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...

Peepul Capital may invest Rs 500-1,000 cr in Deccan Chronicle

Business Standard 13 September 2012 Peepul Capital LLC, a Hyderabad-based private equity fund, is likely to invest Rs 500-Rs 1,000 crore in debt-ridden Deccan Chronicle Holdings Limited (DCHL), which publishes English newspapers Deccan Chronicle, Financial Chronicle...

Russia’s Mechel may sell Siberian deposit stake-sources

Reuters 14 September 2012 Russia’s New-York-listed steel and coal miner Mechel is looking to sell a 25 percent stake in its East Siberian Elga coal deposit to South-East Asian investors, two sources familiar with the discussions said on Friday. Mechel bought...

Sistema to Strike $3Bln Deal

Moscow Times 17 September 2012 AFK Sistema will acquire a controlling stake in Indian mobile operator Aircel Communications for around $3 billion, the Economic Times reported, citing two persons familiar with the deal. Currently, Malaysia’s Maxis Communications...

Temasek Holdings eyes Actis’ stake in Nilgiris Dairy Farm

Business Standard 6 September 2012 Sovereign fund Temasek Holdings is in talks with Actis to acquire the latter’s stake in Bangalore-based retail chain Nilgiris Dairy Farm. Sources in the know, however, say a dispute between Actis and the promoters of Nilgiris is...