Business
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New York PE Fund India Equity Partners Buys Sagar Ratna For $40 MIllion
New Delhi: New York-based private equity fund, India Equity Partners, has bought a controlling stake for 180 crore in Sagar Ratna Hotels, a 25-year-old popular chain specialising in South Indian cuisine. The funds will be used to open 200 more outlet
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Japanese Fashion Giant Uniqlo in JV Talks With Aditya Birla, DLF
Mumbai: Japanese fashion giant Uniqlo has held discussions with Aditya Birla Group and DLF Retail to enter the Indian market through a joint venture, said sources briefed on the matter. The ongoing talks with Madura Fashion & Lifestyle, a divisio
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Globus Stores Forays into Kidswear Segment
Kolkata: Globus Stores, the R Raheja Group-owned apparel retail arm, is planning to roll out a specialty retail format for casual and club wear for its private label brand F21, and venture into kids wear to shore up margins in the highly-competitive
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PE Firm TPG Puts Shriram Transport Finance Stake Sale on Hold
Mumbai: PE firm TPG has decided to put on hold its stake diversion in asset financing company Shriram Transport Finance ( STF), said two people familiar with the matter. The decision by TPG is due to the sliding valuation of Shriram Transport stock i
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SAIF, MakeMyTrip invest $18.5 mn in iXiGO.com
Mumbai: Private equity fund SAIF Partners and leading online travel company MakeMyTrip India Pvt. Ltd have invested a total of $18.5 million (Rs.83.62 crore) in travel search engine iXiGO.com. The two purchased stock in parent Le Travenues Technology
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