Lafarge India — which plans to shed a minority stake to raise Rs 1,325 crore and fund it expansion plans — is looking to complete the stake sale process by March this year.
The development highlights renewed interest of global aviation & airport development cos in India as an investment destination.
Mozambique has turned out to be a windfall for the Venugopal Dhootcontrolled Videocon, with the value of their investments multiplying exponentially within five years.
The mop-up may be linked to a premium villa project and an IT-cum-residential development on Bellary Road.
“We have a prudent business selection criteria and we are risk-conscious. We do not take undue risk to merely win business and gain market-share.”
DLF has been trying to pare its debt pile built in the heady years of the past decade to acquire large tracts of land and develop real estate.
Reliance Capital had invested Rs60-crore at the end of 2006 which has grown three times for the Anil Ambani Group.
PE firm Warburg Pincus is in talks with peers such as Carlyle, KKR and Barings India to sell its 29% stake in software outsourcing firm WNS Global.
CRH Plc and Holcim are in independent talks with the Shriram Group to purchase a controlling stake in Sree Jayajothi Cements.
The first six months were drenched in despondency followed by a resurgent second half. Deal-making in India in the backdrop of strong global headwinds remained as volatile as the rupee.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon