MFI IntelleCash buys 60% stake in Arohan

MyDigitalFC 15 September 2012 In what can be seen as the first consolidation move in the Rs 20,000 crore-plus micro finance industry, IntelleCash Microfinance Network Company (P) Limited, an arm of the Intellecap group of companies, has bought 60 per cent stakes in...

ICVL to finalise overseas coal acquisition deal soon

Business Line 21 September 2012 Hyderabad: International Coal Ventures Ltd, a joint venture company floated by five cash-rich state-owned companies to buy coal assets overseas, is likely to finalise at least one deal by the end of this fiscal. C.S. Verma, Chairman of...

Jhunjhunwala ups stake in Geometric

Business Line 20 September 2012 Mumbai: Ace investor Rakesh Jhunjhunwala today purchased a 4.5 per cent stake in Godrej group firm Geometric Ltd from a foreign fund of Credit Suisse for about Rs 30 crore. With today’s purchase of 28.26 lakh shares, the cumulative...

India Plans Stake Sale in NTPC

Wall Street Journal Asia 20 September 2012 NEW DELHI — India plans to sell a 9.5% stake in state-run NTPC Ltd. to raise as much as 131 billion rupees ($2.41 billion) as part of its program to cut the fiscal deficit, even as the utility is opposed to a share sale amid...

New Player: WestBridge Advisors’ $500-million fund

Business Standard 13 September 2012 This team of general partners has been together for the past 12 years, something rarely equalled in the Indian venture capital (VC) and private equity (PE) sector. It has raised about $2 billion across six funds and, in the past...