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A US-based hedge fund has picked up a minority stake in the Bangalore-based real estate firm Century Real Estate Holdings, a division of the Bangalore-headquartered Century Group, investing close to $100 million (Rs 400 crore) in the company. Century Real … […] An Indian tycoon, Vijay Mallya, is pursuing another takeover deal, soon after buying a stake in a rival airline, as well as a Scottish liquor company. Mr. Mallya, chairman of the UB Group, an airline and liquor conglomerate, is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a Dubai investment fund and a group of investment banks […] Private equity funds, including DE Shaw, Temasek Holdings and HBM Partners, are believed to have approached Nicholas Piramal to fund the pharma major’s discovery research programme. The exact terms of the partnership remain unclear, but people close to the situation … […] International Finance Corp. (IFC) said on Thursday it will invest $15 million through debt and equity to fund the expansion of drug maker Granules India Ltd. IFC, the World Bank's private sector lending arm, said it would lend $9 million … […] Taro Pharmaceutical Industries lost somewhere between $95 million to $120 million in the year 2006. It's down to just $13 million cash and owes bondholders and the banks $240 million. The details appear in the summons that Taro sent to shareholders, to attend an assembly on June 23, on which they'll vote on the company's proposed acquisition by Sun Pharmaceutical Industries of India. Sun proposes to pay $7.75 per Taro share and to undertake the Israeli drug company's tremendous liabilities. […] Citigroup Venture Capital International (CVCI), Citi’s emerging markets private equity investment arm, will invest a fresh $1.5 billion in India over the next three years. It will be the largest such infusion by a single private equity investor in the Indian market and outstrips the $1 billion allocations made by the Blackstone Group and Carlyle Group each in 2005. The investments will be made out of CVCI’s global $4.5 billion Growth Partnership LP Fund II, which is slated to complete fund-raising in a few weeks. In three years, CVCI’s exposure to India will jump three-fold from the $500 million it has invested here so far. […] Baring Private Equity Partners India Ltd plans to launch its third India fund, with a corpus of at least $175 million (Rs717.5 crore) this year to target the energy and the knowledge process outsourcing (KPO) sectors. “Our third fund will be launched in the second half of 2007. Though the size of the fund is not yet decided, it will be substantially more than $175 million,” said Karthik Ranganathan, head (investments, alternate energy and engineering service), Baring India. […] Business space provider Ascendas has launched its first ever development fund for India – to tap into the country's booming real estate sector. Totalling S$500 million, the private fund will invest in the development of integrated property projects like business … […] The Bombay Stock Exchange Ltd. has offered to buy a 26 percent stake in Ahmedabad-based National Multi-Commodity Exchange of India (NMCE), a source close to the development said on Tuesday. Incidentally, one of NMCE's founders, Neptune Overseas Ltd., is also … […] ICICI Financial Services, ICICI Bank’s subsidiary which owns its insurance and asset management businesses, will offload 5.9 per cent stake to five investors for around Rs 2,650 crore. At the current price, ICICI Financial Services is valued at Rs 44,600 crore on a post-issue basis. The placement is subject to regulatory clearance. The private equity investors likely to buy the stakes are General Atlantic, Government of Singapore Investment Corporation (GIC), Temasek and Crown Capital. […] |