After raising Rs20.28 crore from Larsen & Toubro Limited through a preferential issue of 12 lakh shares of Rs10 face value at Rs169 per share earlier this year, the board of the Kumbakonam-headquartered City Union Bank Limited has decided to … […]
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After raising Rs20.28 crore from Larsen & Toubro Limited through a preferential issue of 12 lakh shares of Rs10 face value at Rs169 per share earlier this year, the board of the Kumbakonam-headquartered City Union Bank Limited has decided to … […] Bennett, Coleman & Co, owners of the Times Group, is believed to have bid for 2-3 per cent stake in the Bombay Stock Exchange (BSE). A senior executive of the company said: “Yes we have bid for a small stake. BSE is expected to revert soon. We have not got the allotment though.” Bennett, Coleman is supposed to have paid around Rs 70 crore for the stake. […] India Value Fund (IVF), which has a corpus of $600 million, has invested a further Rs 50 crore in SFO Technologies, a group company of the $200 million NeST Group. The investment comes after a year when IVF invested Rs 100 crore in this Kerala-based group as growth capital. […] New York Life Investment Management India Fund has picked up a minority stake in the Bangalore-based Avestha Gengraine Technologies (Avesthagen) for Rs 22.5 crore. Avesthagen will invest the money in expanding its business and to increase its global presence. Avesthagen is focussed on the convergence of food, pharmaceuticals and clinical genomics. The company provides solutions to agriculture and health disorders such as degenerative diseases, metabolic disorders and infections. […] Fire Capital Fund Mauritius, a global venture capital fund, plans to invest up to $250 million to develop integrated townships in 10 cities. By the year-end, the firm would also raise a $500 million fund to be dedicated to real estate and components of infrastructure, said Om Chaudhary, managing director, Fire Capital. […] London-basedActis Capital LLP, a private equity (PE) firm focusing on emerging markets, is raising a $3 billion (Rs12,300 crore) South-Asia fund. Out of this, over one-third or about Rs4,100 crore, is likely to be invested in India, according to a senior Actis executive. Actis’ proposed South Asia fund is significantly more than the $475 million it raised for investment in South Asia through its India Fund 2 and South Asia Fund 2, two years ago. […] In 1932, JRD Tata flew a light single-engine Puss Moth plane from Karachi to Bombay via Ahmedabad, the first scheduled air service in the country under Tata Airlines, which became Air India in 1946. More than 74 years later, Ratan … […] Infrastructure Development Finance Company (IDFC), India Infrastructure Finance Company (IIFCL), Citigroup and Blackstone, which had recently joined hands to float a $5 billion dedicated infrastructure fund, has sought the RBI’s approval to raise $3 billion from overseas markets over the … […] India's Tata Tea Ltd, the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 per cent of US-based Energy Brands Inc for $677 million. The company, which owns the Tetley brand, said this month it was eyeing acquisitions in the United States to help it expand its international operations. Source : Hindustan Times Sources informed CNBC-TV18 that two suitors – private equity investor Carlyle Group and HCL BPO have both backed out of the race to buy Scandent. The Scandent Group, owner of BPO and IT firm Cambridge Solutions may soon have to look for new suitors. According to sources, both bidders HCL BPO and Carlyle Group have backed out of the deal. The reasons for the deal falling through are not yet known. […] |