Venture Finance Venture Finance

“Tata Power, today announced the signing of a share purchase agreement with BP Alternative Energy Holdings to purchase their 51% Equity and Preference shares in the Joint Venture- Tata BP Solar (the “Company”). On completion of transaction, Tata Power will own 100% of the company, “the company said in a statement. Approval as required from the Reserve Bank of India ... Read More »

NR Narayana Murthy’s venture capital arm Catamaran is looking to exit SKS Microfinance, reports CNBC-TV18. Cataramaran holds 1.3% in SKS while the lock-in period will expire in January 2012. Read More »

With an extensive experience in the computer hardware and components market in India and overseas Amit Patni, Chairman, Nirvana Venture Advisors, is focusing on internet platform. Amit not only implemented Greenfield project in Pune but also helped his family business in setting up assembly line in Dubai. He talks to Vishal Saxena on his fund and future of seed capital ... Read More »

Singapore’s Changi Airports is likely to buy a 26% stake in GVKs airports business,forming a crucial partnership. Changi Airports International,a wholly-owned subsidiary of Changi Airport Group,is likely to pay GVK Airport Holdings Private Limited.2,000-2,200 crore for the 26% stake,valuing the Hyderabad-based companys airport assets at.8,000 crore as reported by the ET. Read More »

Kotak Realty Fund is investing Rs 170 crore in NCR-based developer BPTP’s residential township project Astaire Gardens in Sector-70A of Gurgaon. While the township project is spread over 102.2 acres, Kotak is taking over 50% stake in a 70-acre part of the project where BPTP is selling plots and villas.  According to ET Kotak is investing in the project through its foreign fund ... Read More »

Actis, a private equity investor, today announced an investment of US$71 million (INR 3,725m) in Endurance Technologies Limited (“Endurance”). The Endurance group, an Indian auto component manufacturer, consists of Endurance Technologies and its subsidiaries HTTS (India), Amann Druckguss (Germany), Endurance Fondalmec (Italy) and a joint venture with Magnetti Marrelli in India. Endurance manufactures aluminium die castings, suspensions, transmissions and brakes ... Read More »

State-run Oil and Natural Gas Corp (ONGC) on Wednesday said it will buy 10% stake of Cairn India in a gas discovery block that sits next to Reliance Industries prolific KG-D 6 area in the Bay of Bengal.That (buying Cairn Indias 10% stake in Block KG-DWN-98 /2) has been agreed in our last board meeting, ONGC Chairman and Managing Director ... Read More »

Biochem Pharmaceuticals has been acquired by Ahmedabad-based pharma company Zydus Cadila for an undisclosed amount.The acquisition will strengthen Zydus’ operations in the Indian pharma market. Speaking on the latest acquisition, Zydus Cadila’s Chairman and Managing Director, Mr. Pankaj R. Patel said, “The Formulations Business in India has always been the bulwark of our operations and we have looked at every ... Read More »

As part of its corporate restructuring programme, Shriram Transport Finance Ltd’s board on Tuesday approved the merger of its parent Shriram Holdings Madras Pvt. Ltd (SHML) with the publicly-traded commercial vehicles lender. The amalgamation is “subject to the approval of Madras High Court, and consents and sanctions of other regulatory authorities, shareholders, bankers, creditors and such other parties as may ... Read More »

While having a night walk, I saw or rather observed two corporate executives, at a paan shop, discussing their problems and work pressure. The paan wala was busy making paans and giving products with statutory warnings on them to his customers, mainly below 18 years of age. Some people seem to be lost while burning their stress in smoke and ... Read More »