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Private-equity funds’ investments in stock broking firms in India are turning out to be a bitter experience. 2011 has been another year of pain and no gain for the PEs in stockbroking firms as as Indian markets ended with 25 per cent losses. “It has not been a happy experience,” admits Munish Dayal, partner, Baring Private Equity Partners, which invested about $35million in mid-2007 in Kochi-based JRG Securities at Rs 49/share. At present, the stock is quoting just above Rs […] Power trading firm PTC India is in talks with a sovereign wealth fund for setting up a private equity fund, which is likely to have an initial capital of about $ 100 million. Sources said PTC India is looking to float a private equity fund and is in advanced talks with a sovereign wealth fund. To begin with, the PE fund would at least have $ 100 million as capital, they said. However, they did not disclose further details. The […] Godrej Properties enters into private equity agreement with SUN-Apollo India Real Estate Fund, LLC acting through its affiliates/companies (SUN-Apollo). The real estate developer sells 49% equity stake in a subsidiary developing its project at Sector 104 in Gurgaon. Godrej Properties Ltd. (GPL), the real estate development arm of the Godrej Group, today announced an agreement with SUN-Apollo. Through this agreement, GPL has sold 49% equity stake in its subsidiary, Godrej Premium Builders Private Limited (GPBPL). SUN-Apollo has invested Rs. 45 […] Calendar 2011 has been marked by a high number of investments and low volumes of exits for the private equity industry as compared with last year. Although the year saw good valuations on offer for private equity investors, it was difficult to exit from existing investments, say analysts’ reports. Private equity deals adding up to nearly $8.6 billion were seen in 2011 as compared with the $8.2 billion worth of deals last year, said the KPMG India report on Private […] Private equity players and venture capitalists are cautiously optimistic about the prospects of their businesses, yet are hopeful of clinching more deals in the new year, say industry experts. “We are cautiously optimistic about 2012 as global uncertainty still looms large. However, the number of deals is likely to be higher as valuation look attractive,” IDG Ventures vice-president Ranjith Menon said. He also said global PE players may invest less in 2012 due to the risk aversion of foreign investors […] After foreign institutional investors turned net sellers in the Indian stock markets in 2011, the finance ministry came out with a mechanism to arrest market volatility in the new year. The ministry on Sunday decided to allow foreign individuals and pension funds, as well as other entities, to invest directly in equity markets. The individual and aggregate investment limit for these investors would be capped at five per cent and 10 per cent, respectively, of the Indian company’s paid-up […] |