Bahrain-based Khaleeji Commercial Bank has announced its latest investment fund, Global Logistix Navi Mumbai Investment Company, with a target capital of $430 million. The fund has been established to invest in India’s first integrated logistics city project on a 400-acre site in Navi Mumbai. The initial development projects supported by this investment fund will include [...]
When the real estate market is going through a down cycle, India’s second largest property developer, Unitech Ltd, has raised a $300 million fund from international markets to invest in its various real estate projects - mainly residential. A Business Standard report said that this is only half of what the fund - named Unitech [...]
Hotmail founder Sabeer Bhatia has landed a major investment for his Nanocity project in Panchkula, near Chandigarh in Haryana, which is about 200 kms away from India’s capital. Delhi-based builder Parsvnath Developers Ltd will pick up 38 per cent stake in Nanocity Haryana Infrastructure Ltd, which is developing a 11,000 acre-knolwedge city which will be [...]
KP Singh (pictured), the chairman of the country’s biggest real estate developer DLF, is trying to do an Anil Ambani (remember Reliance Power?) for its shareholders. The firm, which went public last year and is currently trading at one third of its January highs of Rs 1,225 (before markets crashed) and about 20 per cent [...]
Delhi-based Landmark Land Holdings Pvt. Ltd. has ventured into south India’s real estate market. The investment arm of the Dalmia group has picked up a 25 per cent stake in a special purpose vehicle floated by Prime Textiles, a vertically integrated textile manufacturing company based out of Tirupur. The SPV will develop 20 acres of [...]
Private equity arm of Aditya Birla Group, Naman Investments, has picked up a 25 per cent stake in Delh-based retail chain V Mart Retail. The Economic Times reported that the investment would be around Rs 60-70 crore, which would value the company at somewhere around Rs 250 crore. V Mart had started its operations in [...]
Delhi-based real estate firm Business Park Town Planners’ Limited (BPTP), which came into limelight by bagging country’s largest land deal in Noida, has sold 4 per cent stake to J P Morgan Chase for Rs 250 crore. The investment would be made through preferential equity route and funds would be used to pay the first [...]
Gaurav Dalmia is no stranger to the Indian investment community. Dalmia can probably claim to be the first and only member of a traditional business family (he is part of the Delhi’s Dalmia family) to launch a venture capital fund (Infinity Technology Investments), sponsor a private equity fund (India Value Fund) and launch a real [...]
ICICI Venture has fully exited its TSI Venture India Pvt Ltd, a real estate investment company it formed with the US real estate developer Tishman Speyer, reports Reuters. ICICI Venture will sell its 50 percent stake in the company to its partner Tishman Speyer, thereby making it the sole owner. TSI Ventures was a 50:50 [...]
Axis Bank (formerly UTI Bank) has invested Rs 250 crore ($59 million) in Lavasa Corporation, a real estate subsidiary of Hindustan Construction Company (HCC). The bank will get in return about 2.5 per cent stake in the form of convertible preference shares and convertible debentures. The deal pegs the valuation of Lavasa at Rs 10,000 [...]
CDC Group, the UK government-backed emerging markets fund of funds investor, will invest $250 million (£126 million) in three India focused infrastructure and real estate focused funds. CDC will invest $100 million each in IDFC India Infrastructure Fund and the Actis India Real Estate Fund, while Kotak India Realty Fund will get $50 million. These [...]
Indian media company Network18 wants to straddle the entire value chain of the entertainment business. The company, which owns the flagship news businesses like CNBC TV18 and CNN IBN, is now entering the film exhibition business with its first multiplex slated to open in Delhi on June 27, reports Mint. The Network18 group is already [...]
Delhi-based Landmark Land Holdings Pvt. Ltd. has ventured into Pune real estate market. The investment arm of the Dalmia group has picked up a 10 per cent stake in a special purpose vehicle floated by Kumar Builders, a leading developer of Pune, that will develop an 124-acre integrated township and SEZ project at Hinjewadi in [...]
US based Prudential Real Estate Investors (PREI) has announced a joint venture with Beekman Helix India Partners LLC (BHI) to invest in Indian real estate sector. The joint venture - titled Pramerica BHI India - will headquartered in Gurgaon near New Delhi. The fund will invest in middle-income residential development projects and office parks on [...]
Lehman Brothers Real Estate Partners is negotiating to invest a further $525 million in three Unitech real estate projects in Mumbai. The $4-billion global private equity fund managed by Lehman Brothers had on Monday announced $175-million deal in Unitech’s Santacruz project (Western Expressway JV) in Mumbai. The Economic Times reported, quoting sources, that Lehman could [...]
