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Indian energy major Reliance Industries is in talks with Texas-based Quicksilver Resources , including for a possible buyout of the U.S. firm that develops shale gas and coal-bed methane, the Daily News & Analysis reported on Monday. The talks also include buying a part stake or partnering Quicksilver for one of its major projects called the Horn River Basin assets in British Columbia, the newspaper said, citing unidentified sources familiar with the development.

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Reliance in Talks to Buy Stake in Quicksilver

At a time when global markets such as the US and Europe are still crawling out of economic slowdown, private equity (PE) investments in India are expected to gain momentum and hit the previous peak of 2007. Venture capital (VC) and PE fund flows in the country are expected to rebound to $17 billion for the calendar year 2010, according to a survey by consulting firm Bain & Company. Of this, a little less than half has already been invested in the first half of the year and the remaining $8-9 billion is expected to be infused by December. “Action is heating up in the PE space and a host of limited partners from the global markets, especially the US, are now looking at India as an investment destination,” said Sri Rajan, partner and head of the PE practice in India at Bain & Company. Key sectors that are likely to witness significant action over the next few months in the country include infrastructure, energy and healthcare, he said.

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PE investments likely to top $17bn in 2010: Survey

Takeovers are set to get costlier with a Sebi panel favouring making it mandatory for the acquirer to make an offer for up to 100 per cent stake in any listed company. As of now, an open offer for a minimum of 20 per cent in the target company is required to be made by any entity that has purchased 15 per cent equity, either from the promoters or from the open market. The Securities and Exchange Board of India has set up a Takeover Regulatory Advisory Committee, with former Securities Appellate Tribunal presiding officer C Achuthan as chairman. The Committee, which prepared the report in consultation with the various stakeholders, is believed to have recommended making suitable changes in the existing takeover regulations.

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Takeovers: Sebi panel wants 100% open offer

Nikhil Gandhi-controlled SKIL Infrastructure, the promoter of Pipavav Shipyard, is likely to acquire a majority stake in Chennai-based Everonn Education to enter the country’s fledging education industry. The board of Everonn, which sells information and communication technology (ICT) products to government and private schools, will meet on Monday to approve the sale of redeemable optionally convertible debentures to SKIL, said a person close to the matter

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SKIL Infra looks to acquire majority stake in Everonn

Leading foreign funds Morgan Stanley, Fidelity and billionaire investor George Soros’ hedge fund Quantum (M) have picked up stakes in Infrastructure Development Finance Company (IDFC) through a qualified institutional placement (QIP). The three global investors together bought four crore shares, roughly 26% of the 15.8 crore-share placement, for Rs 680 crore, according to disclosures filed with the National Stock Exchange (NSE)

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Foreign funds pick up stakes in IDFC via QIP

With the improving domestic entrepreneurial environment and favourable investment scenario, the venture capital industry in India and other emerging markets is expected to expand in the next five years, while it may shrink in developed nations, says a survey. According to Deloitte’s 2010 Global Venture Capital Survey, the majority of venture capitalists in China, India and Brazil expect the number of venture firms to increase between now and 2015, while 62 per cent of respondents globally expect the number of venture firms to decrease during the same timeframe. The report said that 99 per cent of respondents in China expect the number of venture capital firms to increase in their country in the period under review, followed by Brazil (97 per cent) and India (85 per cent).

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VC Industry to grow in India: Deloitte

Barely weeks after the original promoters of supermarket chain Nilgiri Dairy Farm and PE firm Actis decided to resolve their differences, another dispute involving a PE firm and founder promoters has come to the fore. The original promoters of JRG Securities, the Kochi-based broking firm where Barings PE Partners (BPEP) India has a 49.22% stake, have moved the CLB seeking to stop the proposed rights issue. Retail chain Subhiksha had serious differences with its investors including Azim Premji-owned Zash Investments after it ran into trouble, or vice versa

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Promoters, PE funds fight it out at CLB

Inmobi, a mobile advertising network company, on Tuesday raised $8 million venture capital funding from global investors Kleiner Perkins Caufield & Byers and Sherpalo Ventures. The firms had earlier also invested in the Bangalore-based start-up, which now has a total $15.6 million in venture capital funding. The company is expected to use these funds to accelerate growth in markets such as the USA, Europe and Japan, as well as to double its engineering staff. India-based start-ups are emerging as front-runners in the global digital advertising industry. “These cross-border digital advertising firms from India are focusing on developed markets and are using India as a lower-cost back-end for their technology operations,” said Arun Natarajan, CEO, Venture Intelligence

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InMobi gets $8 mn from 2 global cos

Tata Capital, a subsidiary of Tata Sons, is planning to raise $1 billion for its private equity business by December 2011, said Praveen P Kadle, managing director and chief executive officer said on Wednesday. The company has already closed the first tranche worth $200 million on the domestic side.

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Tata Capital to raise $1 billion for PE biz by December 2011

Digital media network company Komli Media raised $6 million of venture capital funding from existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson. “The funding will be used to accelerate the company’s overall growth, including its expansion across Asia Pacific. The team at Komli Media has been focused on developing technology to help the online advertising ecosystem and this core investment in its platform is driving rapid progress in its mission to be a leader in Asia Pacific’s markets,” said Ashish Gupta of Helion Advisors, which was lead investor in the current round of funding. In June, the Mumbai-based start-up had acquired Australian website representation firm Post Click to extend its reach in the region.

