08 Oct 07 Bharti Airtel may sell Bharti Infratel to Temasek or Warburg Pincus

Bharti Airtel moved up by about 2% today after news reports that Bharti Airtel may sell Bharti Infratel to a private equity player, hit the markets. It has been reported that Bharti Airtel is in talks with two private equity players, the government of Singapore promoted Temasek and US based Warburg Pincus. Bharti Airtel was a Warburg Pincus portfolio company. Infact, the Bharti Airtel – Warburg Pincus story has been a key catalyst in attracting a long line of global private equity (PE) investors to India since 2005, when Warburg Pincus exited Bharti Airtel making a return of over a billion dollars on the investment they made in Bharti Airtel in 2000-2001.

03 Oct 07 Indiabulls Real Estate gets private equity funding from Goldman Sachs

Indiabulls Real Estate has received a private equity funding of $200 million from the private equity arm of leading global investment bank Goldman Sachs. The private equity investment in Goldman Sachs is said to be an entity level investment. The current PE multiple commanded by Indiabulls Real Estate is about 418. As soon as reports of Indiabulls Real Estate receiving private equity funding hit the markets, Indiabulls Real Estate moved up by over 3.50%.

05 Sep 07 Emaar MGF IPO

Leading Indian real estate developer Emaar MGF is all set to tap the capital markets by means of an IPO through the book building route. Emaar MGF had raised private equity funding from JP Morgan for developing a residential project in thye NCR region. The JP Morgan funding was for US $100 million and was provided in November last year. Emaar MGF is likely to file DRHP with SEBI soon.

03 Sep 07 Ansal Properties and Infrastructure FPO

Delhi based real estate company Ansal Properties and Infrastructure is planning to come out with a follow on public offer (FPO) to fund its real projects. Ansal Properties and Infrastructure has a huge land bank of about 7500 acres and has received private equity funding from leading real estate focussed private equity funds like Noor Capital, HDFC Realty Fund, IL&FS investment managers (IIML) and Citigroup. The Ansal Properties and Infrastructure FPO issue size is likely to be around Rs. 1000 crores.

02 Sep 07 Blue River Capital buys 10.2% stake in Rane Holdings

Blue River Capital, a Mumbai based private equity firm has bought a 10.22% stake in Rane Holdings Limited which is the holding company of the Rane group. Rane group is a leading Chennai based manufacturing group operating in the auto ancilliary space. Blue River Capital invested $4.7 million in Rane Holdings Limited for the 10.22% stake. Blue River Capital has bought the shares of Rane Holdings from the promoters of Rane Holdings at a price of Rs. 192 per share of face value of Rs. 10 each. This is a significant premium to the current market price of Rane Holdings which closed at around Rs. 155 on friday.

29 Aug 07 Nagarjuna Construction raises Private Equity funds from Blackstone

Nagarjuna Constructions has informed the stock exchanges that the board of Nagarjuna Construction has approved raising funds from leading private equity player Blackstone Group. Blackstone Group is the largest private equity group. Nagarjuna Construction will dilute 14.5% stake to raise Rs. 615 crores from the Rs 615 Blackstone Group. With a 14.5% stake, Blackstone will get representation on the board of Nagarjuna Construction.

07 Aug 07 Private Equity (PE) investments in India : PWC Report

With the Indian Economy growing at a rapid pace and with capital markets witnessing a prolonged bull run, there is a lot of activity taking place in the Private Equity Industry in India. According to PWC, private equity investments have crossed the $2 billion mark in July alone and is likely to cross the $15 billion mark by the end of this year. So far there have been 200 deals in the first half of this year alone, which are cummulatively worth over six billion US dollars. This is much higher than other markets. With Indian corporates delivering excellent results every quarter, the activity in this space can only increase from here on.