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: funds
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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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Meet on funding Jaitapur nuke plant to be held in France
To provide funds for development of 9,900 mw Jaitapur nuclear power project in Maharashtra, Nuclear Power Corporation (NPC), Areva and French banks and financial institutions will negotiate terms and conditions to provide funds for the development of 9,900 mw Jaitapur nuclear power project in Maharashtra. The meeting is scheduled to be held on June 5 & 6 in France.
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Experts suggest India to attract Chinese funds for infra projects
Some experts suggest that India may attract the huge foreign exchange reserves of China, estimated to be about $3 trillion, towards its infrastructure sector. Experts suggest the Indian government to attract foreign direct investment (FDI) from China into the infrastructure sector, which needs $1 trillion funding during
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Work on FOB in Gurgaon awaits funds
In Gurgaon, work on constructing a foot overbridge (FOB) at Hero Honda Chowk is awaiting funds from the National Highways Authority of India (NHAI) and necessary approval to start the work. The Haryana Urban Development Authority (HUDA) has written to the NHAI about the project which the two departments have to jointly fund. A senior HUDA official said that the DPR of the project has been prepared and submitted to the NHAI for approval.
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REC plans to mop up around Rs 350 bn in FY14
In 2013-14, Rural Electrification Corporation (REC)
plans to raise about Rs 35,000-37,000 crore from domestic as well as foreign sources. It may be recalled that the leading state-run infrastructure finance company in the power sector mopped up Rs 31,000 crore in 2012-13. Of the Rs 35,000-37,000 crore that the firm plans to raise in 2013-14, about Rs 5,000 crore may be raise
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Maha expects Rs Rs 2,500-Rs 3,000 cr under PMGSY
In Maharashtra, long-neglected roads may soon get a facelift. After rejecting pleas for funds under Pradhan Mantri Gram Sadak Yojana (PMGSY) till last year, arguing the state had 100 per cent connectivity, the Centre has finally accepted its demand for funds to improve condition of roads in rural areas.
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Investment by PE, VC funds decline in 2012
Private Equity and venture capital funds invested $7.6 billion across 415 deals in 2012, which is a fall of 21 percent from the year-ago period of $9.6 billion, global consultancy firm Ernst & Young said. The decline in the investment is mainly because of a significant fall in infrastructure sector investments $2.3 billion invested in 2011, compared with $774 million in 2012
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REC to sell Rs 15 bn worth 5-year bonds
Rural Electrification Corp is in the process of issuing Rs 1,500 crore worth five-year bonds in order to raise capital for funding power projects. The state-run lender has fixed an annual coupon of 8.70 per cent for the bonds. It may be noted that the financial institution scrapped the plans of raising funds in the s
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TN to take up patch-up work on CTH Road in Chennai
The Tamil Nadu Highways Department has sought funds from the State government for patch-up work of Chennai Tiruvallur High Road (CTH), on which commuters get harrowing experience. The proposed patchwork will definitely bring some respite to the road users.