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The eighties, in the US saw companies being taken over, financed by risky debt issuances known as junk bonds. Ivan Boesky and Mike Milken, were the leading perpetrators of this mish mash of leveraged buyouts and insider information based arbitrage … […] Kumbakonam-based City Union Bank will make preferential issues to six investors subject to approval from its shareholders and the Reserve Bank of India. The proposed investors include domestic players such as LIC, Larsen and Toubro and Yatish Trading, a promoter-group … […] US hospitality major Carlson is picking 26% stake in a fresh venture with the Unitech group for introducing the Regent hospitality brand in India. The joint venture would be developing the luxury hotel property located at Greater Noida with an … […] With an immense thirst for growth capital emerging from the rapidly growing small and medium enterprises (SME) sector, private equity (PE) players are now studying opportunities to invest in the same. Says Kapil Kaul, associate vice-president, Duke Equity Partners, “SMEs … […] Angel Broking, the Mumbai-based retail brokerage, is planning to sell 25 per cent stake to private equity players to raise Rs 250 crore to fund its expansion. […] Adlabs Films, the Indian production, laboratories and hardtops group, has acquired fledgling multiplex operator Rave Cinemas. Takeover gives Adlabs, which is part of the Anil Dhirubhai Ambani-controlled Reliance industrial conglom, presence in the wealthy Uttar Pradesh region, which counts for … […] Private equity fund Texas Pacific Group (TPG) and global financial services major Citigroup have put in their bids to acquire nearly 40 per cent stake held by the promoters in Sharekhan. The bids peg the valuation of the retail brokerage … […] Private equity (PE) is pouring into India, with investments nearly doubling to $2.5 billion during January-March 2007, riding high on six to seven mega deals during the period. In the corresponding period last year, PE investments totalled $1.27 billion. […] Enticed by an expanding economy and fast rising consumerism, global private equity firms and financial services companies are going all out to increase their presence in India. Firms which have recently made moves to affirm their interest in Asia’s third … […] The Rs 100-cr fund will invest in small-, mid-sized firms. The Small Industries Development Bank of India (Sidbi), the state-run lender to the small-scale sector, is planning to launch a Rs100-crore private equity fund, which will invest in small- and medium-sized companies. A Sidbi official said they would be essentially looking at companies going in for public offers. […] |