The total number of private equity transactions so far in 2012 is 23, marginally lower when compared to same period last year.
Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
'The deal pipeline across products is robust for 2024.'
US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in the retail arm of Reliance Industries, the Indian firm said in a statement on Wednesday.
Williams and Hamilton have pledged an estimated 10 million pounds ($13.06 million) each to the bid.
The froth in the small and midcap (SMID) space is limited to a few pockets, but regulatory scrutiny could lead to sustained volatility, observe India's top-drawer wealth managers. They add that they have been advising clients to reduce their exposure to smallcaps. Anand Rathi Wealth, which manages investor wealth through mutual funds (MFs), reports that its exposure to smallcap stocks, both through MFs and directly, has decreased by nearly 7 percentage points in the past few months, now standing at 23 per cent.
...followed by financial services, IT, and sales and marketing.
Bharti Infratel plans to raise Rs 4,500 cr through its IPO.
Private equity majors interested in buyouts have started initial discussions with promoter Vijay Mallya.
The Competition Commission of India has approved the acquisition of 31.27 per cent of additional stake in Religare Enterprises by four entities of Dabur India promoter Burman family, enabling them to become majority owners in the financial services firm. The fair trade regulator allowed the four entities to acquire Religare's 5.27 per cent through stock market purchase and another 26 per cent through an open offer.
Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
Information technology, financials, industrials, consumer discretionary and utilities were the top five sectors to attract significant private equity capital during the quarter.
Sectors which attracted big-ticket investments were real estate, energy, banking and start-ups
The new partnership on the block doesn't exactly boast novices. Sunish Sharma, managing director at General Atlantic, and another PE veteranManish Kejriwalthe Indian head of the Singapore government-owned Temasek Holdings (who is also married into the super rich Bajaj family) have come together to raise an independent private equity fund.
The government and Life Insurance Corporation's (LIC's) strategic stake sale in IDBI Bank is expected to move to the second stage by the first quarter of FY24, said two people in the know. They added that considering the progress of the ongoing deal, financial bids are expected to come in by June this year. The proposed IDBI Bank stake sale is divided into two sequential stages.
Cash-strapped Lilliput, the country's largest kidswear brand, may soon get a luxury makeover.
Temasek is exiting by selling its 10 per cent stake while Network Digital Distribution Services will pare part of its 30 per cent stake.
Private equity investments during January-March stood at $3.18 billion.
The trend is expected to remain bullish in 2015, global consultancy Grant Thornton said
Till the second quarter of 2011, the food sector has attracted more than $100 million investments through PEs," according to the 'Food Franchising Report 2011' brought out by Franchise India and Ficci.
A group of 219 employees of Air India along with a private financial institution have submitted an expression of interest (EOI) for the national carrier.
Indian start-ups are disrupting the world and women-based entrepreneurship is one of the vehicles for realising a more equal society, Niti Aayog CEO Amitabh Kant said on Monday. Addressing an event organised by FICCI Ladies Organisation (FLO), Kant further said India at present has more than 61,000 start-ups and 81 unicorns. "Indian start-ups are disrupting the world especially in new emerging areas of health, nutrition and agriculture," he said.
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
The deal was inked at an enterprise value of 42.9 million euros and will be financed by the Capgemini Group's net cash, it said in a statement here. The contract was signed with conditional approval from the Italian anti-trust authorities.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
'Last year, India exported more software than Saudi Arabia exported oil.' 'Last year India got $83 billion of private equity.' '50 percent of India's FDI has come in the last five years.'
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
Corporate India's deal activity in the period between January till March this year was better than last year.
The venture capital/private equity industry needs to be encouraged as such investments create jobs and help establish companies in new sectors. There is also a strong case for incentives for investors in these funds, says Saurabh Srivastava, chairman of the Indian Venture Capital and Private Equity Association.
Private equity investments in the January-March quarter of the 2011 calendar year were about 57 per cent higher than the $ 2.1 billion worth of PE investment registered in the year ago period and more than double October-December's $1.5 billion, according to data provider Venture Intelligence.
'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Matthew M Smith, managing director, Abbott Capital, says that Indian general partners (GPs) are more willing to talk portfolios, both good and bad, in the initial meetings.
Vijay Mallya-owned Kingfisher Airlines, which plans to raise $400 million from private equity investors, may have to settle for structured finance such as sale and leaseback or securitisation of receivables, say private equity experts in Mumbai.
Global private equity majors - Standard Chartered Private Equity and London-headquartered 3i - are understood to have shown keen interest to invest in the litigation-prone Rs 4,000 crore (Rs 40 billion) Bangalore-Mysore expressway being developed by Nandi Infrastructure Corridor Enterprise Limited (NICE).
Fresh order wins for capital goods and industrial companies may have seen a major slump due to Lok Sabha polls in the first quarter of the current financial year (Q1FY25). At the same time, revenue and profit growth trajectory is expected to have stayed the course, according to brokerage firms. Elara Capital, Motilal Oswal, and InCred Equities expect this sector universe to report a 12- 21 per cent growth in revenue, 21 -36 per cent growth in Ebitda and 24-38 per cent growth in profit on a year-on-year (Y-oY) basis.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.
Reliance Retail Ventures Ltd (RRVL) is discussing a three-pronged plan that includes an additional divestment of $250-300 million this year, apart from what it has diluted in favour of the Qatar Investment Authority (QIA) and US-based private equity fund KKR recently.
