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Maytas Properties, a closely held realty firm run by Rama Raju, younger son of the defamed founder of Satyam Computers B Ramalinga Raju, may rope in a strategic investor or a collaborator to stay afloat. Rama Raju, who has been charged of defrauding customers, is understood to be scouting for a strategic investor who may find the firm’s land bank attractive. The company could be valued at around Rs 3,500 crore, according to analysts. […] With most financial markets witnessing a slowdown which has resulted in more reasonable valuations, corporate houses and private equity players believe that the current valuations would result in increased merger and acquisition (M&A) activity in the coming months, according to a survey conducted by Grant Thornton. Over 45 per cent of respondents felt that the current valuations would result in increased M&A activity. An overwhelming 91 per cent of the respondents believed that the Indian economy has scope of […] Poised to invest Rs 24,415 crore in smaller enterprises Small and Medium Enterprises (SMEs), to which most banks are chary of lending, are being actively wooed by private equity (PE) investors. According to industry representatives around 70 per cent of the PE investment that came into India last year was invested in SMEs. PE funds are poised to invest an estimated Rs 24,415 crore ($5 billion) in Indian SMEs, they added. In the PE context, companies with revenues in the Rs 50-500 crore range have been categorised as SMEs. […] Infrastructure Leasing & Finance (IL&FS) has been handed control of rival Maytas Infra amid cancelled contracts and deep financial distress at a company which was once overseen by the son of the dis-graced founder of the erstwhile Satyam Computer Services. The government will wind down its role in Maytas Infra after having run it for about six months, a period when it failed to effectively arrest the cancellation of contracts that the company had won before the Satyam financial scandal erupted in January. […] |