June 2007
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  

Contact us

Contact us

IDFC buys 33% more in SSKI for Rs 150 cr

Infrastructure Development Finance Company (IDFC) has hiked its stake in SSKI, a Mumbai-based privately held domestic corporate finance and institutional securities company from the current 33.33% to 66.67%. According to market talk, IDFC is said to have hiked its stake by shelling out Rs 150 crore. The company had bought the initial 33% stake in September 2006 for Rs 100 crore. Prior to the current deal, IDFC, Shripal Morakhia and employees held around 33% each in the brokerage entity. The development finally puts to rest all rumours related to the stake sale of Mr Morakhia, promoter of SSKI. Names of JM Financial and Reliance Money were also doing the rounds as potential acquirers. […]

June 27th, 2007

JP Morgan may put $100 m in Prestige Group

JP Morgan’s real estate arm is in talks with Bangalore-based realty developer Prestige Group to infuse close to $100 million in the company, sources said. They said the infusion could be through equity placement or debt financing in the flagship company Prestige Estates & Projects. Sources said the cash generated could be employed for developing projects across south India, as Prestige looks to expand its footprint outside Bangalore in a big way. Last year, Prestige had reportedly raised $100 million through debt financing for specific projects. […]

June 27th, 2007

PE players skeptical to invest in Indian aviation

The focus of Indian airline companies seems to be shifting from chasing consumers to chasing capital. Almost all of them are wooing private equity investors to rope in some money. And while PE players are more than keen to invest in the Indian aviation market, they are holding back. Deccan struggeld for over six months to rope in private equity players, Go Air has been in the market for over a year. In fact, almost all airlines in India have been working hard to crack a deal with investors – but with little luck! […]

June 27th, 2007