PE sector is quite abuzz in India

Updates from VCCircle home page show a smattering of PE activity to be proud of:

  1. After $100 million in Tikona digital and the debate on WIMAX vs "that other" winning Tech, GS Capital surfaced in Axis Bank, Max Insurance and now Muthoot deals
  2. Camlin in the retail lifestyle/education segments makers of scholastic instrument boxes for shool going kids and color markers etc seem to be in the right corner for maximising the premium on their purchase
  3. Everstone joins SBI and IDFC in tying up billion plus in india deals (Pan India restaurants, Percept, Centrum, Regen, Nashik Vintners) and given the MD ticket to its Real estate and leasing guys
  4. Ex Chrys Cap lead Ashish dhawan has followed his heart into Lakshmi foods, while WBCP promoters who exited the sold goods and restarted are looking a t listed ops according to media reports
  5. Meanwhile the Sardaars at SRL have also handed over their personal stakes to Fortis, free in pocket and spirit for the next deal


 

Muthoot Finance has raised about Rs 130 crore from 11 cornerstone investors.

Is Camlin Close To A Strategic Sale?

SHRIJA AGRAWAL

The scrip has spurted over the few weeks, moving from Rs 46 at the end of March, 2011 to around Rs 76-Rs 77 currently.

Everstone Undertakes Massive Organisational Rejig; Promotes 9 To MDs

SHRIJA AGRAWAL

This rejig in the team comes close to Everstone Capital raising its second fund at $550 million.

Ashish Dhawan Bags Stake In Lakshmi Energy & Foods

PALLAVI S

ChrysCapital's founder and chief has acquired 0.5 per cent stake for Rs 1.7 crore and may stock up more shares.

Fortis Board Okays 86% Stake Buy In Super Religare Labs

PALLAVI S

The Singh brothers are selling a privately held business to a listed group firm without letting off management control.


 

GMR Infra (Power) Update

Stanc old lane and ballas to invest in Jacob gmr airports

Power cap to go 5 fold from 835mw

India's 11th down to 52GW ending in 2012 after 12 in 2010-11 and even 17+ in 2011-12

Intergen sold for 1.1 billion plus earned 75 m in dividends said to have bought 300 m equity additionally since 2005 and all debt of 1 is paid