani has been on a buying spree all these months picking up stakes in diverse companies through his financial services arm Reliance Capital. But now it seems he is looking for a buyer who will acquire minority stake in his insurance ventures. And foreign players waiting for a foothold in India are queuing up for a piece of the action. NDTV has learned that ADAG group company Reliance Capital is planning to rope in a partner for the insurance business. The group is likely to sell 26 per cent each in its life and non-life insurance businesses. […] Temasek is picking 27.74% equity stake in courier and express delivery firm First Flight in a deal worth Rs 107.5 crore. Mumbai-based First Flight, which is a public limited unlisted company promoted by the Saboo family, is the second largest domestic courier company with revenues of around Rs 300 crore. It is the largest domestic private equity deal in the courier and logistics space. As per the deal, Temasek would be picking 41.27 lakh shares through multiple tranches through a preferential issue. The shares would be allotted at Rs 260.47. The funds being raised would be used by First Flight for expansion of its aviation and warehousing businesses. Temasek which is an investment arm of the government of Singapore is routing its investment in the courier company through a Mauritius-based entity Dunearn Investment. […] Foreign funds Lehman Brothers and Alliance Bernstein will invest Rs 41.92 crore for allotment of around 12 lakh shares in Opto Circuits on preferential basis. An Extra Ordinary General Meeting (EGM) of the shareholders of the company would be held … […] IFC, the private sector arm of World Bank group, has signed an agreement to subscribe to an equity stake of 5.84 per cent amounting to US$ 8 million in LANCO Amarkantak Power Pvt Ltd (LAPPL). LAPPL, a special purpose vehicle promoted by LANCO Group, is developing a thermal power station in Chhattisgarh comprising two coal-based units of 300 MW each. The total project, estimated to cost around Rs 2,600 crore, is scheduled for completion in 2008. DEG, the private sector arm of KFW, Germany has already committed to having a 9 per cent stake in LAPPL and with LANCO Infratech Ltd holding 75.16 per cent, the balance equity would be held by other minority shareholders. […] Apax Partners, a UK-based private equity firm, is planning to buy a controlling stake in Mumbai-based Patni Computer Systems for over USD 800 million, reports Economic Times. Two other mid-cap companies and other private equity firms are also in the race to acquire stake in the company. […] NEA-IndoUS Ventures, a venture capital co-founded by tech evangelist Vinod K. Dham and seasoned Silicon Valley entrepreneur Vani Kola, has invested $5 million in Via, India's leading travel services firm. The first round of funding in Via, set up as FlightRaja last year, will be invested in expanding its products and service offerings, besides its presence through a network of agents, kiosks and franchises across the country. […] The final line-up of suitors for the $420-million acquisition of Cambridge Solutions—among the biggest in the Indian tech space—has HCL Technologies pitched against buyout private equity giants Carlyle and Permira. ET had first reported the names of Carlyle and HCL. But the entry of Primera, the largest European buyout fund, appears to be recent, say sources. If it retains interest, this could be Permira’s first India play. The company, which mopped up about $12 billion last year, has battled US buyout funds Blackstone and KKR in deals across the US and Europe. […] Angel Broking, which proposes to enter into insurance and third-party products, plans to invest Rs 600 crore to complement its expansion plans that includes scaling up its branch network from 75 to 250 branches across the country in 3 years. Angel is planning to raise Rs 250 crore from private equity investors and rest of the amount from internal accruals. […] Goldman Sachs will pick up a 5 per cent stake in IL&FS Transportation Networks Ltd, a subsidiary of Infrastructure Leasing & Financial Services Ltd. Sources said Goldman Sachs would route the investment through its Mauritius-based wholly owned subsidiary — GS Strategic Investment Ltd. GS Strategic Investment will acquire 83.30 lakh shares of IL&FS Transportation, comprising 5.13 per cent of the equity, for Rs 83 crore. […] |