+91 22 24172311
Sections
Search
Subscribe
Equity
Venture Capital
Private Equity
M&A
Private Equity | 22 November 2012    1 Comment

Nitesh Estates To Raise Funds For Residential Projects

by Sushil Surana
 
@Hemant_Kaul
@Nitesh_Estates Limited is planning to raise R400 Cr PE investment through its subsidiary – Nitesh Housing Developers for its residential projects.

The company is planning to provide exit to HDFC Asset Management Co. Ltd by the end of March by buying back its stake. HDFC AMC invested Rs.80 crore for a 11% stake in a subsidiary special purpose vehicle in 2009, as stated by Mint.

Last February, @HDFC_Property Limited sold its 50% stake in JV project - Nitesh Indiranagar Mall to JV partner Nitesh Estates Limited. In November, JP Morgan Global Fund invested $40Mn for a 45% stake in a Nitesh Estate SPV which was executing three projects totalling 4 mn sqft in Bangalore and Chennai.

Cipla To Acquire Majority Stake In Cipla Medpro

Cipla Limited is in preliminary discussions and have made an indicative proposal of acquiring approximately a 51% stake in Cipla Medpro South Africa Limited for a total consideration of $220 Mn.

Read More...

GE Energy Invests In Atria's Wind Power Projects

GE Energy Financial Services has invested an undisclosed amount picking up equity stake in three wind power projects being developed by Atria Power Corporation Limited.

Read More...
TL Home Search New Keet
CONTACT US
Info@DealCurry.com
+91 22 24172311
A 311, 3rd Floor, AntopHill Warehousing Company,
Near Dosti Acres
Wadala(E),
Mumbai 400037
   
 
CLIENTS
USEFUL LINKS
SOLUTIONS
Copyright © EagleEye Research & Media Pvt. Ltd. 2009 All Rights Reserved - Interactive multimedia analysis platform for financial markets.
Site map |Terms of Use |Privacy Policy
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.