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The Hinduja Group India, which is in businesses ranging from banking to automobiles, plans to develop 4,000acres of land held by its listed units for residential and commercial use, under a company called Asiaa Property Development Ltd, joining a slew of business houses looking to cash in on a real-estate boom in the country. It’s also talking to private equity players interested in partnering the group in this venture. […] The US-based Avenue Capital Group, a $12-billion hedge fund manager, has signed a deal with Nikhil Gandhi-promoted SKIL Infrastructure to pick up 26% stake for around $500 million. Avenue has raised $2 billion to invest in India’s infrastructure space, and … […] Footwear retail major Khadim India Ltd (KIL) is considering placing equity with a clutch of private equity investors to raise close to Rs 65 crore for investing in leather goods, footwear and its newly launched departmental store chain business. If deals are clinched with PE investors, Khadim might drop its plan to come out with an initial public offering of equity shares, managing director Siddhartha Roy Burman told FE. […] The Carlyle Group is investing in HDFC Ltd., a housing finance company in India. The D.C.-based private equity firm, through its Carlyle Asia Partners, will purchase 15.25 million new shares in Mumbai, India-based Housing Development Finance. After the transaction closes, Carlyle will own a 5.6 percent stake in the Indian company, incorporated in 1977 to provide long-term financing to promote home ownership. […] A Warburg Pincus group company has acquired Cibernet, one of the world’s most experienced clearing and roaming business service provider for telecom companies across globe and with a sizeable presence in India, for over $200 million. The move is said … […] India Equity Partners (IEP), $300-million private equity fund has picked up a minority stake in Ocean Sparkle, an unlisted Hyderabad-based port management company for $18 million. Sources said that IEP has bought this stake at a valuation of $100 million … […] Godrej Properties, the real estate arm of the Rs 7,500-crore Godrej group, is learnt to be in talks with private equity investors to raise Rs 200 crore for its two realty projects in Hyderabad and Kolkata. The company is looking … […] V-Link, a fleet management company, has launched 'Meru', a metered call taxi service in Mumbai in association with India Value Fund, a Private Equity fund. The Company has launched 150 taxis in Mumbai and will increase the number to 1,000 by December 2007. […] US private equity giant Carlyle and American Towers have formed a partnership to buy and own cellphone tower assets in the country, a person familiar with the situation said. The duo may also bid for buying a minority stake in … […] Financial Information Network and Operations Ltd. (FINO), a Mumbai-based biometric enabled smart card solutions provider which is engaged primarily in providing financial and non-financial products and services to the unbanked masses nationally and internationally, today announced the closing of an equity financing round of Rs. 800 million. The investors are broadly divided between private sector banks, public sector banks and international investors. Private sector equity investors include ICIC Bank, ICICI Lombard and IFMR Trust. Public Sector equity investors include LIC, Union Bank of India, Corporation Bank and Indian Bank. International investors are represented by IFC, a private sector arm of the World Bank Group, Legatum Finance, and Intel Capital, the strategic investment arm of Intel Corporation. FINO intends to use the proceeds from the financing to set up the entire end-to-end solution of doing financial transaction at clients’ doorsteps. […] |