A large portion of the $6 billion raised by Kohlberg Kravis Roberts & Co (KKR) in its Asian II Fund could be deployed in Indian business ventures, reports suggest. It may be learnt that the American private equity (PE) fund KKR raised $6 billion through Asian II Fund and this became the largest pan-Asian PE fund raised so far. KKR invested over 25 percent of its first Asian fund in India, picking up stakes in half-a-dozen companies for $1.1
Tag: funding
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Panel studies proposals for deep-sea port project
A high-powered committee of the Bangladesh government is studying the proposals received from various foreign governments and overseas private sector companies for funding and constructing the proposed deep-sea port at Sonadia in Cox's Bazar. The committee will examine the strengths and expertise of the companies and governments who submitted proposal for assisting the
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Infradebt refinances road project
India Infradebt (Infradebt), which is the countryÂ’s first Infrastructure debt funds (IDFs) in the NBFC format, completed its first transaction by refinancing a road project of Zirakpur-Parwanoo section of NH-22. The stretch is built by Himalayan Expressway, which is part of Jaiprakash Group. The debt fund is sponsored by ICICI Bank along with Bank of Baroda, Citigroup and LIC
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RBI relaxes norms for bank credit to MFIs
Reserve Bank of India (RBI) relaxed the norms for categorising priority sector lending of commercial banks to microfinance institutions (MFIs). According to the present norms, banks can categorise credit extended to MFIs as priority sector lending if
if at least 75 per cent of loans given by MFIs is for income generating activity. Now, the central bank relaxed this limit to at least 70 per cent. Thus, according to the relaxed norm, bank credi
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Ratings of 3 MFIs upgraded by ICRA
Noting the resilience in the financial position of three microfinance institutions (MFIs), rating agency ICRA upgraded their ratings. The three MFIs are Grameen Financial Services Private GFSPL), Ujjivan Financial Services (Ujjivan) and Utkarsh Microfinance Private (Utkarsh). According to the agency, the upgrade reflects likely improvement in the resilience of their earnings, superior ability to scale up as well as strengthened capacity to cont
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PE investment declines in micro finance sector
Private Equity (PE) investors are said to be cautious in investing in micro finance institution (MFI) as is reflected in the fall in fund flows from these sources. The amount of PE deals in the MFI sector has been declining year after year with the calendar year 2012 witnessing only $104.5 million worth of deal compared to
$113.04 million in 2011 and $146 million in the previous year, data from VC Circle
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FIIs sell Rs 323 bn worth of debt papers in June
Official data shows that foreign institutional investors (FIIs), who bought Indian debt instruments worth Rs 22,000 crore during Jan-May 2013, sold Rs 32,336 crore worth of such papers in June. The heavy selling of debt instruments by FIIs led to a fall in bond prices and rise in bond yields. Yield on the 10-year government bond rose to 7.46 per cent, from 7.11 a month ago. This led to a negative monthly return of 1-2 per
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JICA wants govt to clear key projects
Media reports indicate that the Japan International Cooperation Agency (JICA) asked union Finance Minister P Chidambaram to arrange a Cabinet meeting and other processes to clear loan proposal for four key projects. Akihiko Tanaka, President of JICA is learnt to have said this to the finance minister during a recent meeting. The four projects referred to are the Mumbai Metro Line-3 project, widening of highways in Bihar to four lanes, a $137-million investment promotion programme in Tamil Nadu a
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyÂ’s support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyÂ’s support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part