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26.MakeMyTrip Files For $100M Nasdaq IPO (www.vccircle.com)
In one of the biggest venture capital exits, Indian online travel company MakeMyTrip Ltd has filed with U.S. capital market regulators for an IPO on Monday. The company plans to raise up to $100 million in the share sale which will be be listed in Nasd...
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27.Gaja Capital Invests Rs 125Cr In Haldia Coke (www.vccircle.com)
Haldia Coke & Chemicals Private Limited (Haldia Coke), a leading producer of metallurgical coke has raised Rs 125 crore from private equity firm Gaja Capital Partners. Haldia Coke is promoted by Shriram EPC Ltd and other associates. The firm plans to u...
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28.Dabur Buys Turkish FMCG Firm For $69M (www.vccircle.com)
Indian FMCG companies are hyperactive on cross-border M&As in search of new markets. In its first-ever overseas acquisition, FMCG player Dabur today said it has acquired Turkish personal care firm Hobi Kozmetik Group for $69 million (about Rs 324 crore...
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29.SKS IPO Price Band Pegs Valuation At $1.5B (www.vccircle.com)
The country’s largest microfinance firm SKS Microfinance is eyeing a valuation as much as $1.5 billion in its public issue that would make it among the top 25 most value financial services firms in India ahead of names such as Indian Overseas Ban...
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30.The Parkway Battle: Singh Duo Bow Out With A Profit Of $85M (www.vccircle.com)
The outcome of the takeover battle was on expected lines. Although the billionaire Singh brothers showed chutzpah in even making a counterbid to a sovereign wealth fund, they once again showed that business has to be run as a business and not on sentim...
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31.ICICI Venture In Talks With India Value Fund To Sell I-Ven Stake (www.vccircle.com)
ICICI Venture, India’s largest private equity fund, is on an exit spree from its healthcare and life science investments. ICICI Venture is likely to exit from I-Ven Medicare India Pvt. Ltd, a special funding vehicle aimed at investing in hospital...
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32.JP Morgan PE's Vibhav Panandiker May Quit (www.vccircle.com)
In another top level exit, JP Morgan's private equity arm managing director Vibhav Panandiker has quit, said sources familiar with the development.
Panandiker was appointed as an MD to look after JP Morgan's private equity investments in Southeas... -
33.Fortis Gives Up Parkway, To Pursue Other Opportunities In SE Asia (www.vccircle.com)
Fortis Healthcare, which lost out in a battle for control of Singapore healthcare firm Parkaway Holdings, said it will pursue other opportunities in Singapore and the region.
Malaysian state investor Khazanah offered S$3.95 ($2.88) per share for Parkwa... -
34.Khazanah Wins Battle for Parkway; Fortis Bows Out (www.vccircle.com)
Malaysian state investor Khazanah trumped India's Fortis Healthcare in a takeover battle for Singapore's Parkway with an offer that values Asia's biggest listed hospital operator at $3.3 billion.
Khazanah -- in its biggest acquisition overseas -- said ... -
35.News Roundup: Astro To Buy 80% In Sanjeev Kapoor's Channel (www.vccircle.com)
DLF Buying Dubai World's Stake in JV - DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. A wholly-owned arm of DLF will buy out the stake owned by Limitless Group, which is ...
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36.Hitesh Oberoi Takes Charge As CEO From Founder Sanjeev Bikhchandani (www.vccircle.com)
Info Edge’s board has elevated the firm’s COO Hitesh Oberoi to the role of managing director and CEO replacing founder Sanjeev Bikhchandani. Bikhchandani, who owns 43% stake in the firm, will remain in the company transitioning to the role ...
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37.RT Outsourcing Gets A Makeover As inTarvo Technologies (www.vccircle.com)
Sonoma Managament Partners controlled RT Outsourcing has renamed itself as inTarvo Technologies Ltd as part of a revamp initiative. The IT buyout firm, which concluded the deal two years ago, has led the revamp. Apart from Sonoma, other investors...
