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U.S.-based hedge fund Tudor Investment Corp. plans to inject $100 million into Helios Capital Management Pte. Ltd. and take a 15% equity stake in the India-focused fund company, according to people familiar with the arrangement. Tudor's investment is a sign … […] Wal-Mart Stores Inc., the world's largest retailer, is negotiating for a possible association or strategic stake in Indian logistics firm Radhakrishna Foodland, the Economic Times reported on Thursday. “Wal-Mart is interested in closely working with us but it is too … […] It might be a brick-by-brick process but the slowdown in the property market is evident. Industry watchers firmly believe that with the dollar inflow into realty slowing down, land prices will also sober down, reports CNBC-TV18. Private equity firms are playing the wait-and-watch game. Experts say the volume of private equity joint ventures has fallen. And this is because private equity players expect land prices to fall further. […] The government is reviewing norms for investments by foreign venture capital funds in real estate, after the Reserve Bank of India coming round to the view that such funding is helping create an asset bubble in the sector. There is a view in the government that such funding in the sector should be stopped completely, sources close to the development said. […] The Raheja’s and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital. The sale consideration is estimated at around $60 million (around Rs 245 crore), thus valuing the closely-held company at $400 million (around Rs 1,640 crore). ChrysCapital is buying around 11 per cent from the Raheja’s and another 4 per cent from Star TV, which holds a 26 per cent stake in the company. Star TV had invested $75 million for the stake. […] Television broadcaster NDTV, which has announced plans to float lifestyle and entertainment channels, will raise Rs 400 crore through a mix of debt and equity. The company's board of directors has approved the fund-raising scheme through preferential issue, qualified institutional placement (QIP), follow-on issue, or rights issue constituting a combination of equity shares, convertible debentures, convertible preference shares and warrants etc. […] Manufacturer of medical diagnostics and cardiac products Opto Circuits (India) is planning to raise about USD 20 million from strategic investors in the U.S; in attempt to realise its plans to venture into the U.S. market with its range of cardiac care products, reports Business Standard. Opto Circuits the Bangalore-based company will use the amount raised, to fund its expansion in the U.S market. […] Anil Ambani Group company Reliance Capital has acquired equity stake in Precision Wires India, a maker of enamelled copper wires, for Rs 17.7 crore. The Board of Directors of Precision Wires allotted 10 lakh shares at a price of Rs 177.15 each upon conversion of convertible debentures to Reliance Capital Trustee Company on account of Reliance Tax Saver (ELSS) Fund. […] Mumbai-based Temptation Foods (TFL), a frozen food marketer, is understood to be inking a deal with HLL to acquire its marine product business division for around Rs 100-120 crore. The deal would also include transfer of the people managing the marine business in HLL to TFL. HLL’s marine division exports products like crabsticks, shrimps and fish fillets among others. The company had earlier short-listed four bidders for the sale. […] Nasscom is set to launch a Venture Fund along with Hyderabad-based ICICI Knowledge Park, an arm of the ICICI bank. Disclosing this to CyberMedia News here, Rajdeep Sehrawat, vice president of Nasscom, said the new Venture Fund will be under the trade body but will run as a professional Venture Fund. “We have earmarked Rs 100 crore to fund IT start-ups in India, which are involved in IP-creation. These companies could be anyone who is working on automotive electronics, wireless and broadband, life sciences, medical devices and the like,” he informed. […] |