News Roundup: PE-backed Trimax Plans Rs 350Cr IPO
Trimax IT Infrastructure and Services intends to file for an initial public offering during the current calendar year. The company will raise between Rs 250-350 crore through the IPO route.
January 05, 2011 / 12:14 IST
PE-backed Trimax Plans Rs 350Cr IPO - Trimax IT Infrastructure and Services intends to file for an initial public offering during the current calendar year. The company will raise between Rs 250-350 crore through the IPO route. The company hopes to file the draft red herring prospectus (DRHP) with SEBI over the next six months. The Mumbai-based company is backed by private equity firms like Zephyr Peacock and Banyan Tree Finance. (HinduBusinessLine)
Homex Buys Kotak Realty's Chennai Property - Kotak Realty Funds Group, a real estate private equity arm of Kotak Bank, has sold a 20-acre residential plot in Old Mahabalipuram Road in Chennai to Homex, a Mexican pre-fabricated affordable housing company, for Rs 130 crore. The plot was sold at 6.5 crore per acre. Kotak Realty had acquired the land from Pentamedia Graphics in 2007 under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002. (Economic Times)Kumble Forms Start-Up Tenvic, Eyes $5-10M VC Funding - Anil Kumble is turning a sporting entrepreneur with Tenvic, which will focus on providing sports education and training at mainstream schools across the country. Tenvic's investors include former BNP Paribas Securities MD Praveen Chakravarty and former table tennis champion Vasant Bharadwaj . The firm is currently in the process of raising between $5 million and $10 million from venture capitalists for the initial business scale-up. (Times of India)Suzlon May Sell Stake To Gamesa - Suzlon Energy, battling losses and mounting debt, is expected to rope in a strategic investor to boost business prospects. The company
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