Information, communication and technology (ICT) solutions provider Tech Mahindra is holding a board meeting on Friday to consider a merger with engineering firm Mahindra Engineering Services.
India
Apax Partners, Carlyle Group, Baring Asia vies to takeover India's SourceHOV
Various private equity firms from the UK, US and Hong Kong are reportedly among those who placed initial bids to takeover Indian business process outsourcing company SourceHOV. Initial bids have valued the BPO firm at USD1 billion.
Facebook in talks for first product firm acquisition in India
Social media giant is in talks for its first acquisition of a product firm in India, Bangalore-based performance analysis and monitoring tools startup Little Eye Labs.
Private equity firms eyes Indian startups in IT, foreign investment by Indian firms lagging - report
A major trend reversal was observed in private equity investing and foreign investing by local firms in India. Venture Intelligence's recent data noted that investment by private equity and strategic investors in Indian assets surpassed amount spent by local firms to invest abroad.
Agarwal disappointed about his USD8 billion investment in aluminum
In an interview with Bloomberg TV India, billionaire Anil Agarwal expressed his disappointment about the outcome of his INR500 billion or USD8 billion investment in his aluminum business, and even commented that doing business in India is more difficult than elsewhere.
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Fullerton, an investment fund run by Singaporean sovereign wealth fund Temasek Holdings, has acquired 5 million shares in Bollywood film distributor Eros International at USD11 apiece.
A report by Vivek Singla of The Economic Times compared the Indian private equity industry to a valiant warrior who is able to penetrate an enemy's circle of defense, but failed because he had no exit plan.
Mumbai-based realty major Lodha Group has bought a 0.67-acre property near the Buckingham Palace in London for over INR3,120 crore. The property will be converted into super-luxury residential flats.
A report from The Economic Times said mid-sized technology companies in India are hiring experienced executives from larger peers to gain management expertise and skills.
Indian private equity firm Milestone Capital Advisors Ltd. is planning to raise an INR500 crore real estate fund with a greenshoe option of additional INR250 crore. The firm expects to launch its eighth fund early next year.
Canada Pension Plan Investment Board and Shapoorji Pallonji Group today announced the formation of a strategic alliance to acquire FDI-compliant, stabilized office buildings in the major metropolitan areas of India.
American private equity firm KKR & Co LP reportedly agreed to commit USD200 million in Indian injectables manufacturing company Gland Pharma. The deal could put the company's valuation around USD600 million to USD650 million.
Private equity firms who had been in talks with Bikaji Foods International were Norwest Venture Partners, Sequoia Capital, Lighthouse Capital and Tano Capital, three unnamed sources told The Economic Times.
India's finance ministry is resisting pressure from other departments to cap foreign ownership of domestic drugmakers, fearing such a move would discourage potential investors, a senior ministry source said.
