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Nashik-based Valle de Vin, maker of Zampa wines, will merge with Bangalore-based Grover Vineyards within a month to create the country’s second largest vintner after Sula Vineyards. The merged company will be called Gover Zampa Pvt Ltd, Valle de Vin owner Deepak Roy said. Roy said Grover Vineyards owner Kapil Grower, Valle de Vin co-owner Ravi Jain and himself will make up the executive committee to manage the merged entity, but refused to share the post-merger shareholding pattern. He […] The country’s private equity players who took advantage of the market crash by increasing stake in listed companies are in a dilemma. The share prices are, again, tumbling down — day by day. Though PE majors like Carlyle, Blackstone, ChrysCapital and Sequoia claim to be betting on Indian market with a long-term view, they seem to be in a tight spot. The shares of the listed companies they back have declined 20-50 per cent in the past few weeks. Carlyle, […] Sebi pegs minimum allotment size for anchor investors at Rs 5 cr, move to help companies bring in serious players. The capital market regulator appears to be in a mood to appease companies which intend to go public at a time when investor confidence is hovering at record low levels. To start with, it has created a separate set of disclosures for funds (venture capital and private equity funds), that will make it easier for PE-backed entities to go public. […] Baring Asset Management will launch the Baring India Fund which will focus on Indian equities and equity-related securities of companies listed in India or which carry out the predominant part of their economic activity there. The primary focus of the account will make up at least 70 percent of the fund at any given point. Barings will invest up to 30 percent in companies listed outside India and within the Indian subcontinent which still conduct a significant proportion of their […] |