Mergers & Acquisitions
Kirloskar Acquires Two Companies In Germany: Kirloskar Electric Co. has picked up
stakes in two German firms. It will buy about 95 per cent in German manufacturing firm Lloyd Dynamowerke GmbH & Co and 100 per cent in Lloyd Beteiligungs GmbH from CMP Fonds I GmbH. The acquisitions will be done through its wholly [...]
Policy
Cap On Single Holding In Exchanges Go To 15% - Market regulator SEBI is examining a proposal to raise the equity holding limit in stock exchanges from 5 per cent to 15 per cent. The revised cap would be applicable for single investors, both local and foreign, reports Economic Times. The proposal is being examined [...]
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 [...]
A bear market rally on the Indian bourses is attracting a renewed interest from the hedge fund managers. It is now, Stephen Mandel, one of the highest paid hedge fund managers in the world, eyeing the Indian stock markets. Lone Pine Capital LLC, run by Stephen Mandel, and Traxis Partners LLC, are among 56 overseas [...]
Indian Pharma Co Bags $35M Order From UNICEF, Will Earn Over $50M In Next Two Quarters -
Panacea Biotec is learnt to have bagged a $35-million drug supply order from UNICEF to supply pentavalent vaccines, the first Indian company to get such a contract. Pentavalent combines four vaccines - Diptheria, Tetanus, Pertussis, Hepatatis B and HIB [...]
Private Equity
ICICI Ventures Eyeing Stake In Kerala Institute of Medical Sciences – An ICICI Venture associate fund and a Singapore-based private equity (PE) player are in talks to invest $75 million in Kerala Institute of Medical Sciences (KIMS). The funds will be utilized for Indian and overseas expansion, reports Economic Times. The hospital is [...]
Private Equity
Capvent Readies $250-Million To Invest In First & Second Time Funds
Lighthouse Announces First Closing Of Rs 500-Crore India 2020 Fund
Promethean Becomes Elephant Capital; Burmans Take Charge
ADAG Forms Entity To Raise $1 Billion Private Equity Fund; Ramesh Venkat To Head It
Gaja Capital Raises Funds From Electra, Goldman Sachs
AMP Capital Announces $750-M Asian Infra Fund; To [...]
Mergers & Acquisitions
Suzlon Eyes Stake In Shanthi Gears – Pune-based Suzlon Energy is in talks to pick up a stake between 50 to 100 per cent in Coimbatore-based Shanthi Gears through its subsidiary Hansen Transmissions International NV, reports Mint. The company has a market capitalisation of Rs 612 crore at a price of Rs 75. [...]
Corporate
Aditya Birla To Build $10bn Financial Services Biz - Aditya Birla Group is planning to to build a $10 billion integrated financial service business, spanning everything from stock broking and consumer finance to life and non-life insurance. The group is planning to grow through both organic and inorganic method, reports Financial Chronicle. It is [...]
Policy
Tax Policy - According to new scrutiny norms by Central Board of Direct Taxes (CBDT), a company which has introduced fresh capital exceeding Rs 50 lakh last fiscal could come under the tax scanner. The new norms are also against invoking of the Right to Information (RTI) Act, reports Hindu Business LIne.
Delisting Norms - [...]
(Via our content partner FinAlternatives.com): Dubai-based Baer Capital Partners has launched an open-end Mauritius-domiciled fund that invests in Indian equity- and debt-linked securities, derivatives and related structured products. The fund size is not revealed, however, VC Circle sources estimate it to be about $250 million.
“We are extremely excited about the launch of the Beacon India [...]
The primary market may be down but not out. After the stock market crash in January, which resulted in a bunch of firms abandoning their IPOs, it seems the public issue market is once again picking up with as many as eight issues opening in June alone (though the number of issues in July dropped [...]
The listed financial services arm of the Future Group, Future Capital Holdings Ltd, has recorded a five-fold growth in its income to Rs 19.34 crore for the quarter ended 30 June 2008 from Rs 3.32 crore during the same period last year. In Q1 results announced today, FCH has said that the company has reduced [...]
After hedge fund Venus Capital announced that it suffered a 22 per cent dip in returns, now Mirae Asset Management, Korea’s largest asset management firm, has liquidated its India fund owing to steep losses. The Korea Times, quoting Zeroin, a fund evaluating body, reported that Mirae has liquidated the “Class-C2″ fund for institutional investors last [...]
A hammered Indian stock market and upcoming concerns about higher oil prices, inflation and political turmoil doom the Indian hedge fund industry. Venus Capital Management’s $100 million Special Situations Fund, a $100 million long-short hedge fund focused only on India is down 22.25% in the first half, Reuters reports.
Vik Mehrotra, CEO and founder of Venus [...]
