During May 2013, private equity funds announced 30 deals totaling to $ 2.1 billion, making it the highest monthly total since January 2008, Ernst & Young said in a report. A large part of the investment came from Qatar Foundation Endowment, which committed $ 1.26 billion investment in telecom major Bharti Airtel. This is the seco
Tag: funding
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PEs prefer completed commercial properties
Industry analysts feel that private equity funds prefer to invest in completed commercial real estate projects instead of taking risk by investing in new projects. Some experts opine that funds are smartly mitigating their risks by investing in completed properties like IT parks rather than investing in projects starting from scratch
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Kerala govt allots Rs 80 cr for bridge project
Kerala government allotted Rs 80 crore for the construction of the Edakochi-Kannangattu bridge, the state excise Minister K Babu said at a function on the completion of a Hudco project at Pampayi Moola. He also informed that the state government would conduct tendering process for the bridge project.
Piling has already been started on an experimental basis, the m
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Future plans to repay Rs 1.1 bn loan
G Dasaratha Reddy, Managing Director of Future Financial Services informed that the microfinance institution (MFI) plans to repay Rs 110 crore of loans restructured in 2011 and it is discussing the same with banks. If the plan materialises, this would be the first MFI in the country to opt out of corporate debt restructuring (CDR), nearly two years after it agreed to the exercise
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Govt gets response from some countries for port project
Bangladesh government received response from governments of only a few countries for funding its proposed deep sea-port project at Sonadia in Cox's Bazar district. Earlier, the Bangladesh government invited proposal from
countries for participating in the port project. Proposals were sought from countries like India, China the United Stat
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Govt gets response from some countries for port project
Bangladesh government received response from governments of only a few countries for funding its proposed deep sea-port project at Sonadia in Cox's Bazar district. Earlier, the Bangladesh government invited proposal from
countries for participating in the port project. Proposals were sought from countries like India, China the United Stat
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Board of Srei allows it to issue Rs 15 bn worth bonds
In a communication to the stock exchange, Srei Infrastructure Finance informed that during the financial year 2013-14 the company is permitted by its board to raise Rs 1,500 crore through debentures. This amount can be raised through public issue of secured, redeemable, non-convertible debentures in one or more tranches during the current fiscal, the firm said. The company's board has also approved to raise up to Rs 500 crore in one or more tranches through issue of prefe
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World Bank lends $216 mn for road projects
Road projects in Kerala received $216 million funding from the World Bank, which points out that of the 4,340 km highways in the state, around 70 percent are still single-lane with 54 percent in poor condition. Kerala government would use the fund for its Stage Transport Project II (KSTP II). The fund would enable upgradation of 363 km of strategically important state highways
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AP accounts for 22% of gross loan of MFIs
During Jan-Mar 2013, Andhra Pradesh accounted for 22 per cent of the gross loan portfolio held by all the microfinance companies (MFIs) that are the members of the industry body Micro Finance Institutions Network (MFIN). However, all of the above loan exposure turned non performing asset (NPA). According to a government repo
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Survey highlights need to boost funding for MSMEs
Government must take steps to promote flow of funding to Micro, Small and Medium Enterprises (MSMEs) in order to ensure growth in the sector. According to a Ficci-Grant Thornton survey, inadequate credit facility is one of the factors that thwart the expansion plant of majority of companies in the sector