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Indian Hotels Co Ltd (IHCL), the Tata group hospitality flagship, had last March announced Rs320 crore investment by Singapore based private equity firm, Omega TC Holdings Pte Ltd, into its subsidiary Roots Corp Ltd (RCL) that runs the Ginger chain of budget hotels in India. The IHCL management had then said that Omega TC was chosen after discussions with a few PE players and the investment, which was to be made in various tranches till 2014, included buying out some […] IL&FS Investment Managers, the private equity arm of IL&FS, is in advanced talks to pick up the Hershey Company’s 51 percent stake in its joint venture with the Godrej Group, the Economic Times newspaper said on Wednesday. The Godrej Hersheys joint venture, which is likely to come apart due to differences in business strategy between the partners, is valued at 5.5-6 billion rupees, the report said, citing investment banking sources. The deal will allow IL&FS to regain ownership of the […] The private equity arm of India’s Infrastructure Development Finance Co said on Thursday it invested 1.5 billion rupees ($30.47 million) in an agriculture services company, Staragri Warehousing and Collateral Management Ltd. IDFC private equity, which manages about $1.3 billion, will pick up a significant minority stake in the company, it said in a statement. Staragri, a Jaipur-based company, is into agri-commodity warehousing services. Source: Economic Times |