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Evolvence India Holdings PLC said it has completed investing about 40 mln usd, raised through its initial public offering, into the Evolvence India Fund (EIF), an established private equity fund focusing on growth capital in India. Evolvence India Holdings, a … […] IFC, the private sector arm of World Bank group, has signed an agreement to subscribe to an equity stake of 5.84 per cent amounting to US$ 8 million in LANCO Amarkantak Power Pvt Ltd (LAPPL). LAPPL, a special purpose vehicle promoted by LANCO Group, is developing a thermal power station in Chhattisgarh comprising two coal-based units of 300 MW each. The total project, estimated to cost around Rs 2,600 crore, is scheduled for completion in 2008. DEG, the private sector arm of KFW, Germany has already committed to having a 9 per cent stake in LAPPL and with LANCO Infratech Ltd holding 75.16 per cent, the balance equity would be held by other minority shareholders. […] Vijay Mallya-led UB Group, which has acquired 26 per cent in Deccan Aviation, on Wednesday made an open offer to shareholders of the company to buy an additional 20 per cent stake for about Rs 420 crore. Kingfisher Radio, a wholly-owned subsidiary of United Breweries Holding, made the offer for acquiring 2.70 crore shares of Deccan Aviation at a price of Rs 155 per share. […] ISMT Ltd on June 05, 2007 has announced that the Company through its subsidiaries and affiliates, has acquired a 100% stake in Structo Hydraulics AB (“Structo”), one of the largest and most well renowned manufacturer of tubular components for the hydraulic cylinder industry. These are downstream products made from seamless tubes manufactured by the Company. […] While it may not be commenting on its reported hostile takeover plan of Hindalco, $24 billion Canada-based aluminium giant Alcan has made clear its long- term intentions in India. Its step-down subsidiary Alcan Composites on Tuesday acquired a 76% stake in local aluminium architectural façade company Alukbond for an undisclosed sum. Alcan Composites is the $800 million business unit of $6-billion Alcan Engineered Products, which is a subsidiary of Alcan Inc. […] Apax Partners, a UK-based private equity firm, is planning to buy a controlling stake in Mumbai-based Patni Computer Systems for over USD 800 million, reports Economic Times. Two other mid-cap companies and other private equity firms are also in the race to acquire stake in the company. […] Sintex Industries through its US-based subsidiary Sintex Holding US, acquired US-based Wausaukee Composites (WCI) for a total enterprise value of USD 20.5 million, reports Business Standard. NEA-IndoUS Ventures, a venture capital co-founded by tech evangelist Vinod K. Dham and seasoned Silicon Valley entrepreneur Vani Kola, has invested $5 million in Via, India's leading travel services firm. The first round of funding in Via, set up as FlightRaja last year, will be invested in expanding its products and service offerings, besides its presence through a network of agents, kiosks and franchises across the country. […] DLF, which is shortly entering the capital markets for raising around Rs 9,000 crore, is planning to float three private equity funds totalling $8 billion this August. The funds will be syndicated to foreign investors and are likely to close by December. The three funds will finance the company’s projects including infrastructure development such as roads and highways (a $2 billion fund), super luxury hotels ($1 billion) and two integrated townships of 20,000 acres each ($5 billion) by the DLF-Nakheel joint venture company. […] Brokerages are increasingly investing in small-caps starved of capital. Private equity (PE) funds floated by Indian brokerages are making big inroads into the world of smaller companies as bigger PEs stay away from them. Brokerages such as Motilal Oswal, Religare, JM Financial, Edelweiss, Anand Rathi Securities, IDBI Capital Markets, which together manage over Rs 2,600 crore, are seeing opportunities in the small-cap space, providing the much-needed expansion capital to entrepreneurs, who otherwise find it tough to raise funds to meet their capital requirements. […] |