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Private Equity | 13 February 2013

IDFC Plans To Part Exit From NSE

by Vivek Singh
 
@vivek

IDFC Limited is planning to part exit from its holding in NSE by selling around 3% stake, taking it down to 3.55% from 6.55%.

The Tata Group, Vedanta, Barclays, LIC and the State Bank Group are interested in buying NSE shares.

IDBI Capital is the lead manager for this share sale process.

Last year, IDFC sold around 6 lakhs shares cutting its stake by 1.33%.

The NSE operates a nation-wide, electronic market, offering trading in Capital Market, Derivatives and Currency Derivates segments including equities, ETFs, Retail Government Securities etc.

It accounts for nearly 74% in Equity Market and more than 98% market share in equity derivatives segment. Today NSE network Stretches to more than tan 1500 locations in the country and supports more than 2, 30,000 terminals.

Element Capital To Launch Low Cost Housing Fund

Element Capital is launching R5400 Cr ($1 Bn) fund that will invest in low-income housing fund, ET stated.

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Lodha Group Acquires Clariant's Thane Land

Lodha Developers through its subsidiary Ishwer Realty and Technologies Private Limited has acquired the 87 acre land parcel in Kolshet, Thane from Clariant Chemicals (India) Ltd paying a consideration of R1154.25 Cr. The group plans to develop residential projects on the parcel, and expects to have all permissions in place in 12 to 18 months.

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