Invest in India News

  • Angel Broking in talks over possible minority stake sale seeking about Rs 300 crore for expansion

    Reports emerged Monday that the Mumbai headquartered brokerage firm, Angel Broking said it was mulling a potential minority stake sale and had appointed an investment bank to look for potential investors. The report revealed that the broking firm is seeking about Rs 300 crore for expansion and growth of its business and is already in discussion with General Atlantic, Blackstone and Advent International.

  • Foreign Direct Investment on rise in Indian electrical companies

    According to the Indian Electricals and Electronics Manufacturers Association (IEEMA), the number of foreign direct investments targeting companies in the electrical products industry has increased in recent times. The agency revealed that major electrical products companies in the world are increasingly taking up acquisition investments in the country, with the latest being the takeover of Indo Asian Fusegear’s Switchgear division for an estimated Rs 600 crore by the giant French electrical equipment company Legrand Group.

  • Vodafone Group mulling sale of its minority stake of 4.39% in Bharti Airtel estimated value of $1.1 billion, reports

    Reports have emerged in India that Vodafone Group may be pondering a possible sale of its minority share in Bharti Airtel. Vodafone holds a minority stake of 4.39% in Bharti Airtel that is valued at an estimated $1.1 billion and might be considering offloading it, if the reports in the Indian paper, Business Standard are anything to go by.

  • 3D technologies specialist Nexxoft Infotel Ltd acquires 75% stake in Bangalore based Elsoft Technologies

    Nexxoft Infotel Ltd Thursday announced it had made an acquisition for 75% of Elsoft Technologies Pvt Ltd. The Indian, Bangalore headquartered Elsoft Technologies Pvt Ltd develops software whereas Nexxoft, begun in the year 1991, is involved in the development of interactive 3D technologies, games, RFID security and tracking services.

  • Bharti-Walmart eagerly awaits FDI policy decision, Wal-Mart looking to open over 100 stores in India

    Wal-Mart Thursday announced that it will open more than one hundred stores in India if the FDI regulations policy under discussions permits FDI in multi-brand retail. Wal-Mart, the biggest retail chain in the world, said it is mulling the establishment of as many stores in the country to tap into its large retail market, estimated to be worth $450 billion.

  • French company Legrand proposed acquisition of Indo Asian Fusegear’s switchgear division

    The French company, Legrand Group Friday announced it had proposed an offer for the acquisition of Indo Asian Switchgear division from its parent company the Indo Asian Fusegear Limited. The company said the proposal had gotten overwhelming approval from the company’s board of directors but would still have to get corporate approval.

  • Dubai headquartered private equity Evolvence Capital planning India fund at $400 million

    Evolvence Capital announced Thursday that it was planning to launch another India fund for a number of selected investments. According to the Dubai headquartered private equity company, it is planning to launch the fund named “Evolvence India Fund II” in the country and will raise the money from both institutional investors and high net worth clients globally.

  • Draper Fisher Jurvetson Launches Fund X at $350 Million

    Draper Fisher Jurvetson (DFJ) Wednesday announced the launch of its new fund, the Draper Fisher Jurvetson Fund X at about $350 million targeting global investments in various sectors. DFJ is an American company that supports entrepreneurs across the world through investment funding.

     

  • Essar Group to raise capital via IPO of joint venture stake with Vodafone, Reports

    Reports emerged Monday that Indian steel and shipping giant company owned by the Ambani brothers, Essar Group is keen on an Initial Public Offer (IPO) to fund its investments. The reports suggested that Essar Group had talks with various banks with regard to its plans as it ponders its funding options, inclusive of an IPO for its stake in its Indian joint venture with British telecommunications firm, Vodafone.

     

  • Mindlance to invest $100 Million in India in next 2 years

    Mindlance Sunday reported that it would be investing about $100 million in India in the coming two years. According to a senior management official from the company, the Bangalore based giant Information Technology (IT) Company is keen on putting an additional large amount on Indian investments, to be undertaken in the next two to three years, in addition to its acquisitions in the infrastructure and management sectors.

     

  • Perfint Healthcare Pvt Ltd raises $7.2 Million further capital for expansion

    Perfint Healthcare Pvt Ltd reported it had raised $7.2 million capital for expansion and investments in a round that was led by Northwest Venture Partners (NVP). The Chennai based medical equipment company said it had raised the amount in the second round of financing that saw existing investors in the company, Accel Partners India and IDG Ventures take part.

     

  • Tata Capital to raise equity from international and domestic Investors

    Tata Capital, Tata Group’s financial services arm Wednesday reported that it plans to raise private equity from domestic and international investors. The move will see the company raise about $1 billion in private equity fund by 2011, in its bid to expand its business and invest across four themes.

     

  • Super Religare Labs to acquire Piramal Diagnostics with 107 labs - Pharmaceuticals India

    Super Religare Labs (SRL) Tuesday announced it had successfully completed talks for the acquisition of Piramal Diagnostics. The deal will see Super Religare takeover Piramal Diagnostics’ 107 labs, with the company’s current annual revenues generation pegged at more than Rs 200 crore. The new acquisition investment comes in the wake of Piramal Healthcare’s sell of its other major business, this being the second in recent months.

     

  • LSE listed Essar Energy PLC acquires Navabharat Power Pvt Ltd in Orrisa India

    The London stock listed company, Essar Energy PLC, Tuesday announced that its Indian subsidiary, Essar Power Limited made an investment acquisition for a 100% stake in Navabharat Power Pvt Ltd. The investment will see Essar Power Ltd takeover the 2250MW producing company in Orissa.

     

  • Indian steel manufacturer, Sujana Metal Products, to invest Rs 1,000 Cr in its production

    Indian Steel manufacturing company, Sujana Metal Products, Sunday announced it plans to invest more than Rs 1,000 crore in expansion of its operations. The plans will see the company grow its capacity to 7.5 lakh tons per annum, up from its existing 3.5 lakh tons, to be effected by end of the 2010 financial year. According to a statement from senior officials in the company, it would seek investments aimed at doubling its rolling production capacity in its range of steel products.