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Unlike last year when private equity participants exited through strategic deals with third party investors, this year PEs are opting to exit via initial public offerings route. Private equity fund SIF has already sold its 2.61 per cent stake in Firstsource Solutions, when the latter came out with its IPO. The forthcoming issue by rating agency ICRA will see IFCI and UTI-1 selling their stakes in the company. “As the Indian capital markets are doing well […] Bennett, Coleman & Co (BCCL) has inked an agreement to pick up around 5% stake in Ahmedabad-based Sai InfoSystem (India). UTI Bank is planning to set up a USD 500-million offshore fund, reports Economic Times. The bank received SEBI approval to start a PE fund in India as a domestic venture capital. It is now planning, to file for a … […] Real estate developers are increasingly looking at private equity firms as banks are turning off the taps due to the Reserve Bank of India’s stringent guidelines on funding commercial and retail developments. In the first two months of 2007 alone, nearly Rs 1,500 crore worth of private equity deals have been forged by developers all over the country. Industry sources estimate that as much as $4 billion (Rs 18,000 crore) could have been invested in domestic real […] Mobifusion, Inc., a global developer, publisher and distributor of mobile applications and technologies, has announced that it closed $3.1 million in Series A financing in 2006 from Emergic Ventures, Ingram Digital Group, Global Asia Partners and a major telecom company … […] India`s largest paper manufacturer, Ballarpur Industries Ltd (BILT), plans to invest close to $1 billion over the next seven or eight years to expand the operations of Malaysia's largest integrated pulp and paper mill, Sabah Forests Industries Sdn Bhd (SFI), … […] Continuing with its buying spree, Ahmedabad-based pharma major Zydus Cadila on Friday, announced the acquisition of Liva Healthcare of Mumbai, a mid-sized pharma company having Derma focused product portfolio. The group acquired 97.5% stake in the privately-held company-Liva Healthcare and … […] The ill effects of the budget proposal to restrict tax benefits of venture funds and private equity funds to just nine sectors are beginning to show. With the removal of pass-through status for private equity (PE) investments in most sectors, … […] Munesh Khanna, formerly head of investment banking at Merrill Lynch & Co’s unit in India, raised $300 million to invest in companies that are distressed or need management help to revive their finances. Khanna, 44, runs his new private equity … […] The investors in INX Media Pvt. Ltd which will have the entertainment and the music channels include Dunearn Investments, a wholly owned subsidiary of Temasek Holdings, NSR PE, a fund advised by New Silk Route Partners, New Vernon Private Equity, … […] |