HDFC Private Equity
India logistics: Wheels within wheels
A confluence of macro influences is driving demand for modernized logistics in India. Private equity is likely to benefit in a number of areas, but informed targeting and value-add approaches will be key
PE-backed Ratnakar Bank targets IPO in 2014
Ratnakar Bank, a Kolhapur-based lender that received $157 million in private equity funding last year, plans to launch an IPO within two years. It is part of a wider transformation of Ratnakar into a nationwide operator providing end-to-end services.
Citigroup sells $1.9b stake in Carlyle-backed HDFC
Citigroup has sold its 9.85% stake in India’s largest mortgage lender Housing Development Finance Corp (HDFC) for $1.9 billion. The deal comes three weeks after The Carlyle Group sold part of its stake in the company for a 2x money multiple.
Carlyle plans to sell part of HDFC stake - sources
Carlyle Group is said to be planning to sell 20 million shares in mortgage lender Housing Development Finance Corp. (HDFC). The exit could generate significant returns from the private equity firm's five-year investment in the mortgage company.
India's LIC Housing Finance to raise $96m fund
LIC Housing Finance, the mortgage lender owned by Life Insurance Corp. of India, plans to enter the private equity market with an INR5 billion ($96.5 million) urban development fund. Half of its corpus will go toward equity and equity-related investments...
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...
HDFC courts sovereign funds for fourth property vehicle
HDFC Realty, the private equity arm of India’s Housing and Development Finance Corporation, is in talks with Government of Singapore Investment Corp. (GIC), Temasek Holdings, Abu Dhabi Investment Authority (ADIA) and Kuwait Investment Authority (KIA)...
Carlyle purchases 9% stake in India Infoline
The Carlyle Group has acquired a 9% stake in the listed unit of India Infoline Group (IIFL), a retail and institutional brokerage, on the open market.
HDFC targets $600m property fund
Housing Development Finance Corp. (HDFC), India’s largest mortgage lender, is looking to raise a $600 million fund from overseas investors. It will be the firm’s property-focused vehicle.
HDFC PE unit commits $90m to Bangalore IT park
The overseas private equity unit of Housing Development Finance Corp. (HDFC) has agreed to invest $90 million in a 200-acre information technology park being planned near Bangalore airport.
Matrix commits $9.9m to Kids Clinic India's Series A round
Matrix Partners India has committed INR450 million ($9.9 million) as the sole institutional investor in Kids Clinic India Private Limited, a Bangalore-based provider of maternity and infant care services. The immediate goal is to enlarge the company’s...
MediAngels seeks $10m private equity investment
MediAngels, an India-based online medical consultation platform, is in talks with private equity funds over a $10 million investment, The Times of India reported. “We are in deep talks with four of the biggest US-based PE funds," said Dr. Debraj Shome,...