Cox and Kings said Private Equity firm SSG Capital acquired the 34.42% stake held by Rohatyn Group in its subsidiary Prometheon Holdings (UK) Limited. SSG Capital Group also owns 2.72% stake in Cox & Kings Ltd. Prometheon Holdings is the Holding company of Holidaybreak, which in turn operates brands PGL, NST, EST, Travel Works and […]
Ruchi Soya Industries said global private equity player Devonshire Capital will buy 51% of the company and 100% of certain of its ‘branded packaged oils distribution business’. The money will be substantially utilized for payment to all lenders over a period of time, it said. Devonshire will pay Rs 4,000 cr for the branded packaged […]
Anil Ambani Group’s Reliance Capital Indian Renewable Energy Development Agency Limited (IREDA) will make available Rs 300 cr for lending to renewable energy and energy efficiency projects. IREDA is a Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). Reliance Commercial Finance Limited, the company subsidiary that operates […]
Bharti Airtel, India’s largest telecommunications services provider, said it sold 10.3% of its tower unit Bharti Infratel to funds advised by US private equity firm KKR and Canada Pension Plan Investment Board at Rs 325 per share. The transaction has been done at a premium of around 3% to the stock’s opening price of Rs […]
Private equity and venture capital firms are largely bullish on India in the context of big economic reforms, but are awaiting the results of the ongoing Uttar Pradesh elections to assess the level of popular support that such policies enjoy, according to a survey by VCCircle. VCCircle, which tracks private investment activity in India, said […]
Technology services provider Infosys said it made an investment of 14.92 mln Danish kroners in Danish startup UNSILO from its innovation fund. UNSILO is a Danish artificial intelligence startup founded in 2012 and focus on advanced text analysis. It uses a combination of machine-learning and natural language processing to analyze large quantities of text and […]
Technology provider Infosys said it made investment in TidalScale, a provider of software-defined server. No details about the financial aspects of the investment were made public. TidalScale’s offering, in many ways, is the opposite of virtualization. While virtualization allows you to split a single hardware-based server into several virtual servers, the software-defined server helps combined […]
Home loan and housing finance company Dewan Housing Finance Co Ltd said it issued 2.12 crore shares to promoter Wadhawan Global Capital Pvt Ltd. as part of conversion of outstanding warrants. The warrants were issued in March after taking a payment of Rs 125 crore. The remaining Rs 375 crore has been paid upon conversion. […]
The Ministry of Finance said sports infrastructure will be included under the harmonized master list of infrastructure subsectors, easing the flow of investments and incentives to the sector. The decision was taken after a series of meetings and discussions with different agencies including RBI. This inclusion would bolster investment in sports infrastructure sector which will […]
Government of India invested Rs 508 cr into Corporation Bank, raising its stake from 67.2% to 70.76%. The investment came in the form of fresh purchase of equity at a price of Rs 40.78 per share. The shares are currently trading at Rs 44.70. They rose by 3% today on the NSE. Corporation Bank is a public […]
Canada-based software company SOTI said it will invest $12 mln and add 300 jobs in India over the next two years. The majority of the new positions would be in engineering and software development roles, it said. SOTI is a provider of enterprise mobility management and Bring Your Own Device solutions. The company, which has most […]
NDTV has closed funding for a new platform that will sell healthy foods and personal care products from across the country through its subsidiary- Smartcooky Internet Limited. Smartcooky.com is based on NDTV’s current food site — food.ndtv.com which has “almost 3 million unique visitors a month.” SmartCooky Internet Limited, has raised funds at a valuation […]
The government of India will invest Rs 857 cr into Corporation Bank as part of its bank recapitalization efforts, the public sector bank said. Public sector banks, including the State Bank of India, are facing mounting NPAs or defaults as big debtors, such as corporations, refuse to, or are unable to make payments. The taxpayer […]
NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]
Cisco announced new investments in India of up to USD 20 million over the next five years into the Cisco Networking Academy, with an additional USD 40 million for the next phase of expansion in India. NETWORKING ACADEMY The Cisco Networking Academy in India is one of the largest programs for Cisco worldwide. Across 198 […]
Adani group has signed an agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India, a statement on behalf of the group said. The JV will be known as Adani Renewable Energy Park Rajasthan Ltd, will have a 50-50 equity […]
Three experienced solar professionals in India are raising funds to invest in solar projects in India. Three seasoned professionals with over three decades of industry experience, Tanya Singhal, Anil Nayar, and James Abraham have founded SolarArise, which is in the process of raising Rs 200 crore for investments in the solar industry in India. India […]
The exit by US fund Bain Capital from Indian motorcycle maker Hero MotoCorp was the biggest in the second quarter of 2014, a report by Pricewaterhouse Coopers said. Bain Capital sold Hero MotoCorp shares worth $245 mln (close to Rs 1,450 cr), making it one of the biggest private equity exits of the year, according […]
The private equity investments in India sustained their past performance for the second quarter of the year (April to June 2014). PE firms invested 2.83 billion USD across 95 deals, registering a growth of 7 percent in value over the preceeding quarter. However there was a 20 percent drop in volume in this period. In […]
