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TV18 exits India JV with Jobstreet.com

As part of its strategy to exit from bad businesses, TV18 is selling its entire 50 per cent stake in Jobstreet.com India. The joint venture made no progress and TV18 has taken a hit of Rs 25 million in the entire exercise, a source in the company says. The shares have been sold back to the partner, Jobstreet.com Singapore. Floated in late 2006, the joint venture company was to tap into the rapidly growing job portal space in India and provide consolidated value to Web18, the internet and mobile arm of TV18. The market cap of Info Edge, the holding company of naukri.com, is Rs 25.09 billion. Though Info Edge has other smaller properties like www.jeevansathi.com, www.99acres.com, www.quadranglesearch.com and www.shiksha.com, it definitely provides an indicative valuation of a successful job portal in India.

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Siesta plans global buys, eyes $20-m PE funding

Bangalore-based diversified business conglomerate Siesta Group is slated to raise $20 million through the private equity (PE) route to acquire three logistics trading firms in three Asian countries. Post acquisition, how to get prescription drugs without a prescription Ravi Naware, ex-divisional chief executive of ITC’s food business, will head the company’s logistics division.

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PEs stay invested in IT firms despite public offers

After real estate, private equity (PE) and venture capital (VC) players are holding on to their investments in information technology (IT) companies coming up with initial public offers (IPOs). Traditionally, PE and VC firms look at IPOs as their main exit option. For instance, Pune-based Persistent Systems has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). It will soon hit the market to raise Rs 150-200 crore. Investors such as Intel Capital, Norwest Venture Partners (NVP), Gabriel buy drugs online no prescription Venture Partners and Hewlett-Packard (HP) together hold over 20 per cent in the company. While Intel and HP invested in 2000, Promod Haque of NVP and Gabriel Venture Partners invested in 2005. HP’s and a part of Intel’s investment have a one-year lock-in, but NVP and Gabriel Ventures have continued to stay with the company.

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Fortis buys 24% in singapore healthcare giant

Malvinder to be Parkway chairman; acquisition will form Asia’s largest hospital chain. Fortis Healthcare today announced the largest overseas acquisition by an Indian company in the healthcare space, buying the entire 23.9 per cent stake held Buy Viagra Online by TPG Capital in Singapore’s Parkway Holding Ltd for $686 million cheap adipex without a prescription (Rs 3,119 crore). Fortis is India’s second-largest healthcare provider after Apollo Hospitals and Parkway is Asia’s biggest hospital operator by sales. The acquisition would form Asia’s largest hospital chain with over 10,000 beds across 64 hospitals in six countries

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Fortis buys 24% in singapore healthcare giant

eYantra Ind raises $7.8 mn PE fund

eYantra Industries Limited, a Hyderabad-based corporate gifts and brand merchandising company, has raised $7.8 million (approximately Rs 35.4 crore) in a second round of PE funding led by Argonaut Private Equity. This Series B funding also saw Chennai-based Ventureeast Proactive maintaining its pro-rata investment, which was $2.1 million (Rs 9.5 crore) in March 2008 and $1 million (Rs 4.54 crore) in September 2008, into eYantra. “We plan to utilise 40 per cent of the Series B funding to seal three acquisition deals, which will broadbase our presence in the corporate merchandising sector, besides enabling us to diversify into online product customisation and basic office supplies space. The remaining fund would be used to equip our 1.1-million T-shirts capacity per year facility with technologies laser-embossing and 3D sublimation by May this year,” eYantra Industries managing director Phani N Raj, told Business Standard.

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Top Chinese Casinos: Macau and Hong Kong Gambling Scene

© xiquinhosilva Gambling in Macau has been around cheap Propecia probably since the invention of the chop sticks, but it became legal under the Portuguese in the 1850. Portugal promoted it as the “Monte Carlo of the Orient.” Most people don't know that only Chinese prescription drugs without a prescription games were played until the 20th Century.

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Top Chinese Casinos: Macau and Hong Kong Gambling Scene

Singapore fund invests in Janalakshmi Fin Services

Janalakshmi Financial Services, a Bangalore-based NBFC Microfinance Institution (MFI) promoted by Ramesh Ramanathan, has announced the closure of its Series B funding of $10 million. This round was led by Treeline Asia Master Fund (Singapore), a hedge fund based out of Hong Kong and Singapore. Bellwether Microfinance Fund, an existing investor in the company, also participated in this round. Narayan Ramachandran, Buy Propecia Online who recently relinquished his position as country head of Morgan Stanley India, also invested in Janalakshmi in this round buy prescription drugs in his personal capacity and has recently joined Janalakshmi’s board.

