According to research firm Venture Intelligence, the latest numbers take PE investments in the first nine months of 2013 to USD 5,059 million through 281 investments. This is down 38 percent compared to the corresponding period of 2012 when deals worth USD 8,152 million were made via 373 investments.
The Rs 2,745 crore proposed deal involves HT Global IT Solutions, part of Baring Private Equity Asia, purchasing 41.48 per cent stake of Hexaware Technologies following execution of 'share purchase agreements' and an additional stake of up to 26 per cent pursuant to a mandatory open offer.
Financial Technologies | MCX India | Petronet LNG | Pioneer Distilleries | Jet Airways | Ranbaxy Labs | JSPL | ITC and Hexaware Technologies are stocks, which are in the news today.
The Reserve Bank of India (RBI) has asked banks to reduce their exposure to non-banking financial companies (NBFCs), which have given loans mostly against gold, sending shares of such companies sharply lower.
Manappuram Finance's founder on Wednesday sold about 4% stake to three large private equity funds, including Baring Private Equity and Sequoia, for about USD 28.9 million.