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US private equity firm Warburg Pincus along with existing investors have pumped $32 million in fresh funds into India n online classifieds firm Quickr, the e-commerce company said on Tuesday. Quickr, which aims to use the cash to expand across online and mobile platforms, said existing investors that participated in this round include online retail giant eBay Inc, private equity Matrix Partners India and global venture capital firm Norwest Venture Partners. Rising incomes and aspirations to own big brands at […]
Aiming to bring unregulated and lightly regulated investment funds like hedge funds and private equity-venture capital funds under its ambit, Sebi on Monday came out with a comprehensive framework called Alternative Investment Funds (AIFs) Regulations. Market players feel that regulating hedge funds and investment vehicles that trade with short-term objectives is a step in the right direction. But VC industry veterans feel the steps could make capital raising by Indian-origin funds difficult.
“AIFs Regulations endeavour to extend the perimeter […]
The big boys of India Inc are foraying into the media business . After RIL chief Ambani invested in Network 18 group , the billionaire chairman of the Aditya Birla Group, Kumar Mangalam Birla, is buying a 27.5% stake in Living Media Group, the publisher of India Today weekly magazine.
In a statement, which did not give details on the size of the deal, the AV Birla Group, which has interests ranging from metals to telecoms, said Living Media […]
Private equity and venture capital investors expect tempered growth of 10-25 percent in the PE industry during this calender year largely due to challenges in exiting investments and regulatory uncertainty.
According to the latest findings of Bain & Company’s India Private Equity Report, in 2011, the total deal value surged about 55 percent to USD 14.8 billion over the previous year, whereas this year over 65 percent private equity (PE) and venture capital (VC) investors surveyed expect moderate growth of […]
Carborundum Universal (CUMI), part of Chennai-based Murugappa Group, has reiterated its intention to buy out 3M’s stake in joint venture company Wendt India, which has proved to be a bone of contention between the two for over a year now.
“I think still nothing has moved since last time,” CUMI MD K Srinivasan said in the company’s fourth quarter conference call. “”They have not come back to the table for any discussion or negotiations. And the Company Law Board […]
The Indian irrigation and sustainable agriculture giant, Jain Irrigation announced today that it has signed an agreement with Kibbutz Naan, to acquire the remaining 50% of the Israel based irrigation solutions Company NaanDanJain, which till now has been equally owned by Jain and Kibbutz Naan. This acquisition realises the call option that Jain Irrigation has held since acquiring the first 50% in 2007. Since signing the first agreement in 2007, NaanDanJain has increased its sales turnover more than 25%. In […]
Logistics major DTDC Courier and Cargo has acquired 53% stake in UAE-based Eurostar Express for an undisclosed amount.
“The acquisition allows DTDC to combine its strength with Eurostar and penetrate and consolidate its presence all over the West Asia, including GCC and MENA areas, more comprehensively,” said Suresh Bansal, director and head of international business, DTDC.
DTDC’s move to invest in a global company comes at a time when foreign companies are largely investing in firms in India. […]
India Value Fund Advisors (IVFA) may invest up to Rs 500 crore ($100 million ) in Manipal Hospitals, the third-largest domestic healthcare service provider, as the latter holds talks with private equity (PE) firms to accelerate expansion plans.
IVFA, with $1.4 billion in assets under management, is bullish on healthcare and has pursued deals, including buyout opportunities, in the sector. The PE firm may back Manipal to chase buyouts in an industry where many smaller chains and standalone hospitals […]
Private equity (PE) firms in India are increasingly looking to create holding companies to invest in high-growth sectors such as food and beverage (F&B), agriculture, education and clean-tech. A holding company is typically created to own stakes in other companies, especially by corporate groups running multiple and varied businesses. The revenue of the holding companies is expected to be larger than that of the stand-alone firms in its portfolio, making them more attractive in initial public offerings (IPOs) of shares—the […]
Japan’s largest electronics company, Panasonic announced plans to acquire 76.2% stake in Firepro Systems, a Bangalore-based company in infrastructure protection and security solutions such as fire alarm, fire suppression, video surveillance and building management.
Panasonic has also decided to enter into a definitive agreement for subscription of new shares through its wholly-owned subsidiary, Anchor Electricals. Panasonic will acquire a portion of Firepro’s ordinary shares owned by financial investors, while Anchor will invest in Firepro through a fresh issue of […]
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