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The International Financial Corporation (IFC) has picked up 11.8% stake in Granules India (GIL), a mid-sized pharmaceutical firm, for $15 million (Rs 60 crore). The Hyderabad-based company plans to use the funds to part-finance its Rs 120-crore expansion projects. GIL’s … […] Top private equity funds like Blackstone Group and Schroders are keen to buy a stake in India’s Reliance Mutual Fund, a unit of Reliance Capital Ltd. the Economic Times reported today. The newspaper, quoting unnamed sources, said Reliance Capital was … […] International Finance Corporation (IFC), the private equity arm of the World Bank, will invest $22.5 million (Rs91.71 crore) in a subsidiary of Moser Baer, a manufacturer of optical storage discs. IFC would be investing the amount in an export oriented … […]
After raising Rs20.28 crore from Larsen & Toubro Limited through a preferential issue of 12 lakh shares of Rs10 face value at Rs169 per share earlier this year, the board of the Kumbakonam-headquartered City Union Bank Limited has decided to … […] India Value Fund (IVF), which has a corpus of $600 million, has invested a further Rs 50 crore in SFO Technologies, a group company of the $200 million NeST Group. The investment comes after a year when IVF invested Rs 100 crore in this Kerala-based group as growth capital. […] New York Life Investment Management India Fund has picked up a minority stake in the Bangalore-based Avestha Gengraine Technologies (Avesthagen) for Rs 22.5 crore. Avesthagen will invest the money in expanding its business and to increase its global presence. Avesthagen is focussed on the convergence of food, pharmaceuticals and clinical genomics. The company provides solutions to agriculture and health disorders such as degenerative diseases, metabolic disorders and infections. […] Sources informed CNBC-TV18 that two suitors – private equity investor Carlyle Group and HCL BPO have both backed out of the race to buy Scandent. The Scandent Group, owner of BPO and IT firm Cambridge Solutions may soon have to look for new suitors. According to sources, both bidders HCL BPO and Carlyle Group have backed out of the deal. The reasons for the deal falling through are not yet known. […] Kumbakonam-based City Union Bank will make preferential issues to six investors subject to approval from its shareholders and the Reserve Bank of India. The proposed investors include domestic players such as LIC, Larsen and Toubro and Yatish Trading, a promoter-group … […] Angel Broking, the Mumbai-based retail brokerage, is planning to sell 25 per cent stake to private equity players to raise Rs 250 crore to fund its expansion. […] Private equity fund Texas Pacific Group (TPG) and global financial services major Citigroup have put in their bids to acquire nearly 40 per cent stake held by the promoters in Sharekhan. The bids peg the valuation of the retail brokerage … […] |