NEWSROOM

12
Sep 2016

Vivek Sahni, CEO of Kama Ayurveda, sharing his vision about the brand

20
Jun 2016
Lighthouse Funds has disclosed it has put Rs 50 crore in Exeed and Rs 60 crore in SME lending non-banking finance company Capital Trust. Deviating from investing in mostly brand-driven businesses, India-focused private equity firm Lighthouse Funds is now steering towards disruptive start-ups such as a primary education provider Xseed and Uttar Pradesh-based lender Capital Trust.
The firm, which had kept most of its investments from India 2020 Fund II under wraps, has disclosed it has put Rs 50 crore in Exeed and Rs 60 crore in SME lending non-banking finance company Capital Trust.
10
Jun 2016
OrbiMed OrbiMed Advisors Llc, a US-based private equity (PE) fund, is in advanced talks to buy a significant minority stake in diagnostic chain Suraksha Diagnostic Pvt. Ltd, according to two people aware of the plans. The proposed round of funding—the company’s second—will see existing investor Lighthouse Advisors India Pvt. Ltd selling its minority stake and the fresh issue of equity of Rs.50 crore, said one of the two people. The round will raise around Rs.150 crore. Kolkata-based Suraksha’s enterprise value is around Rs.600 crore, the second person added. Neither wanted to be identified.
02
May 2016
Kolkata, May 2 () Sanitaryware major CERA Sanitaryware has plans to set up a new manufacturing facility in Rajasthan.
"We are planning for a new tiles plant at Rajasthan and are in the process of getting the land. We expect construction to begin from December," Cera executive director Atul Sanghvi said here today launching a style studio here.
It is, however, still not decided whether Cera will develop the plant alone or have a JV partner like it has done in its newly-installed tile plant at Nellore in Andhra Pradesh.
17
Apr 2016
IMD’s forecast of above normal monsoon is spreading cheers to many agriculture input companies. Many companies are also pinning their hopes on the second “Green Revolution” in the eastern India, which Prime Minister Narendra Modi has highlighted. Speaking to Bloomberg TV India, Dhanuka Agritech Ltd Managing Director MK Dhanuka says business prospects in FY17 have increased after the better monsoon forecast and the sales may grow more than 20 per cent. Launch of three new products coupled with capacity expansion in Jammu & Kashmir unit will also drive growth, he said.
06
Apr 2016
The District Industries Centre has given approval to Dhanuka Agritech’s Udhampur unit to double its capacity to 11,800 tonnes per annum. In an exchange filing on Wednesday, the company said it has also received permission from the J&K State Pollution Control Board to handle hazardous wastes for pesticide formulation and consent to operate the fresh expansion. The company said it can avail excise duty refund for a period of 10 years for the unit at Udhampur. Shares of Dhanuka Agritech ended 1.8 per cent up at ₹619.10 on the NSE.