|
|
MokshaYug Access (MYA) has received funding of Rs 8.35 crore ($2 million) from a private equity fund Unitus Equity Fund L P (UEF). The investment will enable MYA to build supply chain and infrastructure for dairy farming and healthcare centers, continue to create key market linkages between the rural community and upstream players, strengthen its technological platform to gear the business for volume- driven activities and expand its microfinance arm. MYA will concentrate on developing a franchise model around client-operated healthcare centers and dairy farming units and rolling it out to rural households. MYA will explore partnerships with healthcare service providers and dairy firms to roll out operations in these two verticals. Once a robust business model in dairy and healthcare is in place, MYA plans to roll out an entire range of verticals across rural India to reach one million households by 2010 and five million households by 2013, the company said. […]
Future Capital Holdings announced today that the company acquired 50.1% stake of the paid up equity share capital of Centrum Direct and Centrum Wealth Managers, respectively, on Mar. 12, 2008. Future Capital Holdings, a subsidiary of Pantaloon Retail India, is the financial services arm of the Future group registered as a non-banking financial company. In agreement with PRIL, the company provides financial products and services at malls, stores and retail outlets in India which are owned, controlled or managed by PRIL and its subsidiaries. It has an agreement with ICICI Bank for marketing and distributing credit cards offering loyalty points to customers and is finalizing corporate agency terms with group companies for general insurance products and life insurance products. […]
Investment firm Quantum Equity Advisors said on Monday it has launched a $500 million private equity fund focused on infrastructure in India. Q India Fund will focus on investments in infrastructure projects and companies in India, it said in a statement. India will need $500 billion to $515 billion up to fiscal year 2011/12 to upgrade its infrastructure, a finance ministry report said recently. It said 30 per cent of the total spending is expected to come from private firms. “This has created a tremendous opportunity for private equity in infrastructure over the coming years,” the statement said. (Sify) […]
Global premium lifestyle brand Tommy Hilfiger, controlled by buyout private equity Apax Partners, is looking at direct ownership of its India operations by bringing in the maximum permissible 51% foreign direct investment (FDI) allowed in single brand retail. Sources said the Amsterdam-based Tommy Hilfiger Europe BV, which has effectively become the global headquarters for the original American designer brand following the Apax takeover, was considering buyout of the perpetual India rights, currently with the Murjani Group. The Murjanis were the investors behind a young Tommy Hilfiger when the American designer introduced his first signature collection back in 1985, just like Gloria Vanderbilt, another global brand the Murjanis helped build around the same time. The Mohan Murjani-led group, after exiting their investments in Tommy Hilfiger Corporation, sewed up a deal to keep the perpetual brand rights for India as well as control over sourcing operations from here. The Murjanis ceded sourcing operations back to Tommy Hilfiger sometime back, but scripted the brand’s retail foray into the country in 2004. […]
Cairn India will raise approximately Rs 2,534.60 crore ($625 million) through a private placement with Petronas and Orient Global Tamarind Fund. The investors have agreed to purchase a total of 113 million shares of Cairn India at Rs 224.30 per share. The net proceeds of the private placement will be used to fund capital expenditure and for general corporate purposes. According to a release issued by Cairn India to the BSE today, the company board has approved the placement through a preferential issue of 63.30 million equity shares of Rs 10 each at a price of Rs 224.30 per share to Petronas. Orient Global Tamarind Fund will be issued and alloted 49.70 million equity shares at the same price. These shares will be locked in for a period of one year from the date of allotment. Following the private placement, Petronas will own approximately 12.7%, of the equity share capital of Cairn India as enlarged by the private placement and Orient Global Tamarind Fund will own approximately 2.6% of the enlarged equity share capital of Cairn India. […]
|
Post your messages.Please refrain from posting offensive messages. IndiaPE accepts no liability for the consequences of your reliance on these postings and messages.
|