IL&FS Investment Managers
Pipavav Shipyard sees another PE exit
Three IL&FS divisions have exited a 7.68% stake in Pipavav Shipyard to Ovira Logistics through open market deals, marking the latest private equity exits in the Indian shipbuilder.
Axis PE’s Gupta, Knight quit captive fund
Axis Bank, India's third largest lender has made no secret of its intentions of leaving the private equity industry. Over the last year, it has entertained a management buyout offer for Axis Private Equity (which has a INR600 crore ($133 million) infrastructure...
NSR, IL&FS telco tower operators to merge
Private equity firm New Silk Route's (NSR) investee Ascend Telecom Infrastructure will merge its telecommunications tower business with India Telecom Infra Ltd. (ITIL) – which is 50%-owned by industry peer IL&FS – in an effort to shore up their resources...
NSR, IL&FS telco tower operators to merge
Private equity firm New Silk Route’s (NSR) investee Ascend Telecom Infrastructure will merge its telecommunications tower business with India Telecom Infra Ltd. (ITIL), which is 50%-owned by industry peer IL&FS.
India private equity: taking up the challenge
Navigating promoters, public markets and PIPEs
India’s all-inclusive infrastructure rollout
Huge infrastructure development schemes have been underway across most of Asia’s developing economies for some years now, especially in India and China.
Asian funds: arithmetic or geometry?
With Asia growing in size, scale and industry importance, what do the funds of the future look like?
IL&FS fund fully exits ABG Shipyard, seeing 4x returns
IL&FS Investment Managers Ltd’s Leverage India Fund (LIF) has fully exited its five-year investee ABG Shipyard Ltd. (ABG) through the public markets, reporting 4x returns on its investment.
Entrepreneur Ajay Piramal may sell PE fund to international PE players
Indian entrepreneur Ajay Piramal, associated with pharmaceutical and real estate deals, is reportedly set to exit his real estate PE firm Indiareit Fund Advisors, via a sale to PE firms and other international finance institutions.
ICICI, PE-backed Arch Pharmalabs gets $14.3 million from Mitsui
Japanese trading firm Mitsui has taken a 5% stake in PE-backed Indian pharmaceutical producer Arch Pharmalabs for some INR65 crore ($14.3 million), coming ahead of Arch’s planned IPO early next year.
Axis Bank to complete exit from private equity fund
India's Axis Bank is about to complete its exit from its Axis Private Equity platform, pending the results of discussions with LPs in its INR600 crore ($130 million) fund, according to comments by Shikha Sharma, the bank's CEO.
Private equity-backed Gujarat Pipavav Port makes strong debut onto Indian stock exchange
Gujarat Pipavav Port Ltd., a container terminal backed by PE firms including IDFC, made a strong debut on India's National Stock Exchange, trading at a 22% premium at INR56.1 ($1.21) from its INR46 ($.99) issue price.
IL&FS Karuturi deal comes up smelling of roses
IL&FS Investment Managers has invested INR75 crore ($16.1 million) in Indian exporter of cut roses Karuturi Global, taking a more than 6.5% stake in the company, as it looks to raise $150 million to expand and diversify its business.
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
IL&FS India Realty Fund II to invest Aria Hotels
IL&FS Investment Managers' $895 million IL&FS India Realty Fund II will invest INR80 crore ($17.2 million) for an undisclosed stake in Aria Hotels and Consultancy Services (Aria Hotels), a subsidiary of the Asian Hotels group, which owns the 400-room...
China stakes its claim
PRC dominates as fundraising and IPOs boom in 1H2010
IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165...
IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
IL&FS plans $300-350 million growth fund
Leading Indian private equity investor IL&FS Investment Managers Ltd. is targeting $300-350 million for a new growth equity fund, to commence raising at end 2010.
IL&FS, Darby, others bid for Axis Private Equity
Six bidders, including veteran Indian private equity firm IL&FS Investment Managers and Darby Private Equity, as well as Aditya Birla Private Equity and Shapoorji Pallonji Group, are apparently bidding for Axis Private Equity, following parent Axis Bank's...
Dissecting the Asian infrastructure opportunity
The sky is the limit for infrastructure investing, but how do firms actually tap into the prospects?
Building a better Asia – public, private, partnerships and profits
Asian infrastructure, the best investment opportunity yet?
IL&FS invests The Mobile Store
IL&FS Investment Managers has reportedly taken a 10% stake in Indian handset retail chain The Mobile Store, owned by the Essar Group, for some $22 million.
Leverage India Fund got 2.1x from JBF
Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials.