Michael & Susan Dell Foundation (MSDF) and Lok Capital LLC have invested $1.5 million in Arohan Financial Services Ltd, a Kolkata-based microfinance institution (MFI). Arohan already has commitments of about $500K (Rs 2 crore) from Bellwether Microfinance Fund. Swaminathan Ankleshwar Iyer, author and journalist, is also an investor in Arohan.
Promoted in 2006 by Shubhankar Sengupta, [...]
The Oman Investment Fund, an investment arm of the Sultanate of Oman, is picking up 18.7% in Quippo Telecom Infrastructure for Rs 480 crore ($113 million) which values the firm at Rs 2,556 crore ($603 million). Besides, some of existing investors in the holding company Quippo Infrastructure (which is into various infrastructure equipment rental businesses) [...]
IPGA Ltd., which develops and operates real-estate portals across Asia, has picked up a controlling stake in Horizon Infoventures Private Ltd., owner of Indian property portal RealAcres.com. The acquisition has been routed through IPGA Ltd’s wholly-owned subsidiary, iProperty Group Asia Pte Ltd. IPGA plans to bring its print, exhibition and online luxury products to Indian [...]
HummingBird Suites Pvt Ltd, Bangalore-based service apartment operator has received venture funding of $4 million from Helion Ventures Partners. This is the first round of funding for HummingBird. The company, which has a presence in five cities across the country, will use this round of funding for further expansion and scaling up of its operations. [...]
WL Ross & Co., the New York-based private equity arm of Investment co which is run by financier Wilbur Ross, joined by Goldman Sachs, to invest up to $100 million in SpiceJet Ltd. Goldman Sachs will receive equity warrants in the company. While Ross would invest $80 million in two tranches, Goldman Sachs will release [...]
India’s largest stock exchange National Stock Exchange (NSE) continues to be the favourite among investors. Hero Honda and Srei Infrastructure Finance have acquired stakes from IFCI and Stock Holding Corporation of India (SHCIL) at Rs 3,500 per share. SHCIL , a depository, has earned Rs 20.02 crore by selling 57,200 shares while financial institution IFCI [...]
Banglore-based start-up Devas Multimedia Pvt Ltd, a satellite-based multimedia services company, will receive funding of $75 million (Rs 317 crore) from Europe’s largest telecom firm, Deutsche Telekom. The German telco is picking up a 17 per cent stake for $75 million through its Asian arm, which values the company at $443 million, according to a [...]
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 [...]
Anil Dhirubhai Ambani’s Reliance Big Entertainment and renowned film maker Steven Spielberg are are inching closer to signing a deal. The agreement may be signed as early as next week, Bloomberg reported quoting sources. The deal would involve Reliance making an investment of $550 million in Spielberg’s studio DreamWorks SKG, allowing the film studio [...]
UTV Software Communications Ltd has sold 15 per cent stake in its broadcasting arm, UTV Global Broadcasting Ltd (UGBL), to Walt Disney Co Pte Ltd for $28.15 million. UGBL has allotted 3,00,000 equity shares to Walt Disney, said UTV Software informing the Bombay Stock Exchange. At the same time UTV Software allocated 1.5 million shares [...]
Bangalore-based Dynamatic Technologies Ltd is selling 11.1 per cent stake to private equity funds Fidelity Investments International, Amansa Capital Pte Ltd and New Vernon Capital for $17.75 million (Rs 75 crore). Dynamatic Technologies Limited produces engineering products for industries such as automation, aerospace, agricultural equipment and construction equipment. Dynamatic Technologies also claims to be Asia’s [...]
ICICI Venture’s mezzanine fund is making an investment of $10 million (Rs 40 crore) in Ahmedabad-based microfinance institution MAS Financial Services Ltd. This could be ICICI Venture’s first exposure to a financial services company. The company is also close to getting a fund infusion of $10 million from Dutch development bank FMO. MAS Financial is [...]
India and US-based e-publishing firm Pre-Media Global USA Inc (PMG) has raised $4 million funding from NEA Indo-US Ventures. In January this year, PMG had raised $18 million from JM Financial India Fund, a joint venture between JM Financial and Old Lane Fund (currently owned by Citigroup). Post investment, the company has three members from [...]
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 [...]
Exclusive: Hyderabad based mobile TV company, Apalya Technologies Pvt. Ltd, has received $500,000 (Rs 2 crore) investment from Mumbai Angels, a network of angel investors. Apalya aggregates premium entertainment content from content providers, and then optimises it for small screen or mobile viewing. The firm was founded in December 2005 by Vamshi Reddy and Shiva [...]
