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Private equity arm of Standard Chartered Plc will invest $35 million in Indian visual entertainment services group Prime Focus Ltd at a maximum price of 53 rupees per share, the Indian firm said. In addition, the company will issue warrants to the promoter Namit Malhotra, representing a right to subscribe to equity shares, for an aggregate amount of 1.04 billion rupees ($19.57 million) on preferential basis. These warrants are convertible into equity shares at a maximum price of 53 rupees […] Mumbai-headquartered women’s footwear brand Catwalk Worldwide is in advance talks with private equity fund India Value Fund Advisors (IVFA) to sell around 26 per cent stake for $18 million (around Rs 100 crores). The plan is to utilise the raised equity for retail expansion by setting up standalone stores and few acquisitions for backward integration. Founded in 1990, Catwalk has 40 stand-alone stores and around 250 shop-in-shops in India. Also, it is in talks with Sri Lankan retailer Odel and […] Auto component maker Anand today said it has acquired a stake in Mando Steering Systems India for an undisclosed amount. “Anand, India, has recently entered into a joint venture partnership with Mando Corporation, Korea, having acquired a stake in Mando Steering Systems India on October 29, 2012,” the domestic firm said in a statement. The company, however, did not share any detail such as the stake acquired, the valuation and the equity holdings of the two firms in the JV. […] Wealthy businessmen and private equity biggies have queued up to buy Moshe’s, one of Mumbai’s well-known bistros built over the past decade. Anjan Chatterjee of Mainland China, New Silk Route and Bangalore-based hotelier Prakash Shetty are in the reckoning to acquire majority ownership from the 43-year-old Jewish owner, Moshe Shek, who runs a chain of around ten cafes and restaurants. Shek, who earlier worked in the kitchens of the Taj Mahal hotel in Mumbai and Tel Aviv Hilton, is considering […] GE Capital, the investment arm of General Electric, has picked up a 7.69% stake for Rs 125 crore in Syngene, a subsidiary of Biocon. The deal values the biotech company’s subsidiary at about Rs 1,624 crore. Syngene, a contract research organization, is into drug discovery and development services. Its client list includes Bristol-Myers Squibb, Abbott, Endo Pharma and DuPont. “This stake investment is not just a financial investment. GE has leading edge expertise in lifescience technologies and we believe that […] The Indian logistics sector is turning out to be a hot destination for private equity investors, with the government allowing foreign direct investment (FDI) in multi-brand retail. In a recent development, three private equity (PE) majors — said to be ChrysCapital, Everstone Capital and Tata Capital — have joined the race to acquire minority stake in Delhi-based Transpole Logistics, a Rs 500-crore company with presence across India, China, South Korea and Southeast Asia. Avendus Capital is advising Transpole on the […] Realty players who are hard pressed on liquidity, and have been turning to the private equity (PE) players for funding, may end up benefitting customers. Industry experts say that while recent deals have been happening more in the residential real estate sector, PE players are investing in projects for shorter duration and with better cash flows. So, while dev-elopers may like to hold on to the price, the PE investor may wish to exit even at slightly lower returns […] The fundraising plan of Godrej Agrovet Limited (GAVL) is turning into a hot race as more private equity players are entering into the fray. In a latest development, global private equity majors -Kohlberg Kravis Roberts (KKR) and Apollo Global management LLC have evinced interest to buy stake in the Mumbai-based Agri-poultry business firm. According to sources in the know, KKR and Apollo are in early stages of discussion with Godrej Agrovet management and more private equity players have shown interest […] Chennai-based SUN TV Network acquired the Indian Premier League (IPL) Hyderabad franchise on Thursday for a whopping Rs 85.05 crore per year, it was announced here. The franchise has reportedly been acquired for the next five seasons, which makes the total winning bid Rs 425 crore. The franchise, earlier owned by Deccan Chronicle Holdings Ltd (DCHL), was made defunct by the Board of Control for Cricket in India (BCCI) after the owners failed to produce a Rs 100-crore bank guarantee […] Betting big on power business, Adani Enterprises board has approved infusion of additional funds in its subsidiary Adani Power and increase promoters’ stake to 75 percent from 68 percent. “Board of Adani Enterprises has approved, in principle, the proposal to allow additional investment in Adani Power so as to enhance the total promoters’ shareholding up to 75 percent from about 68 percent,” the company said in a release. However, the company did not disclose the amount that would be pumped […] |