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IDFC Private Equity is all set to buy 15-20 % stake in Pune-based Parag Milk Foods for Rs 155-160 crore in the largest Private Equity transaction in the country’s dairy sector. Two people familiar with the discussions said the company will issue fresh shares to IDFC PE, while the transaction will also see existing investor Motilal Oswal PE reducing its stake in the company. Motilal Oswal had picked up around 10-12 % stake in Parag in June 2008 for close […] CarZ, a Hyderabad-based start-up which is into the multi-brand auto solutions space, is looking at raising Rs 120 crore (around $25 million) private equity investment by February next year. “We are in discussion with multiple PE investors from India as well as abroad. We may raise the money from a single investor or multiple investors,” Venu Donepudi, co-founder and managing director of CarZ, told Business Standard. The company has 16 CarZ outlets across Andhra Pradesh, Karnataka and Kerala. “We have […] Tech Mahindra, on Monday announced the acquisition of 51 per cent stake in mobile value-added services (VAS) provider Comviva Technologies, a Bharti Group company, for Rs 260 crore. The acquisition is expected to shore Tech Mahindra’s top line. With the new brand identity, Mahindra Comviva, the mobility business of Tech Mahindra and Mahindra Satyam combined is expected to clock revenues of Rs 1,000 crore by March 2013. At present, Tech Mahindra and Mahindra Satyam get around Rs 500 crore of […] In what can be seen as the first consolidation move in the Rs 20,000 crore-plus micro finance industry, IntelleCash Microfinance Network Company (P) Limited, an arm of the Intellecap group of companies, has bought 60 per cent stakes in the Kolkata-headquartered MFI Arohan Financial Services. The unique series of back-to-back transactions in IntelleCash and Arohan amounted to over Rs 52 crore and was facilitated by Aavishkaar Goodwell II, a fund that invests in entrepreneurial microfinance and financial inclusion businesses in […] |