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Singapore fund invests in Janalakshmi Fin Services

IL&FS arm buys 10% stake in Mobile Store

IL&FS Investment Managers, a private equity arm of IL&FS Ltd, has acquired a 10% stake in The Mobile Store, an Essar group firm, for Rs100 crore, a senior executive from the retail chain said. The stake sale values Mobile Store, a mobile handsets and accessories retail chain, at Rs1,000 crore, added this person who did not want to be identified. A spokesperson for the Essar group confirmed the transaction but declined to elaborate any further.

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Mayfield India Fund and SIDBIVenture invest Rs 50 crore in Fourcee Infrastructure Equipment Pvt. Ltd

Mayfield India Fund and SIDBIVenture today announced a new investment in Fourcee Infrastructure Equipment Pvt. Ltd. (Fourcee). Under the terms of the investment, Mayfield India Fund and SIDBIVenture will invest Rs.50 crore in Fourcee to expand their tank terminals, add more uniquely designed containers and grow their infrastructure. This new investment reflects Mayfield India Fund’s investment theme of adding value to growth stage companies in the consumer and infrastructure segment. The alliance comes at a time when the industry has shown consistent growth, even in these challenging economic times. Currently, Fourcee is the only company focused on providing end to end logistics solution for liquid cargo through road and railways using its own specialized designed containers. Mayfield India’s and SIDBIVenture’s investment provides Buy Generic Cialis Online an exciting opportunity for Fourcee to expand its footprint and offer unique logistic solutions in India

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India sees PE exits worth USD 757 mn in 2 months

Private equity (PE) players in India have offloaded stakes worth USD 757 million in the first two months of this year driven by a significant recovery in the stock markets and hopes of continuation of this trend, believe experts. According to VCCEdge, the financial research platform of VCCircle, January 2010 saw 13 exits worth USD 282 million, while February witnessed as many as 10 worth USD 475 million. “PE funds are under pressure to make some exits before they set out to raise new funds. They will continue to use every opportunity available to exit as Cialis Online long as they see a good return,”

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PE firms raise exposure to India`s logistics sector

Private equity investments in India’s logistics Buy Propecia Online Without Prescription services sector are set to rise as it gears up to improve transportation – with costs among the most prohibitive in the world – and boost related infrastructure bottlenecks. The last four years have seen considerable growth in mergers and acquisitions (M&A) in logistics, ports, warehouses and container freight stations while Free Trade Warehousing Zones (FTWZ), freight stations, cold chains and captive spin-offs such as auto and retail logistics are seen as attractive targets now. While analysts expect logistics to be among the top five sectors for PE investments in India in the near term, deal sizes will likely be around $20-$25 million, which is where most planned PE ticket sizes converge.

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PE Generic Cialis firms raise exposure to India`s logistics sector

Siva Group buys 50% stake in Norwegian glacial water company

Indian diversified conglomerate Siva Group on Wednesday said that it has bought a 50% stake in the Norway-based glacial water company Isklar for around $22 million, through its wholly-owned subsidiary Lotus Venture. “This present acquisition reinforces the vision of Siva Group and we will look forward Cialis to expand operations of the brand in other international markets,” Siva Group chief executive Vaidyanathan Srinivasan told PTI. He said that Isklar was established as a joint venture between Sabco, a Middle East-based water bottler and Norwegian firm Jova Holdings.

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Shanghai Life and How to Print Flyers Cheap

© madtpt Life in Shanghai is what you make it. Most big cities are like that. If you let it, a job in most cities will eat your life. If you can set clear boundaries between what's professional and what's personal you can maintain the balance in your life – do a job well and still have time for some sort of private existence. Sometimes your professional life and personal life do manage to overlap, though. And that can be okay. I recently needed …

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Shanghai Life and How to Print Flyers Cheap
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INM offloads India media company shares worth €42m

Independent News & Media has sold 23.5 million ordinary shares in Jagran Prakashan Limited (“JPL”) on the Bombay and National Stock Exchanges in India. This sale represents approximately 7.8% of the issued share capital of JPL and reduces INM’s holding in JPL to 5.7% (previously 13.5%). INM said this evening that the proceeds from this share sale were buy generic drugs approximately €42m, which will be used to pay down bank debt.

