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
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
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
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
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.
Apr 2014
MUMBAI: Private Equity firm Lighthouse Funds has purchased a 12.5 per cent stake in snacks maker Bikaji Foods International for Rs 90 crore, the company said Wednesday valuing the unlisted company at roughly Rs 720 crore.
The Rajasthan-based snack maker will use the funds to expand its manufacturing and distribution to markets outside North India and to enter the fastest growing ready-to-eat food market. Economic Times had first reported the proposed investment on March 19.
Bikaji Foods makes snacks like bhujia, papad
Apr 2014
Mid-market-focused private equity firm Lighthouse Funds has invested Rs 90 crore ($15 million) in Rajasthan-based snacks maker Bikaji Foods International Ltd to buy 12.5 per cent equity stake in the company, sources familiar with the development told VCCircle.
This transaction, which values it at Rs 720 crore, represents the first round of private equity investment in the privately held company. Earlier media reports citing sources had said Lighthouse Funds may pick 25 per cent in Bikaji Foods for Rs 120 crore.
Apr 2014
Plans manufacturing unit in Rajasthan, investing ₹50 crore. Dhanuka Agritech plans to set up a manufacturing unit in Keshwana village of Rajasthan with an investment of ₹50 crore. The debt-free company plans to fund its entire capital investment for the new unit through internal accruals.
The new unit will have a capacity to produce liquid pesticide of 6,000-kilo litre a year and 5,000 tonnes in powder form. The Gurgaon-based company’s overall pesticide production capacity in liquid and powder form will go up to 10,000 kilo litre
Apr 2014
MUMBAI: Dhanuka Agritech Ltd today said it has drawn up a Rs 50 crore plan for setting up a pesticides formulation facility at Kotputli, Rajasthan. "We are investing Rs 50 crore to set up ultramodern facility, having 6,000 litres per annum of liquid and 5,000 MT per annum of powder pesticides formulation capacity at Kotputli," said the company's Managing Director M K Dhanuka. The project will be funded through internal accruals, and the first phase will be ready by January 2015. It will take the total capacity of the company to 10,000 litres of liquid