A Bharti Group joint venture company,set up last year to invest in social media and gaming and partly managed by promoter Sunil Mittals son Kavin,has made its first acquisition in the ecommerce space.Bharti SoftBank Holdings (BSB),the JV between the Indian mobile phone firm and Japanese communications major SoftBank Corp,is picking up a 49% stake in Gurgaonbased value-added services startup Y2CF ... Read More »
Global private equity majors and large buyout funds are understood to be in advanced discussions with the promoters of Kurlon Ltd, to acquire a minority stake in the company. Kurlon Ltd is a Rs 750 crore group company of the Manipal Group has around 20 per cent market share in the Rs 4,000 crore branded mattresses business in India as ... Read More »
Ashok Leyland Finance,the NBFC arm of the Hinduja Group,is in talks to sell a small stake to private equity funds such as Temasek,Everstone Capital and AIS Capital,as reported by ET. The firms promoters,truck and bus maker Ashok Leyland and the Hinduja Group companies,want to sell 10% to raise about.100 crore for business expansion. Read More »
Infrastructure company Lanco Infratech is selling its roads business and is facing headwinds in securing the right price for its power business as bankrupt state electricity boards fail to pay up and fuel remains scarce due to monopoly coal producer Coal India’s inefficiencies as reported by ET. The roads business is estimated to be worth about Rs. 1,500 crore and is smaller than the ... Read More »
India’s L&T Infrastructure Development Projects Ltd (L&T IDPL) is in talks with private-equity investors including Temasek Holdings to raise $250 million to $300 million as reported by Reuters. L&T IDPL, a unit of India’s top engineering conglomerate Larsen and Toubro, builds roads, bridges, ports and metro rail. It is currently handling projects worth 400 billion rupees ($7.2 billion), according to ... Read More »
Conference Focus “Empowering SME India-2012” road show is a specially customized platform for SME to explore business partnerships options and ideas in domestic & international markets with opportunities to present business project presentations to panel of bankers, venture capitalist and private equity partner who will bring in all their expertise and support to help you develop potential businesses. Empowering SME India-2012 will ... Read More »
Life Insurance Corp (LIC) has offered to buy out the erstwhile Unit Trust of India’s stakes in ITC,Axis Bank and Larsen & Toubro (L&T),valued at.37,000 crore,in a move that will ease the governments fiscal burden,but fuel debate on the insurers risk and governance policies.The proposal to buy these stakes,which are in possession of the government,was made recently to finance ministry ... Read More »
Quikr, the internet and mobile based classifieds leader,announced that its parent company has attracted an investment of US$32 million led by Warburg Pincus, a leading global private equity firm focused on growth investing. Existing investors Matrix Partners India, Norwest Venture Partners and eBay Inc. also participated in this round of fund raising, which is the fifth and the largest round ... Read More »
Canada’s Fairfax Financial Holdings Ltd will buy Thomas Cook Group Plc’s 77 per cent stake in its India operations for about $150 million, as the UK holiday firm continues to pay down its debt. Property and casualty insurer Fairfax’s unit Fairbridge Capital will pay 50 rupees per share of Thomas Cook (India) Ltd for a total of 8,174 million rupees. ... Read More »
We often come across this question “How to hire best talent in an organisation” no matter how big is the company setup or how old is its existence Also, if we look at the situation which is considering a start up company which is very small, this question becomes all the more prominent, “how to hire best talent when the ... Read More »
Venture Finance Venture Finance
