Satyam Computer Services said that it hired investment bank DSP Merrill Lynch to review its “strategic options to enhance shareholder value,” a hint that the Indian outsourcer is looking to either be acquired or to sell a significant stake to an outside investor. At the same time Satyam announced it hired DSP Merrill Lynch, the […]
Tag: Stake.
FII Stake Not Outside FDI Limit
September 29, 2008 – 7:40 am
The finance ministry has blocked a proposal from the department of industrial policy and promotion (DIPP) to allow foreign institutional investors (FII) to invest over and above the sectoral caps on foreign investment. FII stake should not be taken into consideration while calculating FDI in sectors, for example telecom, which have a foreign investment cap, […]
Red Fort Capital Joined Hands With Godrej Properties
July 30, 2008 – 6:30 am
Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India. The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital […]
Mapletree Starts Third Property Project In China
May 29, 2008 – 5:06 am
Mapletree, a property investment unit of Singapore state-owned Temasek Holdings, announced on Monday that its private real estate fund, Mapletree India-China Fund (MIC Fund), is developing a property worth US$320 million in China’s Guangdong Province. This is MIC Fund’s third investment in China after its investments in a residential and retail development in Xi’an and […]
Rental Prices Higher By 13% In Main Cities
May 20, 2008 – 4:30 am
After the fresh rise in real estate prices all over India, the reports are coming about rising rental prices in key industrial towns. A current report about rental prices in New Delhi has shown a 13 % rise in rental prices in year 2008. Global real estate consulting company, Cushman & Wakefield has reported a […]
Emaar Purchases 1.36Percent Additional In Indian JV For Rupees 922 crore
February 1, 2008 – 11:42 pm
MUMBAI: The Dubai based Emaar group has purchased another 1.36% in its Indian joint venture Emaar MGF Land for Rs 922 crore, ahead of the initial public offer, which is considered to open on February 1. Emaar group has been assigned 13.37 million shares in the company, sources close to the arrangement said. The additional […]
