Actis Capital LLP, a Private Equity (PE) firm, has its eye on emerging markets, to raise USD 3 billion South-Asia fund. Rs 4, 100 crore (USD 1 billion) from the fund will be invested in India; Actis is quoted to … […]
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Actis Capital LLP, a Private Equity (PE) firm, has its eye on emerging markets, to raise USD 3 billion South-Asia fund. Rs 4, 100 crore (USD 1 billion) from the fund will be invested in India; Actis is quoted to … […] $250 mn invested in 11 domestic clean tech firms in 2006. The clean energy business is turning out to be the next big thing for private equity and venture capital investors in India. Investors all over the world are ready to cash in on the clean technology business, thanks to tough postures adopted by the UN and global environment bodies in pushing companies to go environment-friendly. Following the trend, private equity and venture capital funds see big potential for investments in the clean energy sector in India, say industry experts. […] Private equity (PE) investment in India is taking a new route. People tracking the sector say that large and mid-sized PE funds are increasingly making inquiries with successful family-owned firms in smaller towns as valuations of large enterprises are surging … […] Bahrain-based Gulf Finance House (GFH) yesterday officially announced the launch of its $395 million private placement, to raise the equity required to fund the infrastructure of Energy City India. The investment is expected to yield a total return of at least 75 per cent over three years and the equity issue is being underwritten by Kuwait Investment Company. Following the success of the Energy City Qatar project, Energy City India is the second energy city in a series of energy- focused business clusters planned across the Middle East and Asia. […] Malaysia`s Petronas and Swiss Co. Petroplus are eyeing stake in Cairn India`s parent, Cairn Energy, reports Business Standard. Petronas, holding 10% of Cairn India through a pre-IPO placement, wants to buy out Cairn Energy`s 69% stake in Cairn India. The takeover talks pushed Cairn`s share price up 2.3%. At the current price of Rs 144.30 a share, Cairn Energy`s 69% stake will be around Rs 177 billion. […] The share price of Patni Computer Systems has surged over 8 per cent in the last two days on market buzz that IBM is in talks to acquire around 25 per cent in the company. With Patni’s market cap at Rs 7,211 crore on close of trading today, the acquisition could cost IBM around Rs 2,000 crore. Some investors are planning to offload their stake in the company. If IBM buys 25 per cent, it will have to make an open offer for an additional 20 per cent stake as per the Takeover Code of the Securities and Exchange Board of India. […] Telsima Corp. has raised $50 million in new funding in an effort to secure a strong foothold in India's broadband wireless market. Telsima, which was founded in Santa Clara in 2004, is a maker of broadband wireless equipment for telecom service providers. Telsima's chief executive officer Alok Sharma has a vision to make the company a “global telecom franchise out of India” by focusing on the Indian market. […] Citigroup Venture Capital (CVC) is believed to have bought 85% stake in retail brokerage Sharekhan for roughly Rs 650 crore, according to officials involved in the transaction. The private equity arm of Citigroup is said to have bought the stake from Sharekhan’s promoters and a few other investors. The final structure of the deal will be announced on Monday, a top company official told ET, while declining to divulge details. […] As the Bombay Stock Exchange successfully completed the demutalisation process as mandated by the Securities and Exchange Board of India, all eyes were focused on new investors who would be picking up the BSE’s remaining 41% stake. The names remain confidential at the moment, but sources close to the development said S “Kris” Gopalakrishnan, CEO-designate, Infosys Technologies, had picked up 1% in the BSE. Gopalakrishnan did so in his personal capacity, sources close to him said. When contacted, an Infosys spokesperson said Gopalakrishnan was unavailable for comment as he was abroad. […] International Finance Corporation (IFC) is looking to sell its 12.5% stake in Global Trade Finance (GTF), a Mumbai-based integrated trade finance company. IFC, which is the private equity arm of World Bank, is learnt to be in discussions with global … […] |