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BTS India Private Equity Fund Limited has announced investing around USD 7 million in Parabolic Drugs, a fast growing pharmaceutical company based out of Chandigarh. The capital will be used for funding Parabolic’s next level of growth and will be largely used for significantly expanding capacities for its existing and new products. With this, the Fund managed by Swiss based BTS group has completed yet another investment in pharmaceutical sector which is one of its preferred sectors. Several of the pharmaceutical companies invested through its earlier Fund have been doing exceedingly well and some of these have been nominated by CNBC TV18, ICICI Bank and CRISIL for the SME awards. Parabolic Drugs which has facilites at Derabbasi and Panchkula near Chandigarh has already established itself with several global pharmaceutical companies as an important supplier for APIs and bulk drugs ranging across several products in the betalactum and cephalosporins range. “The current round of capital raising is a step towards further broadening the product and customer base, and take the company towards its target of crossing Rs. 10 billion in sales over the next couple of years”, said Mr.Pranav Gupta, Chairman and Managing Director of Parabolic. […]
There may be a lull in the Indian real estate market, but dollars continue to pour in. Hongkong based Arch Capital Management will invest USD 100 million in Indian realty over the next two years. India's property market continues to attract foreign investors. Ayala Corporation and it's affiliate-Arch Capital Management-is expected to invest USD 100 million in property in India in the next two years. Ayala is one of the largest real estate brands in Phillippines. Currently, this private equity fund is evaluating property in Chennai, Hyderabad, the National Capital Region, Mumbai, Pune and Bangalore. Sources say it will subsequently consider smaller cities, as there is more room for development. Sources also say residential projects are top on Arch Capital Management's priority list as it is easier to exit them. But the fund is open to investing in retail and IT projects. […]
Bharti Airtel, is bidding for 51% of South African telecommunications group MTN, putting the value of the firm at $37-billion. London's Financial Times reports that Bharti has tabled a bid for MTN at R165 per share and has secured $12-billion from banks to finance the deal, which would make Bharti a top player in emerging markets telecoms. MTN says that it's in talks with Bharti. It has described the talks as exploratory in nature and has advised shareholders to exercise caution. (SABC News) […]
Leading foreign and Indian institutions including Deutsche Bank, Lehman Brothers, Goldman Sachs, ICICI Venture and HDFC Realty are in talks with Nirmal Lifestyle, a real estate developer in Mumbai, to buy a stake in some of its property projects. Nirmal Lifestyle, which is in the process of raising $5 billion to invest in its township projects across India in the next five years, has plans to raise $500-$800 million from private equity funds. “We are in the process of developing 20 townships under the brand name “Lifestyle City” across India. We just concluded the land acquisitions in various cities and initiated steps to raise $5 billion to invest in these projects. As a part of it, we will be raising $500 to $800 million from private equity funds,” Nirmal Lifestyle CMD Dharmesh Jain said. He declined to provide names. He said that the firm is also exploring other routes such as a public issue. […]
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