Anonymous sources
VC Circle
Parag Milk looking to raise $28M; To close deal in a month - VC Circle
... is in talks with mid-market private equity investors to raise Rs 150 crore ($28.3 million), after its initial round of discussions with top global PE firms fell apart due to valuation disconnect, sources close to the negotiations have said.
Phoenix Mills Looking To Raise Up To $187M - VC Circle
Two analysts actively tracking the public listed company, who did not wish to be identified, said the company's city assets are maturing and it makes sense to increase its stake in those projects. “In most cases they hold anywhere between 35 to 70 per ...
Anand Rathi & Knight Frank Eye $100M In Second Realty Fund - VC Circle
A senior executive of the joint venture fund house who did not wish to be identified, said, “We are waiting for final Alternate Investment Fund (AIF) guidelines as right now there is no clarity on registration of funds and other norms.
Real Estate PE Firms Locking In Deals Before Hitting Fundraising Trail - VC Circle
A senior director of a realty fund, who did not wish to be identified, said, “Raising money for realty funds have become very difficult and it becomes an incentive if you can show your investors where their money would be invested.
Shapoorji Pallonji Yet To Hit First Close Of $500M Maiden Realty Fund - VC Circle
“In fact, Shapoorji Pallonji has come back blank from outside,” said another source who did not wish to be identified. “It was supposed to close the first tranche of approximately $250 million in April-May last year but had not raised anything outside ...
Piramals, Others In Fray For DLF's Mumbai Mills Property - VC Circle
According to a senior industry executive who did not wish to be identified, “There are new bids coming for the parcel , one is a consortium of Vallabh Sheth and Pune based realtor Avinash Bhonsle and the other being from Ajay Piramal.
Bank Lending To Realty Sector Shifts From Listed To Private Developers - VC Circle
A senior real estate analyst, who did not wish to be identified, has pointed out that the 12 per cent odd growth is not something to be happy about as it does not even match the nominal GDP growth of around 15 per cent. “We need much more than this,” ...
SC Dismisses Review Plea In Vodafone Tax Case - VC Circle
The government proposed in its budget last week retrospective changes in tax rules, prompting speculations that the Vodafone tax case could be re-opened, although a senior government official said the government was not looking to raise any new tax ...
Milestone Capital Re-enters Negotiations With DHFL - VC Circle
A senior executive from DHFL, who did not wish to be identified, said, “Milestone has, once again, approached us and we have just begun our due diligence. It will take another three weeks till we come up with an appropriate figure to put forth for the ...
Indian Realty Market Ripe For Secondary PE Deals, Will It Pick Up? - VC Circle
A senior realty fund head who did not wish to be identified, said, “Year 2014 is the time when most of the funds will see an end of their life cycles. Projects where promoters have been able to demonstrate execution and register sales to some extent ...
GMR In Talks To Sell Road Assets - VC Circle
... held with a fund jointly managed by State Bank of India and Australia's Macquarie Group; UK-based 3i Group Plc; and IDFC Project Equity, a fund managed by India's Infrastructure Development Finance Co , said the sources, who declined to be named.
Core Biz In Tatters, Realtors Sell Assets To Maintain Cash Flow - VC Circle
A senior realty consultant who did not wish to be identified, says, “HDIL is looking to sell 10 million sq ft land parcel in Virar, FSI sale worth Rs 150 crore to Ekta developers. It has put its commercial part of the Metropolis project in Andheri on ...
Letsbuy.com Close To Raising Over $40M - VC Circle
Delhi-based Etree Marketing Pvt Ltd, which operates the e-commerce site Letsbuy.com, is in advanced talks to raise over $40 million (Rs 195 crore) from a group of three investors including Sequoia Capital and Matrix Partners, multiple sources close to ...
Tech wrap: New iPhone seen in time for school - VC Circle
Online video site Hulu has been approached by a potential buyer and is weighing whether to sell itself, according to a person familiar with the matter. Hulu is jointly owned by News Corp, Walt Disney, NBC Universal and Providence Equity Partners. ...
LinkedIn Soars To Bubbly Heights As The Stock Closes 109% Up - VC Circle
“We recognize that there's potentially a bubble right now,” said the employee, who spoke on condition of anonymity. Shares of LinkedIn, which rose as much as 171 percent in their first day of trade on the New York Stock Exchange, closed at $94.25, ...
Mobstac Close To Raising Funding From Accel Partners - VC Circle
Bangalore-based mobile website developer Mobile Motion (Mobstac) is on its way to closing its first round of venture capital funding from Accel Partners, according to sources close to the development. Last year, it had raised angel funding from a ...
Facebook Investor Milner To Open HK Office: Source - VC Circle
The source declined to be named because he was not authorized to talk to the media. A DST spokesman in London had no immediate comment on the matter. The move comes as investment in Internet technologies gathers pace in China. ...
Kitara Capital Investing $11M In Oil Field Instrumentation - VC Circle
When contacted, an OFIL senior official, who did not wish to be identified, confirmed the investment. An e mail sent to AJ D'sa, CEO of OFIL and Kitara MD Amitab Chakraborty remained unanswered. OFIL, under the Neterwala Group of companies, ...
Indiamart To Raise Rs 100Cr Via PE Route - VC Circle
... is on the road to raise close to Rs 100 crores or $20 million from private equity investors, sources close to the development told VCCircle. ...
CX Partners In Race To Acquire Stake In Thyrocare - VC Circle
... to mismatch in valuation expectations between the promoter and potential investors, said investment banking sources, who did not wish to be identified. ...
Gati Promoter May Shed 26% In Hydel Power Biz; To Raise Rs 250Cr - VC Circle
... possibly infrastructure private equity funds, who have started due diligence ahead of a potential transaction, said an official close to the company. ...
VF Corp, Arvind May Review JV Within A Year - VC Circle
... offer to buy out Arvind's stake at a determined price," said a source, who did not wish to be identified as details pertaining to the JV are private. ...
TPG Capital Set To Invest $100M In Shriram Properties - VC Circle
Shriram will be venturing into development of malls, as part of its entry into retail, said a source who did not wish to be identified ahead of the deal ...
Bangalore-Mysore NICE Corridor Close To A PE Milestone - VC Circle
... the possibility of a deal being agreed upon in the next two to three weeks, if talks stay on track," said one source who did not wish to be identified. ...
Care Hospitals On Fund Trail; Jhunjhunwala, Prasad May Sell Stake - VC Circle
One source, who did not wish to be identified said, early discussions were underway for a possible deal on these lines. But it was too early to discuss ...