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The Bombay Stock Exchange Ltd (BSE) on Friday said it had completed the sale of 51 per cent of its equity shares to 19 domestic and foreign investors, including 10 per cent to two foreign stock exchanges. The BSE, in the process, reduced its brokers' stake to 49 per cent in accordance with the government's directives. […] Atticus Capital LP (“Atticus”) announced today that an affiliate was selected by the Bombay Stock Exchange (“BSE”) to acquire a 4% interest in BSE. Commenting on the investment, Atticus founder Timothy Barakett said, “We are excited by this opportunity to … […] Thomas Caldwell, the brash Canadian broker who once took the New York Stock Exchange by storm by pushing it to go public, has turned up in India with the purchase of a 4-per-cent stake in the Bombay Stock Exchange (BSE)…. […] Electrotherm India Ltd on Wednesday announced that IFC, the private sector arm of the World Bank Group, will invest over Rs 101.37 crore ($25 million) to help expand the production of environment-friendly vehicles in Gujarat. Out of the $25 million commitment, the debt consists of $15 million repayable in 10 years, maker of various equipment for metal heating industry informed the BSE. The company would issue bonds for the remaining $10 million to the International Finance Corp (IFC), having option to convert them into equity shares, it said. […] Helion Venture Partners, a $140-million India-focused, stage independent venture fund, will announce today (Wednesday) its decision to invest in Chennai-based Anantara Solutions Private Limited, ‘a new generation outsourcing firm’. In Chennai, to announce the investment, Mr Sanjeev Aggarwal and Mr … […] Air Deccan, India's largest budget airline, plans to raise $100 mn by selling up to 26 per cent to a professional investor, Managing Director G.R. Gopinath said Tuesday. The company has appointed investment bank Edelweiss Capital to evaluate at least three potential private investors, Gopinath told AFP in Bangalore, ruling out a strategic sale to billionaire brewer Vijay Mallya's Kingfisher Airlines. “We are taking time to find out who we should go to bed with,” the 55-year-old entrepreneur said, adding a final decision that could involve a sale to more than one player will be made in two weeks to a month. […] Euronext-listed Yatra Capital Ltd said it has bought a 49 pct stake in a real estate joint venture development company in India for 21.6 mln eur. This is Yatra Capital's first investment out of the 100 mln eur in funds that it raised when it listed on Euronext Amsterdam in December last year. The company said the joint venture with India's Kolte Patil Developers Ltd will initially focus on Pune city, near India's financial capital Mumbai. The company will initially develop three separate residential projects in Pune. […] Reliance Capital said on Monday it had bought a 5 percent stake in Network 18 Fincap Ltd., making its second investment in a broadcasting firm in the last one month. Shares of Reliance Capital rose as much as 3 percent … […] Citigroup Inc.'s private equity arm Citigroup Venture International is one of the parties keen to buy a stake in private Indian retail brokerage firm Sharekhan Ltd., the Business Standard reported, quoting a source close to the development. Others interested in … […]
The ICICI Group-incubated Financial Information Network Operation (FINO) is about to close its first round of fundraising, worth about $20 million, by the end of month. Besides International Finance Corp (IFC), the private-equity arm of World Bank, a clutch of … […] |