|
Chennai-based TVS Logistics Services Ltd is in talks with private equity (PE) investors for a second round of funding, three people familiar with the development said. “We have not yet decided the quantum and stake of the investment,” managing director R. Dinesh said in a telephone interview on Saturday. The firm has plans to raise money from the equity market in the future, and this round of funding is a step in that direction since it would help his firm […] Global private equity majors are understood to be holding discussions with Prestige Constructions to buy out a special economic zone (SEZ) here for close to Rs 1,800 crore. Called Cessna Business Park, the 4.5-million sq ft project houses marquee technology majors like Cisco as its clients. The rental-yielding fully-developed SEZ on the Sarjapur-Marathalli outer ring road, is one of Prestige’s landmark commercial space developments. A spokesperson for Prestige said there have been offers for this tech-park from global private equity […] LIC Housing Finance (LICHFL), a subsidiary of Life Insurance Corporation of India (LIC) has launched a Rs 500 crore venture capital fund called LICHFL Urban Development Fund to make investments in housing and infrastructure projects. LIC Housing Finance the main sponsor and LIC the co-sponsor have both invested Rs 50 crore each while another Rs 100 crore has been raised in aggregate from high net worth individuals, direct retail investors and institutional investors,” said VK Sharma, CEO at LICHFL. “The […] Jacob Ballas Capital in race for Rs 600 cr worth project. Karaikal Port Private Limited, a subsidiary of Chennai-headquartered Marg Limited, is close to roping in third major private equity player. According to investment bankers close to Marg, Jacob Ballas Capital, a major private equity fund, which is investing from its third fund of $440 million, is understood to be one of the funds which is looking closely at the project. Marg Karaikal Port has so far raised around Rs […] In 2011, 11 infrastructure funds raised $5.4 billion from investors, a 40% drop from 2007, according to data from Venture Intelligence, a research service focused on private equity. In 2007, seven funds raised $8.8 billion Japan-based Nomura Holdings Inc. has put on the backburner plans to raise $500 million for its Indian Infrastructure Fund, according to two officials familiar with the development. The uncertain macroeconomic environment has triggered the decision, said the two officials, who spoke on condition of anonymity. […] Investments by private equity funds in Indian real estate grew 69% in 2011, said research firm Venture Intelligence, which tracks PE and VC investment activity in India. Of the 69 transactions that happened during the year, 53 had an announced value of $2,679 million compared to $1,582 million across 63 investments in 2010. The year 2011 saw increased private equity activity in the sector as real estate developers faced a cash crunch. This was because of a drop in home […] Kitchens at Indian houses are on way of transformation. Hence, more merger & acquisitions (M&As) are taking place among kitchen appliances majors in order to tap the fast growing market. According to experts, changing lifestyle at Indian houses bring more attention to kitchens causing MNCs eyeing strong foothold through M&As or partnerships. In one of the significant deals, French home appliance maker Groupe SEB had acquired 55 per cent in Maharaja Whiteline, the Delhi-based electrical appliance maker last month. In […] Sobering days are here for India’s big fat private equity industry. PE funds recouped significantly lesser money with the number of exits declining by half, raising concerns for global risk investors already worried over poor returns from the country. PE funds exited 55 investments netting $2 billion in 2011. This was significantly lower compared to $3.4 billion recouped in 108 exits during the previous year, said a JM Financial note on private equity sector in India. Limited Partners (LPs)-mostly […] Muthoot Fincorp Ltd, is looking to dilute five-six per cent stake to private equity (PE) players or strategic investors. The non-deposit taking non-banking finance company (NBFC) expects to raise Rs 500-600 crore by divesting this stake, a top official of Muthoot Fincorp told Business Standard. Muthoot Fincorp is a 100 per cent subsidiary of Kerala-based Rs 20,000 crore, Muthoot Pappachan Group, which has interests in financial services-primarily gold loans —hospitality, IT infrastructure, property, automotive and renewable energy. “A lot of […] Talks under way for partnership model to provide last-mile connectivity to 4G users. Reliance Industries (RIL) is planning to pick up a minimum 26 per cent stake in leading cable operators, including multi-system operators. The move is a part of the group’s strategy to rope in cable operators as well as multi-system operators (MSOs) as partners to provide last-mile connectivity to consumer homes for 4G broadband services, which would include data, voice and television. According to two independent sources, RIL […] |