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India's Housing Development Finance Corp. decided on Friday to sell shares to private equity firm Carlyle Group and Citigroup, joining other firms seeking funds to meet robust demand in India. HDFC, India's largest mortgage firm, will sell 18 million shares, … […] The Raheja’s and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital. The sale consideration is estimated at around $60 million (around Rs 245 crore), thus valuing the closely-held company at $400 million (around Rs 1,640 crore). ChrysCapital is buying around 11 per cent from the Raheja’s and another 4 per cent from Star TV, which holds a 26 per cent stake in the company. Star TV had invested $75 million for the stake. […] Television broadcaster NDTV, which has announced plans to float lifestyle and entertainment channels, will raise Rs 400 crore through a mix of debt and equity. The company's board of directors has approved the fund-raising scheme through preferential issue, qualified institutional placement (QIP), follow-on issue, or rights issue constituting a combination of equity shares, convertible debentures, convertible preference shares and warrants etc. […] Manufacturer of medical diagnostics and cardiac products Opto Circuits (India) is planning to raise about USD 20 million from strategic investors in the U.S; in attempt to realise its plans to venture into the U.S. market with its range of cardiac care products, reports Business Standard. Opto Circuits the Bangalore-based company will use the amount raised, to fund its expansion in the U.S market. […] Anil Ambani Group company Reliance Capital has acquired equity stake in Precision Wires India, a maker of enamelled copper wires, for Rs 17.7 crore. The Board of Directors of Precision Wires allotted 10 lakh shares at a price of Rs 177.15 each upon conversion of convertible debentures to Reliance Capital Trustee Company on account of Reliance Tax Saver (ELSS) Fund. […] HDFC India Real Estate Fund has bought a 10% stake in Pune-based real estate company Paranjape Schemes for Rs 75 crore. Private equity investor GE Capital has also signed a deal worth Rs 250 crore with the company for developing an integrated township project in Pune. “HDFC’s real estate arm has bought a stake in the holding company. The funds will be used for all upcoming projects of the company. GE Capital’s investment is for a specific project in Pune,” said Shrikant Paranjape, one of the promoters of Paranjape. […] Dubai Ventures, the private equity arm of Dubai Investment Group, has picked up 5% stake in Delhi-based Bharat Hotels for Rs 160 crore. The deal values the company at Rs 3,200 crore. Post-deal, the promoters’ stake— the Suri family and associates — will come down to 92%. The hospitality chain plans to raise up to Rs 1,000 crore through internal accruals, debt and private equity placements to fund its expansion programme. The expansion involves six properties under construction, while talks are on for setting up luxury hotels in Hyderabad, Amritsar, Chennai, Pune and Gulmarg. […] Telsima Corp. has raised $50 million in new funding in an effort to secure a strong foothold in India's broadband wireless market. Telsima, which was founded in Santa Clara in 2004, is a maker of broadband wireless equipment for telecom service providers. Telsima's chief executive officer Alok Sharma has a vision to make the company a “global telecom franchise out of India” by focusing on the Indian market. […] Citigroup Venture Capital (CVC) is believed to have bought 85% stake in retail brokerage Sharekhan for roughly Rs 650 crore, according to officials involved in the transaction. The private equity arm of Citigroup is said to have bought the stake from Sharekhan’s promoters and a few other investors. The final structure of the deal will be announced on Monday, a top company official told ET, while declining to divulge details. […] As the Bombay Stock Exchange successfully completed the demutalisation process as mandated by the Securities and Exchange Board of India, all eyes were focused on new investors who would be picking up the BSE’s remaining 41% stake. The names remain confidential at the moment, but sources close to the development said S “Kris” Gopalakrishnan, CEO-designate, Infosys Technologies, had picked up 1% in the BSE. Gopalakrishnan did so in his personal capacity, sources close to him said. When contacted, an Infosys spokesperson said Gopalakrishnan was unavailable for comment as he was abroad. […] |