Finance

Barings PE to buy 14% in Lafarge India

May 17, 2013by admin

"Barings had to pay a premium given the size and pedigree of Lafarge. The deal would have been done with several conditions attached given the kind of premium offered by Bearings," said an investment banker.

Private equity fund Barings Private Equity Asia will purchase a 14% stake in cement-maker Lafarge India for $256 million (Rs 1,400 crore) enabling the local company to fund its 6,000-crore expansion. Read More

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IDFC expects growth to slow down to 15%

May 4, 2013by admin

The firm expects decisions regarding renewal of existing telecom licences to be sorted out in 6-8 months.

Infrastructure finance company IDFC is expecting slower growth of 10-15% this year, mainly due to the uncertainties surrounding the infrastructure sector. Read More

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HCC eyes Rs 1k crore from non-core asset sale

May 7, 2013by admin

Besides, it is looking at selling stake in 247 Park, an office property in Mumbai's Vikhroli area, in which it holds 26% equity stake.

Loss-making Hindustan Construction Company aims to raise up to Rs 1,000 crore this fiscal by selling some of its non-core assets, an exercise aimed at paring some of its debt and reducing the strain on its balance sheet. Read More

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India has $1 trn infrastructure deficit: FM

April 22, 2013by admin

"Now, at the World Bank Group, we have the International Finance Corporation, and specifically what they do is they say, we want to be sure that private investment, in infrastructure in ports, in roads, in telecommunications actually has the greatest development impact," said World Bank President Jim Yong Kim.

India has a US $1 trillion infra deficit over the next five years, Finance Minister P Chidambaram told the World Bank which wants private participation to bridge funding gap. Read More

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Infra sector says measures to ease liquidity missing

May 4, 2013by admin

Binu Joseph of JRG Securities said the key rate has been cut by about 1.25 per cent since last year but banks have not fully passed on the benefits to the sector, expressing their inability to do so in the current economic environment.

Infrastructure sector players have termed the repo rate cut by 25 basis points a positive step but say nothing has been done to directly address their liquidity concerns. Read More