The sources said the Singapore state investor would use 1 billion rupees to purchase part of a holding in Devyani by ICICI Venture, the private equity arm of ICICI Bank.
Temasek Holdings has agreed to invest Rs 500 crore (USD 82 million) to buy a stake in Devyani International, operator of KFC, Pizza Hut and Costa Coffee chains in India, three sources with direct knowledge of the matter said.
The sources said the Singapore state investor would use Rs 100 crore to purchase part of a holding in Devyani by ICICI Venture, the private equity arm of ICICI Bank .
The rest would be a direct purchase in the restaurant chain operator, the sources added, declining to specify the percentage stake that Temasek would acquire.
"The deal is done and an announcement is likely very soon," one of the sources said.
Devyani International operates more than 300 outlets of restaurant and coffee chains including Pizza Hut, KFC and Costa Coffee in India and other southeast Asian countries, according to its website.
Temasek and ICICI Venture declined to comment, while Devyani International officials did not immediately return phone calls seeking comments.
Private equity funds have invested USD 4.6 billion in India so far this year, compared with USD 3.1 billion in 2013, Thomson Reuters data showed. Consumer-related investments contributed to a fifth of the total private equity inflows so far this year.
ICICI Bank stock price
On October 09, 2014, ICICI Bank closed at Rs 1487.90, up Rs 38.25, or 2.64 percent. The 52-week high of the share was Rs 1617.85 and the 52-week low was Rs 908.10.
The company's trailing 12-month (TTM) EPS was at Rs 88.05 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 16.9. The latest book value of the company is Rs 632.47 per share. At current value, the price-to-book value of the company is 2.35.
Anda sedang membaca artikel tentang
Singapore's Temasek to buy Rs 500cr stake in Devyani: Srcs
Dengan url
http://kebugaranhidup.blogspot.com/2014/10/singapores-temasek-to-buy-rs-500cr.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Singapore's Temasek to buy Rs 500cr stake in Devyani: Srcs
namun jangan lupa untuk meletakkan link
Singapore's Temasek to buy Rs 500cr stake in Devyani: Srcs
sebagai sumbernya
0 komentar:
Posting Komentar