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 [...]
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 [...]
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 [...]
Mergers & Acquisitions
Tata Power In Race For Singapore’s Power Co - Tata Power Company Ltd has been shortlisted with five others in a bid to acquire Singapore-based power generation company Senoko Power, reports DNA. The deal is size is expected to be $3 billion. The power company generates 3,000 mw of electricity. Temasek, Singapore’s state-owned [...]
Aegis Communications Inc., the business process outsourcing arm of Essar Group, has acquired US-based PeopleSupport Inc., an offshore business process outsourcing (BPO) company for $250 million (Rs 1,061 crore). Aegis will pay $12.25 per share for the Nasdaq-traded PeopleSupport, which is a 29 per cent premium to its closing price Friday of $9.53 and a [...]
Media mogul Rupert Murdoch is betting big on Indian regional media. Murdoch, who is on a visit to India, said that he would invest $100 million in Indian regional TV channels in one year. First of his moves will be to pick up a 20-26% stake in the upcoming Marathi news channel Saam TV, which [...]
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 - [...]
Indian security companies are ready to take on the world. In the largest overseas deal from the security industry in India, Delhi-based Security and Intelligence Services (SIS) has acquired the guarding and patrol business units of United Technologies Corp (UTC) in Australia. UTC, an American conglomerate, has divested its three arms - Chubb Security Personnel, [...]
Update - Anil Ambani group firm Reliance Communications has denied reports saying that it is in the race to acquire English football club Newcastle United. “The news reports are completely false and baseless. There are no such plans,” Reliance Communications said in a statement.
Anil Ambani, though much richer, is never as flamboyant as Vijay Mallya. [...]
Private equity
Nomura Invests $16 Million In Chennai’s Real Images
Nokia Growth Partners Gets $150M From Nokia; Plans Office In India
Private Equity Deal Making May Not Necessarily See An Increase Post Credit Tightening
Value Pick: New York PE Firm Buys Into Welspun Gujarat
Red Fort Capital Acquires 49% In Godrej Properties’ Kolkata Project
Future Capital Holdings Income Grows 5-Fold; Logistcs [...]
The promoters of Videocon Group, the Dhoot family, has picked up a 14 per cent stake in Mumbai-based broadband company IOL Netcom Ltd from open market. The Dhoots have picked up 11.72 per cent stake through their investment arm Shree Dhoot Trading & Agencies Ltd, reports The Economic Times. Videocon also owns 1.83 per cent [...]
Gujarat-based Sintex Industries Ltd, which has interests in plastics and textiles business, has acquired a 90 per cent stake in German company Geiger Technik GmBH for $50 million. The acquisition has been done through its wholly owned Netherlands-based subsidiary Sintex Holding B.V. and Geiger Technik has been given an enterprise value of $55.5 million. The [...]
Internet job portal Timesjobs.com has acquired Gurgaon-based CyberMedia Careers, which is a part of the media house CyberMedia. TimesJobs has acquired the resume database and also the URL, which is now redirected to Timesjobs.com now. The latter has been on the block for a while after the portal failed to take off in technology recruting. [...]