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VC funds infuse $6 mn into Komli

Private equity (PE) firm CX Partners is close to buying 20% stake in electrical products company NTL Electronics India for around Rs 120 crore, said two persons familiar with the matter. Promoted by Arun and Praveen Gupta, NTL Electronics manufactures electronic ballasts used to make energy-efficient CFLs. The Noida-based privately held firm supplies to companies such as Osram, Philips, Surya Roshni, Crompton Greaves among others. When contacted CX Partners’ chief Ajay Relan declined to comment on the development.

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CX Partners may buy 20% in NTL Electronics

We recently talked about the fact that game company Zygna had moved into China. So it seems appropriate to comment on reports that Chinese game giant Shanda is facing a drop in investor enthusiasm. Xiaofan Zhang wrote back in April about problems with investor sentiment in China's gaming industry. He attributed the mood among investors to a slowdown in revenue growth, reduced profits and regulatory uncertainty in the online games industry in China (with the Ministry of Culture raising questions about some business …

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Shanda’s Investors Are Gloomy

Jon Staenberg is a Managing Partner at Staenberg Ventures and Rustic Canyon. He has worked with venture -backed companies for 20 years in several capacities – as founder, manager and venture capitalist. He has a contagious energy. The other thing you’ll hear in this interview is how he surrounds himself with innovators. Brought to you by: Southern California Tech Central

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The Contagious Energy Of The Man Who Invested In Evite, Stubhub & Other Pioneers – with Jon Staenberg

In the first five months of this year, there were about 15 deals worth $537 million as against $642 million in the whole of last year. Pipe Investments were in decline over the past two years after it peaked out in 2008 when a record $3.3 billion worth of deals were reported. Several top PEs like Blackstone, Bain Capital, Templeton, New Silk Route, IFC and Apollo Asia are among the players that made PIPE investments this year

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PE boom in public equity no more a PIPE dream

The Carlyle Group, a global alternative asset manager with $88.6 billion of assets under management, has invested $22 million (approximately Rs 102 crore) in Andhra Pradesh-based dairy company Tirumala Milk Products Private Limited. The funds will be used for expanding its procurement network, processing capacity, entry into new markets and for the manufacture of new value-added products.

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Carlyle invests Rs 102 cr in Tirumala Milk

The existing private equity partners of Apollo Hospitals, such as Apax Partners, Bisikan Bayu Investments (Mauritius), an investment arm of Khazanah, and Clsa (Mauritius), are likely to pick up stakes in Apollo Pharmacy, the retail pharmacy business of Apollo Hospitals, as the parent is seriously looking at hiving it off into a separate entity. Similarly, Apollo Hospitals would also look for partners for its nursing training business, Apollo School of Nursing, to unlock the value of each business entity of the group, sources close to the development said. Apollo Hospitals, which has been scouting for investors over the last few years for its retail pharmacy business, is expected to get strong support from the existing PEs, as a sizeable chunk of the 1,050 stores showed encouraging Ebitda margins during the last financial year. The rest of the outlets are expected to follow suit in coming months, sources pointed out.

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Private equity partners eye stake in Apollo Hospitals’ pharma arm

controlling stake in Over-The-Counter Exchange of India (OTCEI) from some of the exchange’s existing institutional investors, according to officials close to the development. The officials said that R-ADAG put in a bid of Rs 90 crore and that there was close competition between MCX-SX and ADAG for acquiring control of the exchange.

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R-ADAG emerges preferred bidder for OTCEI stake

Rabobank is said to be planning of selling its stake in Indian private sector bank, Yes Bank. It currently has 15.9 per cent stake in it. Rabobank, which is Netherlands based, is planning for the exit strategy since it wants to open its own branch in the country. Till now, it was hoping to grab a piece of the Indian banking sector through the partnership but has since felt that it is not getting enough out of the partnership. Because of this, the 110 year old bank which is also into the business of dealing with agriculture, decided to go solo

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Yes Bank may see exit of Rabobank

© sabrina.dent I guess it was bound to happen eventually. US games developer Zygna (famous for Farmville and Mafia Wars) has acquired a Beijing-based social gaming company: XPD Media (see TechCrunch here and here, and Gamasutra). China has been fertile ground for online social gaming and MMORPGs over the last decade. And the venture capital industry has invested a lot of money into gaming in China. Zygna's move into Beijing may have been unanticipated, but it's far from surprising. Zygna has been expanding …

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Zygna Moves Into China

Indian tower and telecom infrastructure company GTL Ltd. is close to an agreement with Qualcomm Inc. of the U.S. to take an up to 26% stake in the latter’s proposed broadband wireless access services company, the Business Standard reported on its website Monday, without citing direct sources. The deal is subject to Qualcomm being awarded a pan-India license or a license in some of the 22 circles in the ongoing auction for broadband wireless access spectrum, the website said.

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GTL may take 26% stake in Qualcomm’s BWA company