In a series of developments, mobile messaging provider MSG91 has acquired ToSMS while Standard Chartered Private Equity has increased holding in Redington India. Also, Patanjali Ayurved plans to start apparel business while Venktesh Shukla is starting up his own venture capital fund. In another development, Matrimony.com is planning to go for… Read more »
By Ravindra Sonavane
Its Rs.1,160 crore initial public offer (IPO) was subscribed 43.7 times last week.
Standard Chartered has referred allegations of impropriety at an Indonesian company that the bank’s private equity arm invested in to the appropriate authorities, the bank said on Tuesday. The Wall Street Journal earlier reported the bank faced an investigation by the U.S. Department of Justice as to whether StanChart failed… Read more »
Fosun has hired Rahul Raisurana, a former managing director at Standard Chartered Private Equity’s India unit, to head the operation. Raisurana, who quit Standard Chartered in 2013, also served as director and head of credit risk management at Deutsche Bank AG’s India unit.
It will use the money for expansion of its advertising business, to catalyse the growth of virtual reality in India and also to pare down debt.
Tata Realty and Infrastructure Ltd (TRIL), a subsidiary of Tata Sons Ltd, and its new investor partner, Standard Chartered Private Equity, plan to build commercial office projects and list the assets through a real estate investment trust (REIT), said a top company executive. Under a recently inked partnership between the… Read more »
Real estate developer Tata Housing Development Company Ltd is in advanced talks to raise Rs 3,200 crore ($493.4 million) from a consortium of institutional investors for its luxury housing projects, an article in The Economic Times said citing sources. The deal is in the final stage and the company is clearing… Read more »
Coffee Day Enterprises Ltd, the holding company of the Cafe Coffee Day (CCD) chain of restaurants founded by V.G. Siddhartha, is planning to launch its initial public offering (IPO), to raise Rs.1,150 crore, before Dussehra (22 October). The proceeds of the IPO will be used to reduce debt and to… Read more »