|
|
Nasscom is set to launch a Venture Fund along with Hyderabad-based ICICI Knowledge Park, an arm of the ICICI bank. Disclosing this to CyberMedia News here, Rajdeep Sehrawat, vice president of Nasscom, said the new Venture Fund will be under the trade body but will run as a professional Venture Fund. “We have earmarked Rs 100 crore to fund IT start-ups in India, which are involved in IP-creation. These companies could be anyone who is working on automotive electronics, wireless and broadband, life sciences, medical devices and the like,” he informed. […]
The private equity arm of Asian investment bank, CLSA, has $700 million available to invest in small and medium-sized Asian companies in sectors such as real estate and consumer goods, an executive said on 23 May.
Josephine Price, deputy chief … […]
Citigroup is in talks with IBM Corp. among others about selling a strategic stake in its Indian business process outsourcing (BPO) arm, Citigroup Global Services Ltd, the Mint paper said on Wednesday. Quoting industry sources, the paper said the BPO unit could be valued at over $1 billion, based on estimated annual revenues of $300 million-$400 million. […]
General Electric (GE) Co India is stepping up its real-estate financing in India at a time when concerns about overheating in the sector have prompted the government as well as the Reserve Bank of India to try and curb the flow of money into commercial and residential construction. “We are looking to put to work $2 billion (Rs8,200 crore) in debt and equity across all types of real estate in India: residential, retail, townships and special economic zones (SEZs),” said Tejpreet Singh Chopra in a telephonic interview earlier this month, ahead of being named the new chief executive officer for the American conglomerate's vast and rapidly growing India operations. GE said on Monday that the 37-year-old Chopra will take over on 1 June from Scott R. Bayman, who has been GE’s India CEO for 14 years. […]
HDFC India Real Estate Fund has bought a 10% stake in Pune-based real estate company Paranjape Schemes for Rs 75 crore. Private equity investor GE Capital has also signed a deal worth Rs 250 crore with the company for developing an integrated township project in Pune. “HDFC’s real estate arm has bought a stake in the holding company. The funds will be used for all upcoming projects of the company. GE Capital’s investment is for a specific project in Pune,” said Shrikant Paranjape, one of the promoters of Paranjape. […]
Dubai Ventures, the private equity arm of Dubai Investment Group, has picked up 5% stake in Delhi-based Bharat Hotels for Rs 160 crore. The deal values the company at Rs 3,200 crore. Post-deal, the promoters’ stake— the Suri family and associates — will come down to 92%. The hospitality chain plans to raise up to Rs 1,000 crore through internal accruals, debt and private equity placements to fund its expansion programme. The expansion involves six properties under construction, while talks are on for setting up luxury hotels in Hyderabad, Amritsar, Chennai, Pune and Gulmarg. […]
|
Post your messages.Please refrain from posting offensive messages. IndiaPE accepts no liability for the consequences of your reliance on these postings and messages.
|