*Subramaniam is currently in the process of building a management team that will identify target for investments.*
*Subbu Subramaniam To Float PE Fund *- N Subbu Subramaniam, former co-head of leading private equity fund Baring Private Equity Partners, is set to float his own private equity firm in India. Earlier in October last year, Subramaniam told VCCircle that he was busy giving shape to his next innings. Among the various options that he was evaluating were raising a fund himself, joining an international PE, roping in a partner or scouting for an anchor investor. Reportedly, the new entity will be called M Cap Fund Advisors. Subramaniam is currently in the process of building a management team that will identify target companies for possible investments. (DNA<http://www.dnaindia.com/money/report_ex-baring-co-head-to-float-private-equity-fund_1373359> ) *Lilliput Raises Rs 120Cr From TPG *- Lilliput Kidswear Ltd, a leading player in the Indian branded kidswear segment, has raised Rs 120 crore from private equity fund TPG. Though the company did not disclose the quantum of stake it has diluted to raise the fund, reports suggest that TPG has picked up a minority stake in the firm. Last week, Bain Capital had picked up an undisclosed stake in Lilliput for Rs 270 crore. (ET<http://economictimes.indiatimes.com/news/news-by-industry/cons-products/garments-/-textiles/Lilliput-now-gets-Rs-120-cr-from-TPG/articleshow/5833877.cms> ) *Shree Renuka Demands 8% More In Equipav *- Shree Renuka Sugars Ltd, which has earlier announced its plan to acquire at least 51% stake in Brazilian sugar firm Equipav SA Açúcar e Álcool, is demanding a higher stake in the company. Shree Renuka is demanding 8% more due to a slump in the international market. It has earlier planned to buy 51% stake for Rs 1,530 crore. (ET<http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/Shree-Renuka-wants-8-more-stake-in-Equipav/articleshow/5833752.cms> ) *TFCI To Raise PE *- Tourism Finance Corporation of India (TFCI), a government of India undertaking which is engaged in financing tourism related projects, is planning to raise private equity fund to finance large infrastructure projects. The company is currently focusing on investments in areas such as power, roads, airports and ports. TFCI is targeting a portfolio of around Rs 5,000 crore in five years. (FC<http://www.mydigitalfc.com/news/tfci-eyes-private-equity-has-no-fpo-plan-now-199> ) *Nitesh Estates Halves IPO Share Price *- Bangalore-based realty developer Nitesh Estates has reduced the issue price of its initial public offer. The company has nearly halved the price of its shares, which will now be sold at Rs 60-65 per share. The public issue will open on April 22 and close on April 27. The company had earlier proposed to mop up Rs 450 crore along with a greenshoe option to raise a further Rs 45 crore. (ET<http://economictimes.indiatimes.com/markets/ipos/Nitesh-Estates-halves-IPO-share-price/articleshow/5833850.cms> ) -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
