After lending to the small and medium enterprises (SME), ICICI bank, the country’s largest private lender will take equity positions in these companies. ICICI Bank is reportedly planning to set up a small and medium enterprises (SME) focussed private equity fund of $200 million. The proposed SME focussed fund would look at sectors [...]
Banglore-based Lifeblob, a blogging, picture and video sharing engine where all your posts are arranged as a timeline, has received seed capital financing from Seedfund. Lifeblob links the diary entry that you make with the entry of other people mentioned or involved in the event recorded. So your diary entry becomes a part of other [...]
Bangalore-based online photo printing company Picsquare is going offline. The company has received undisclosed investment from city-based Bhola Digital Lab, an offline photo printing company. Picsquare is a customer of Bhola Digital Labs, which has been using its printing services. With the present investment, it will have both online and offline presence. Picsquare had secured [...]
Private Equity
Sobha Developers To Raise Money From PE Investors via SPV’s: Sobha Developers Ltd, the Bangalore-based developer, is planning to dilute minority stake to private equity investors for projects in Bangalore, Pune and Gurgaon to raise funds.
Gopinath To Raise $200M To Fund Deccan Express Logistics’ Project : Deccan Express Logistics, an air and ground [...]
Citigroup - we know this banking giant is too big to fail. But is it also too big to manage?
After being among the biggest casualties of the subprime mortgage-related meltdown in the West, suffering huge write-downs and shedding jobs and non-core operations, Citigroup finally has its reorganization strategy. Citigroup’s Asia business will be split geographically [...]
After equity it is debt financing for SVB in India. The parent company of Silicon Valley Bank, SVB Financial Group, has announced opening of its non-bank venture lending operation in India, SVB India Finance Pvt. Ltd. The venture lending arm will provide debt capital to domestic, venture-backed, early and mid-stage, high growth companies in India. [...]
Exclusive: Delhi-based e-waste management company Attero Recycling Pvt. Ltd has received $6.3 million in series A funding from Draper Fisher Jurvetson and NEA IndoUS Ventures. Attero was founded in 2007 by the brothers, Rohan Gupta and Nitin Gupta. The company plans to set up an automated Waste Electrical and Electronic Equipment (WEEE) processing plant [...]
Probably, its time for some activity in the fast growing tea business now. Mumbai based tea company, Sapat International is eyeing the British brands, Whittard of Chelsea and Taylors of Harrogate as potential acquisition targets, reports The Guardian.
Sapat International has parked £20m for these acquisitions, adds the report. After a failed attempt to get [...]
UTV Software Communications Ltd., the media and entertainment company, has picked up an 80 per cent stake in California-based gaming company True Games Interactive. The acquisition has been done through its UK-based subsidiary IG Intercative Entertainment, said the company informing the BSE today. True Games is a multi-player online game publisher involved in developing, licencing, [...]
Mahindra & Mahindra Ltd (M&M) has acquired a majority stake in the third largest tractor company in China, Jiangsu Yeuda Yancheng Tractor Manufacturing Co Ltd (Yancheng Tractor), for $26 million. Under the terms of the deal M&M and Yancheng Tractor will form a joint venture, which will have assets of $50 million. M&M will hold [...]
Exclusive: Mumbai based financial services company Edelweiss Capital is learnt to be setting up a private equity fund, and it is understood to have roped in Debi Guha from Government of Singapore Investment Corporation to head up the proposed fund. The size of the proposed fund is not known. Edelweiss nor Guha could not [...]
It’s unlikely anyone will complain about liquidity crunch in the stock markets next year. The government has relaxed investment norms for private sector managed provident fund (PF) and superannuation trusts - who manage a combined Rs 5 trillion worth funds of 40 million employees. According to the revised norms, which will come effective from next [...]
Communications and Manufacturing Association of India (CMAI), an association for information & communications technology (ICT) manufacturers, has announced $100 million venture capital fund to promote environment friendly research and manufacturing projects. The funds will be provided to the companies who are into research and manufacturing of telecom and ICT products in an environment conscious manner.
CMAI [...]
Policy
Govt Rejects SBI-SocGen JV Proposal For Depository Services
Govt May Have Nixed Jacob Ballas Deal In Devyani International
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
Mergers & Acquisitions
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
Tesco Finally Gets Indian Partner, Tata’s Trent
Auto Componet Maker Federal-Mogul [...]
Global buyout fund Kohlberg Kravis Roberts & Co (KKR), which recently decided to list on the NYSE, has said it is considering investing in infrastructure sector in India and China. The leveraged-buyout firm run by Henry Kravis and George Roberts said in an SEC filing that as a part of its growth initiative, it [...]