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38.Daiwa Names Nomura's Ajay Marwaha As India Fixed Income Head (www.vccircle.com)
Daiwa Capital Markets has appointed former Nomura executive director Ajay Marwaha as head of fixed income in India, effective June 14. Marwaha, was responsible for FICC product trading at Nomura, and was involved in the launch of primary dealer b...
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39.Launching VCCircle E-Commerce Forum 2010: Return Of The Dotcom (www.vccircle.com)
Ten years after the great dotcom crash, Indian e-commerce is standing at a crossroads. Buoyed by a growing broadband and mobile population, changing demographics, tech-savvy urban population, higher disposable incomes and rise in online transactions, i...
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40.Hyderabad's IMImobile Extends Offer For UK's WIN Plc (www.vccircle.com)
Mobile value added services (VAS) company IMImobile has extended its offer to acquire additional shares in UK-based mobile applications company WIN Plc till August 4, 2010. The earlier deadline was 21 July, which is now referred to as as the first clos...
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41.Legrand To Buy Indo Asian Fusegear Division For Rs 600Cr (www.vccircle.com)
French electrical switch company Legrand has made an offer to buy the switchgear division of Indo Asian Fusegear for a total consideration of Rs 600 crore. The Board of Directors of Indo Asian Fusegear Ltd has, on July 22, 2010, approved the sale. Am...
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42.News Roundup: Lakshmi Vilas, Shriram In Talks To Buy CitiFinancial (www.vccircle.com)
Lakshmi Vilas, Shriram In Talks To Buy CitiFinancial - Lakshmi Vilas Bank (LVB), the south-based, old private sector lender, is in talks with Citigroup to acquire Citi Financial Consumer Finance India, the struggling non-banking finance company which g...
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43.IDBI Bank Merging Home Finance Arm With Itself (www.vccircle.com)
IDBI Bank is merging its home mortgage arm with itself after scrapping a previous plan to sell the unit. A merger of the mortgage unit with the parent will rule out any immediate possibility of the state owned lender reviving plans to sell the business...
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44.Someone In The Crowd Could Fund Your Venture (www.vccircle.com)
In a push to the entrepreneurial ecosystem, Grow VC is looking to create a virtual Silicon Valley community in India using the crowd funding approach.
In many ways, crowd funding is like crowd sourcing which actually means pooling of resources, c... -
45.JAFCO Asia Invests In Consilium Software (www.vccircle.com)
Consilium Software, a Singapore headquartered firm with operations in India, has raised an undisclosed amount in series-A funding from JAFCO Asia. Consilium is a unified communications solutions company with offices in Delhi and Bangalore.
Consilium al... -
46.Kerala Retail Chain Varkeys Shops For PE Funds (www.vccircle.com)
Kerala-based Varkeys Retail Ventures has hit the private equity fundraising trail which may see it diluting a significant minority stake, said sources. The retail chain, with 59 stores across the state, could be divesting at least 25% stake to raise fu...
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47.Accor, InterGlobe Set Up Fund For Indian Hotel Investments (www.vccircle.com)
Accor and InterGlobe has set up an investment fund for a portfolio of Indian hotel assets in which an affiliate of Pacifica Partners will take a significant stake of up to 36% equity, subject to requisite regulatory approvals. Accor and InterGlobe will...
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48.BTS Plans Second SME Fund At $200M Corpus (www.vccircle.com)
BTS Investment Advisors, the Mumbai-based private equity firm focussed on small and medium enterprises (SME), is planning to raise its second sector-agnostic SME fund with a corpus of $200 million. It has started already raising its clean energy fund w...
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49.News Roundup: Dabur Closing In On Turkish Buy (www.vccircle.com)
IL&FS To Sell Stake For $400M - Infrastructure Leasing and Financial Services Ltd (IL&FS), the holding company for IL&FS group’s infrastructure investments, is close to signing a share sale agreement with investors to raise around $400 million (R...
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50.CVCI Sells 14.3% Stake In JBF For Rs 120Cr (www.vccircle.com)
Citigroup Venture Capital International (CVCI) has offloaded a 14.3% stake in polyester chips maker JBF Industries in an open market deal for Rs 120 crore. The private equity arm of Citigroup, which held a 20.92% stake as of March 2010, has exited near...
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