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Ansal Properties and Infrastructure is likely to ink a `300 crore private equity (PE) deal soon. It would most likely be a project-level deal for one of the properties in Greater Noida, said a source. The company has 19 integrated townships in northern India with maximum saleable area in the residential segment. The real estate developer has revised its pre-sales guidance for this fiscal by 4-5 million square feet (msf) to 21 msf on the back of robust traction […] The turmoil in microfinance and concerns about corporate governance inflicted collateral damage on social enterprises last year, making venture capital investors wary of putting their money in businesses aimed at low-income communities. The year 2011 was a generally good year for venture capital investing, but social enterprises were the exception because of their perceived connection to microfinance, an industry whose reputation has suffered severe damage in the past few months. “There is no doubt the microfinance slowdown has had a […] Defying the gloomy economic scenario, over half a dozen overseas private equity funds are set to pump in R3,500 crore ($700 million) in diverse sectors in India including entertainment and leisure, energy conservation, microfinance, antenna manufacturing and surgical instruments, among others. The deals will materialise within the next fortnight or two, sources in the investment banking sector said. This comes despite the slowdown in PE investments in the last three months of 2011. While Mauritius-based PE fund APF-II is looking […] Italian luxury brand Canali has picked up 51% stake to form a joint venture with its Indian franchise, Genesis Luxury Fashion, two persons familiar with the matter said. Though Canali had the option to set up a wholly-owned subsidiary, following the government’s decision last month to allow 100% foreign direct investment in single-brand retail, it has opted to stick to the previous ceiling. A higher shareholding would have required it to mandatorily source 30% of its products from Indian small […] Personal care products maker Godrej Consumer Ltd had decided to sell a 4.9% stake to Baytree Investments, an arm of Singapore-based investment firm Temasek, to raise Rs 685 crore for acquisitions and reduce debts. Baytree will subscribe over 1.67 crore shares at Rs 410 a share on a preferential allotment basis, subject to the signing of a share subscription agreement and shareholders approval. “The fund will be used for further acquisitions as well as reduce debt in the company,” chairman […] |