|
|
Silverline Technologies has acquired Omega Direct Response, a global provider of customer interaction and management services. In the last 10 years, Omega Direct has successfully delivered over 68,251,221 customer interactions with an employee base of over 850 personnel, globally. Omega Direct designs and implements a wide spectrum of call center initiatives ranging from inbound customer care, sales and help desk to outbound services along with in-language services in English Spanish, French, Mandarin, Cantonese, Hindi and other languages. Omega Direct has plans to establish a facility at Gandhinagar and Chennai, India leveraging which it aims to be able to provide extend its far-shore support to its global client and new service support to the other customers wishing to explore new service delivery options. […]
An equity fund focused on the Indian real estate market, Red Fort Capital Advisors Pvt Ltd, plans to launch a Rs1,000 crore domestic fund which will buy land in key cities across India, joining the race to build land banks as also invest in redevelopment in Mumbai and other cities. Red Fort is looking to raise the corpus from high net-worth individuals, corporates, trusts and institutions in India. “It is an open-ended fund which means investors have an option to exit whenever they want to,” Subhash Bedi, director and partner, Red Fort Capital said. “The fund will give investors an opportunity to invest in real estate. We expect to return money to investors in 3-5 years.” Red Fort is a Cayman Islands-based fund that has about 10 investors, including government institutions, insurance companies and pension funds. It has raised Rs2,000 crore from these investors and invested Rs1,000 crore in India in the three years it has been around. […]
The Gitanjali Group has bought ‘Nakshatra’, the premium brand of jewellery promoted by Diamond Trading Company (DTC), for approximately Rs 100 crore through its Dubai-based subsidiary, Gitanjali Ventures. This also includes the purchase of the former exclusive licensee of the brand in India, Brightest Circle. Gitanjali Group had owned 33% stake in the company, while the remaining stake was owned by Kirtilal Kalidas and Mahendra Brothers. The group acquired the remaining stake of the company from these two players. Brightest Circle also had the option to purchase the brand. However, it has terminated its licence and ‘irrevocably waived and surrendered’ all the rights and interests in the Nakshatra brand. The company now plans to extensively broaden the Nakshatra brand portfolio hitherto restricted only as a diamond jewellery brand. […]
HSBC Private Equity Asia, a subsidiary of HSBC Asian Ventures Fund, on Monday said it pumped $7.5 million into New Delhi, India-based Newgen Software Technologies, a company that focuses on document imaging and work flow management systems. Imaging technology can help companies collate, retrieve, and present documents. Such business processes occupy a global market valued at roughly $10 billion to $12 billion and expected to climb steadily, according to analysts. […]
Healthcare has become a major private equity play and with a few select large players in the industry like Fortis, the investor line is long. NDTV has learnt that none other than private equity (PE) major Temasek Holdings is the front runner for a stake in the company. No wonder the stock is at its all time high and the key trigger could be Temasek buying into the company. Temasek is in talks with Fortis to pick up a 10 per cent stake. The deal value is not yet known but going by the current market price it is likely to be at least Rs 250 crore. The Fortis management is tightlipped about such a development but admits that it is open to partnerships to grow. […]
Ahead of its initial public offer, Mahindra Holidays and Resorts India Ltd (MHRIL), a subsidiary of Mahindra Holdings and Finance Ltd, has finalised a private placement with a bank which values the company at $1 billion. Sources said that the deal, likely to be announced on Tuesday, will see the Indian bank acquire a 2% stake in MHRIL for a consideration of around Rs 80 crore. When contacted, chairman Arun Nanda refused comment. MHRIL, which filed a draft red herring prospectus with Securities and Exchange Board of India (Sebi) last month, is targeting an IPO in the first quarter of the year. It plans to issue 42 lakh fresh shares through the IPO. Mahindra Holdings and Finance is a wholly-owned subsidiary of Mahindra & Mahindra. […]
|
Post your messages.Please refrain from posting offensive messages. IndiaPE accepts no liability for the consequences of your reliance on these postings and messages.
|