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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 […] Peepul Capital LLC, a Hyderabad-based private equity fund, is likely to invest Rs 500-Rs 1,000 crore in debt-ridden Deccan Chronicle Holdings Limited (DCHL), which publishes English newspapers Deccan Chronicle, Financial Chronicle and Asian Age, and Telugu daily Andhra Bhoomi. When contacted, Peepul Capital Managing Director C Srinivasa Raju said the company was willing to invest in Deccan Chronicle Holdings. However, he declined to specify the amount. “Our investment in DCHL would be from our $700-million fund (which includes $100 million […] Sovereign fund Temasek Holdings is in talks with Actis to acquire the latter’s stake in Bangalore-based retail chain Nilgiris Dairy Farm. Sources in the know, however, say a dispute between Actis and the promoters of Nilgiris is likely to disrupt the talks. Actis, which had acquired a stake of about 51 per cent in Nilgiris for Rs 300 crore ($65 million) six years earlier, had, in the recent past, increased the stake to 67 per cent. Though Actis has been […] Short-stay surgery provider Nova Specialty Surgery has raised 300 crore from Goldman Sachs and existing investor New Enterprise Associates, to expand its network of centres and fertility clinics in the country. The private equity arm of Goldman Sachs Group, which led the round, has invested 220 crore for a 26% stake in the company that makes it the largest shareholder. Other investors in the company include Omani industrial group OMZEST and GTI Group, a New York-based investment firm. “It is […] Kamdhenu Ispat today said it is in talks with private equity firms to raise up to Rs 100 crore for setting up a plant to produce raw material for its paints division and meeting working capital needs. “We are in talks with private equity firms, both domestic and international, to raise up to Rs 100 crore for expanding the paints division. The deal is likely to happen in a couple of months from now,” Kamdhenu Ispat’s Chief Financial Officer Harish […] Bigtree Entertainment, the Network18 backed company which runs movie and event ticketing website, BookMyShow, has raised $18 million or Rs 100 crore from Accel Partners, acquiring a minority stake in the company, reports The Times Of India. The report mentions that the investment was made by Accel’s US and India funds, and that BookMyShow will use the funds to expand into tier-II and III cities and for increasing its non-movie ticketing business. The funding was first reported by Mint, quoting […] Standard Chartered Private Equity (SCPE) has invested Rs 250 crore to pick up a minority stake in Vadodara-based Inox India Ltd (INOXCVA), a manufacturer of cryogenic storage and transportation equipment. Cryogenic storage equipment is a precision engineering product used for storage and distribution of liquefied gases used in industrial applications. The growing use of shale gas as a fuel source has also resulted into strong demand for cryogenic storage equipment for liquefied natural gas (LNG) across the globe, especially in […] At 300 metres and 80 floors, realty player Supertech’s Spira Residence will be India’s tallest mixed use development project. The company said it is looking to attract private equity behemoths to the project. Supertech said it has raised Rs 750 crore debt from bankers while the US-based private equity player Walton has pumped in Rs 100 crore into the residential project, which is part of the Supernova project. The total project is estimated at Rs 2,700 crore and will be […] Supertech on Friday said it will raise Rs 750 crore through private equity to fund the development of its mixed-use premium project in Noida with an investment of about Rs 2,700 crore. It has already raised Rs 100 crore from US-based private equity firm Walton Street Capital. “We are launching today 78 high-end luxury apartments priced between Rs 5 crore and Rs 7 crore in the ‘Supernova’ project,” Supertech Chairman R K Arora told reporters here. The company would develop […] South African media giant Nasper is leading $150-million investment in online retailer Flipkart, a deal which is said to secure the company’s finances for next three years. Iconiq Capital, one of Silicon Valley’s hottest wealth managers with the likes of Mark Zuckerberg as clients, will be another new investor, while existing shareholders Tiger Global and Accel Partners make follow-on investments in the latest round of fund raise. The Nasper-led deal values India’s e-commerce leader at around $800 million. MIH India, […] |