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It's happening all over the industry. Professionals, after working through the corporate ladder for quite some time, are taking a plunge into entrepreneurship. The sector that's witnessing the trend most is the private equity fund management. Recently, a breakaway team from Citigroup and Citigroup Venture Capital International is targetting to raise a $125 million private equity fund. The fund will be managed by Samara Capital Management, and has been put together by Sumeet Narang, Gautam Gode and Radhika Dubash, who have held top positions in Citigroup and Citigroup Venture Capital International. […]
Angel Broking, which proposes to enter into insurance and third-party products, plans to invest Rs 600 crore to complement its expansion plans that includes scaling up its branch network from 75 to 250 branches across the country in 3 years. Angel is planning to raise Rs 250 crore from private equity investors and rest of the amount from internal accruals. […]
Goldman Sachs will pick up a 5 per cent stake in IL&FS Transportation Networks Ltd, a subsidiary of Infrastructure Leasing & Financial Services Ltd. Sources said Goldman Sachs would route the investment through its Mauritius-based wholly owned subsidiary — GS Strategic Investment Ltd. GS Strategic Investment will acquire 83.30 lakh shares of IL&FS Transportation, comprising 5.13 per cent of the equity, for Rs 83 crore. […]
India’s Rain Calcining Ltd said it had agreed to acquire US-based CII Carbon LLC. for $595 million in an all cash deal, making the combined entity the world’s largest maker of calcined petroleum coke.
Calcined petroleum coke is a pure … […]
The Hinduja Group India, which is in businesses ranging from banking to automobiles, plans to develop 4,000acres of land held by its listed units for residential and commercial use, under a company called Asiaa Property Development Ltd, joining a slew of business houses looking to cash in on a real-estate boom in the country. It’s also talking to private equity players interested in partnering the group in this venture. […]
United Breweries (Holdings) Ltd, which has acquired 26% stake in the country’s largest low-cost airline company Deccan Aviation Ltd for Rs 550 crore, will fund the deal partly through internal accruals. In keeping with the laws governing Indian stock markets, UBHL will also make an open offer next week to Deccan Aviation’s shareholders to acquire an additional stake of at least 20%. […]
The US-based Avenue Capital Group, a $12-billion hedge fund manager, has signed a deal with Nikhil Gandhi-promoted SKIL Infrastructure to pick up 26% stake for around $500 million. Avenue has raised $2 billion to invest in India’s infrastructure space, and … […]
Footwear retail major Khadim India Ltd (KIL) is considering placing equity with a clutch of private equity investors to raise close to Rs 65 crore for investing in leather goods, footwear and its newly launched departmental store chain business. If deals are clinched with PE investors, Khadim might drop its plan to come out with an initial public offering of equity shares, managing director Siddhartha Roy Burman told FE. […]
France Telecom is set to acquire network service provider GTL’s IT business for about Rs 250-300 crore. The acquisition, to be made through France Telecom’s business arm, Orange Business Services, would mark the group’s first acquisition in India.
ET has … […]
Sintex Industries board of directors yesterday approved acquisition of 81% of the shareholding of Wausaukee Composites (WCI), a company organized under the laws of the State of Wisconsin, US by the company. According to a release issued by Sintex to the BSE today, the company has acquired 81% of the shareholding of WCI in the first tranche and the balance shareholding subsequently. Sintex Holding US, the subsidairy of Sintex has acquired the stake of WCI. […]
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