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Morgan Stanley, Citi, Actis buy 6 pct in India NSE

Morgan Stanley , Citigroup  and private equity fund Actis have entered into agreements to buy 6 percent of India's National Stock Exchange (NSE) for undisclosed sums, the exchange said.

The deals will take foreign ownership of the NSE to 26 … […]

Venture Capital firms invest $508m in India during 2006

Venture Capital firms invested $508m across 92 deals in India during 2006, according to a study by Venture Intelligence in partnership with the US-India Venture Capital Association. This was up from 44 deals totalling $268m in 2005.

With 64 deals … […]

PE money continues to pour into India

Private equity (PE) money continues to pour into India. January alone saw 33 PE deals worth $1.16 billion against $7.5 billion in 2006. Global PE giants clearly outnumber India incorporated PE players, most of which are subsidiaries of large Indian … […]

UTI Venture, US fund to invest Rs 44 cr in Zylog

Private equity firms UTI Venture Fund and US-based Argonaut Private Equity are set to invest a total of Rs 43.8 crore (around $10 million) in the Chennai-based Zylog Systems (ZSL). The investment will be done through preferential allotment of shares. … […]

Nimbus To Invest $34 Million In DVD Rental Business

You have already heard that sports broadcasting company Nimbus Communications is entering DVD rental business. Now hear how much the company wants to invest in the business. The company, which plans to deliver DVDs in 30 minutes flat a la … […]

Bharti, Axa to launch realty fund

Bharti Enterprises and French insurance major AXA are set to launch a realty fund. At the moment the two are in talks to finalise the details of the JV.

Both companies are also on the verge of launching an asset … […]

AIG closes $410 million Asian private equity fund

AIG Global Investment Group puts the finishing touches to its second Asian Opportunity Fund and aims for gross returns exceeding 25%.
The second incarnation of the AIG Asian Opportunity Fund has closed with commitments of $410 million. This expansion stage … […]

ICICI Ventures to pick up stake in Temba for Rs 100 crore

ICICI Ventures is close to picking up Rs 100 crore stake in Chennai-based mid-sized shipmaker Tebma Shipping. This would the first deal in the Indian shipping and logistics industry in 2007.

Tebma, which is a Rs 300 crore company, supplies … […]

Tax plan for VCs sets off confusion

The finance minister's proposal to differentially tax venture funds will surely create inequality among funds that are sector-specific.

Chidambaram proposes to allow venture funds that invest in sunrise sectors like IT, biotechnology, nano-technology, and research on new chemical entities to … […]

AMP fund sets India target

AMP Capital Investors, the fund management unit of Australia's biggest life insurer, may raise as much as US$500 million (HK$3.9 billion) to invest in Asian power and port projects, with more than half destined for India.

AMP Capital may raise … […]