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INM offloads India media company shares worth €42m
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India’s third best choice for PE companies

India is ranked among the top three investment destinations for private equity (PE) firms in the world, as per a report by consulting firm Bain & Company. The US, one of the worst affected by the global financial crisis, leads the table as the top investment location for PE funds followed by China, the report said

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Aditya Birla PE arm to close Fund I at Rs 800 crore soon

Aditya Birla Capital Advisors, the private equity (PE) arm of the Aditya Birla Financial Services Group, will close Fund I, its first fund, this month raising about Rs 800 crore. It had earlier announced its first closure at Rs 675 crore by January. The firm had invested Rs 50 crore last month in Anupam Industries Ltd, a Gujarat-based makers of material handling equipment. Aditya Birla Capital is the first PE arm of an Indian corporate group to close the debut fund successfully. Tata Group and Reliance ADA Group, are in the process of raising their debut PE funds. Tata Capital expects to close the fund-raising for its $350-400 million PE fund in the next six months. Reliance Equity Advisors, the PE arm of Reliance ADAG, was expected to close medicine without prescription ls.com/”>prescription drugs without prescription its first Rs 1,500-crore fund last year.

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Aditya Birla PE arm to close Fund I at Rs 800 crore soon

Twittering from the Grand Wall (Thanks to Dell Coupons)

© BenBenW It's easy in the investment world to think of China as one big business opportunity. But if you diet pills online actually get to go to China, remember to budget a little time for seeing the place. Because China is much more than a business opportun online pharmacy ity. It is a cradle of civilization filled with wonders, both natural and manmade. A friend of mine was able to spend a couple of days touring China as part of a small delegation of business people from his state

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Twittering from the Grand Wall (Thanks to Dell Coupons)

Few takers for new IPL teams

IPL effort to sell two new IPL teams in an auction with a base price of $225 million (about £148 million) fell embarrassingly flat. “The bids that were received were returned without being opened,” Modi said. He added little else in the way of explanation — an omission that will increase suspicions that the IPL has fallen short of the money-spinning bonanza its creator had promised investors. Enthusiasm is likely to have been tempered by the knowledge that a side phentermine without prescription bought in excess of $225 million is unlikely to make a profit soon. The other indicator of the IPL’s growing value came a month earlier, when the Royals sold a 12 per cent stake for about $15.4 million. The deal valued the franchise at a shade less than $130 million, nearly double the amount paid a year earlier to acquire it. The portion of TV revenues to be distributed among the teams is due to fall to 70 per cent this year, from 80 per cent — the Board of Control for Cricket in India (BCCI), the owner of the IPL, will keep the rest — and in 2011, it will be 60 per cent. Under such a scenario it appears unlikely that any franchise sold in excess of $225 million would turn a profit in the near future and with each franchise licensed for a mere ten years, time i drugstore s of the essence.

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Few takers for new IPL teams

Axis Bank moves to spin off PE arm

Private sector Axis Bank had initiated talks with investors to spin off its private equity (PE) business as a separate entity, the lender said on Monday. The move was part of the lender’s restructuring plan, said a senior official of the bank. The lender’s PE venture, Axis Private Equity, has a fund size of $150 million. Shikha Sharma, managing director and chief executive officer of Axis Bank, on the sidelines of the MMA Women Managers’ Convention 2010 held at Chennai on Monday, said, “We have initiated a dialogue with our investors and the process would take a few weeks and this would be part of our restructuring plan.” She refused to give a time frame buying drugs online without prescription for the plan. “ where can i buy prescription drugs without a prescription We will first get investors’ approval and then decide,” she said.

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Axis Bank moves to spin off PE arm

Zee set to buy 9X in novel deal

Zee Entertainment Enterprises Ltd (ZEEL), India’s largest media company, is set to acquire 9X, the Hindi general entertainment channel belonging to buy prescription drugs online without prescription /getrxpills.com/buy/men_s_health/cialis.html”>Cialis Online Without Prescription the loss-making INX Media Pvt Ltd. The deal is expected to cost Zee about Rs 65 crore, sources familiar with the development said. Zee is understood to have walked the road with the INX management, currently being steered by media veteran Pradeep Guha — a former CEO of the Zee group who assumed INX’s chief executive position recently — over the past three-four months. Guha, who also has a small equity position in INX Media, was entrusted with the recast plan by INX’s private equity investors Temasek Holdings, New Silk Route, New Vernon Private Equity Fund and Kotak Private Equity.The decision to exit 9X seems to be an outcome of this recast plan as the channel wasn’t able to hold its own in an arena of white-hot competition

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Zee set to buy 9X in novel deal

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