NEWSROOM

29
Jan 2015
Cera Sanitaryware Ltd, one of the largest sanitaryware companies in India, is raising around Rs 70.6 crore ($11.5 million) from Lighthouse Funds' second private equity fund through a preferential allotment, as per a stock market disclosure.
The company at its board meeting held on Thursday has decided to allot 3,51,000 equity shares of face value of Rs 5 each of the company to India 2020 Fund II at a price of Rs 2,011.50 per share on a preferential basis aggregating around Rs 70 crore. This is subject to the approval of members to increase the aggregate limit
15
Dec 2014
US government's development finance institution Overseas Private Investment Corporation (OPIC) has agreed to invest $42 million (approximately Rs 263 crore) in Lighthouse Funds' second private equity fund, India 2020 Fund II.
The fund is targeting $125-150 million (approximately Rs 781-938 crore) to invest in mid-sized Indian companies. Lighthouse Funds has backed companies including Bangalore-based biscuit maker Unibic and Rajasthan-based snacks firm Bikaji Foods. The latest fund has received commitments
15
Dec 2014
MUMBAI:Lighthouse Funds is close to raising its second private equity fund, India 2020 Fund II, which is targeting $125-150 million (about Rs 750-900 crore) to invest in mid-sized Indian companies.
The Mumbai-based company's move comes after the US government's development finance institution Overseas Private Investment Corporation (OPIC) agreed to invest $42 million (Rs 250 crore) in the fund.
It will bring the fund near the final close as it targets to finish fundraising by next quarter.
The in-principle commitments have come in
17
Jul 2014
The Agarwals of Bikaner, descendants of Haldiram Bhujiawala, are packaging their local flavour for a national and global market
Hindi poet Ashok Vajpeyi had once remarked that one half of Bikaner’s population is occupied with making bhujia and the other with eating it. His observation continues to hold true in the dusty, desert city where every third shop in the bazaars sells namkeen (savouries) and sweets.
While staple indulgences kachoris and samosas are consumed with abandon
16
Jun 2014
The stock of agrochemicals maker Dhanuka Agritech Ltd is showing no signs of exhaustion. After rising 61% in 2013, it has gained more than 80% so far this year. Steady growth and superior return ratios explain the climb. Notwithstanding the vagaries facing the agriculture sector, Dhanuka Agritech has managed to grow its business in a robust manner. Sales and profits more than doubled over the last five years.
The company manufactures agrochemical formulations and focuses on distribution. It does not have a presence in the capital-intensive active ingredients business.