Apeejay Surrendra Park Hotels Ltd, owners of The Park Hotels chain, on Thursday said it has raised $55 million through a private equity deal with Credit Suisse. The money will be used to fund future expansions, a release issued said. “This infusion of capital will be a catalyst enabling us to expand our footprint throughout the region,” Apeejay Surrendra Park Hotels' Chairperson Priya Paul said. The Park Hotels is India's first collection of contemporary luxury boutique hotels with properties in Bangalore, Chennai, New Delhi, Kolkata, Navi Mumbai and Visakhapatnam. […]

PE players, including Blackstone, Warburg Pincus and Carlyle, are eyeing a 10% stake in Moser Baer Photo Voltaic (MBPV) business for a consideration of about $150 million. Moser Baer may look at options of spinning off the PV business as a separate entity and may subsequently look at an overseas listing for its PV arm. When contacted by ET, MBPV CEO Ravi Khanna said: “While there is a lot of interest from PE players in the PV business, we have not yet reached the valuation stage. PV is a fast growing business worldwide and firms with good proposition do generate a lot of interests. As far as listing is concerned, there is no decision as yet.” […]