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Chalanachithram.com DB » TF Industry related » Archive through September 13, 2012 » Peepul Capital may invest up to Rs 1,000 cr in DC « Previous Next »

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Tilak
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Username: Tilak

Post Number: 8247
Registered: 02-2012
Posted From: 125.22.249.81

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Posted on Wednesday, September 12, 2012 - 09:44 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bongemkadu:


5,000 crores anta jokaaaa



oka coal block money .. jujubi ..

Filmbuff:

Congress ni valla ministers, PMs ni save chesukovalante thala pranam thokaki vosthondi. Inka DC ni save cheyataniki time ekkada.


tappadu .. mafia lo bhaagam kada .. all for one - one for all ..

Onlytruth:

Andhra antene laffoot companies ani successdul ga chesaru ..many public company scams...


DC ante lafoot naa koduku .. ivaala bayata padochu .. but that does not make its birth any legitimate ..
India must conquer the World and nothing less than that is my ideal - Swami Vivekananda
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Onlytruth
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Username: Onlytruth

Post Number: 107964
Registered: 01-2007
Posted From: 173.108.197.66

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Posted on Wednesday, September 12, 2012 - 09:36 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Andhra antene laffoot companies ani successdul ga chesaru ..many public company scams...
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Filmbuff
Junior Artist
Username: Filmbuff

Post Number: 628
Registered: 11-2011
Posted From: 203.110.237.2

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Posted on Wednesday, September 12, 2012 - 09:34 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Tilak:




Congress ni valla ministers, PMs ni save chesukovalante thala pranam thokaki vosthondi. Inka DC ni save cheyataniki time ekkada.

Shiva lo dialogue laga - ee newspapers politicians ki avasaram undali kani, politicans newspapers ki avasaram unda koodadu. Aa mindset tho ignore kodtharu.
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Bongemkadu
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Username: Bongemkadu

Post Number: 119
Registered: 04-2012
Posted From: 99.8.58.196

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Posted on Wednesday, September 12, 2012 - 09:30 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Tilak:




Nobody can save it... it is beyond everybody's league. T.Subbirami Reddy goda yemi peekaledu...sonta blood ayine no helping.

5,000 crores anta jokaaaa


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Tilak
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Username: Tilak

Post Number: 8245
Registered: 02-2012
Posted From: 125.22.249.81

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Posted on Wednesday, September 12, 2012 - 09:14 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Filmbuff:

buyout funds.


DC ni ela save chestundi Congress?
India must conquer the World and nothing less than that is my ideal - Swami Vivekananda
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Filmbuff
Junior Artist
Username: Filmbuff

Post Number: 627
Registered: 11-2011
Posted From: 203.110.237.2

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Posted on Wednesday, September 12, 2012 - 05:46 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

I know Peepul capital well and some of their fund managers. I can bet my ass that they are not going to invest these amounts in DC. Their calls are usually in the range of $10 - 20 Mn. Investing $100 - $200 Mn is beyond their league. That is the league of KKR, TPG, Carlyle and other buyout funds.
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Tilak
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Username: Tilak

Post Number: 8228
Registered: 02-2012
Posted From: 125.22.249.81

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Posted on Wednesday, September 12, 2012 - 05:37 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Wonder what makes TV9 to invest 1000 crores in tabloid $hit called DC??
India must conquer the World and nothing less than that is my ideal - Swami Vivekananda
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Jawmetri
Comedian
Username: Jawmetri

Post Number: 1407
Registered: 12-2009
Posted From: 49.204.37.247

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Posted on Wednesday, September 12, 2012 - 05:22 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

TV9's Srini Raju!
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Tilak
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Username: Tilak

Post Number: 8225
Registered: 02-2012
Posted From: 125.22.249.81

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Posted on Wednesday, September 12, 2012 - 04:48 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Peepul Capital LLC, a Hyderabad-based private equity fund, is likely to invest anywhere between Rs 500 crore and Rs 1,000 crore in debt-ridden Deccan Chronicle Holdings Limited (DCHL), which publishes English newspapers Deccan Chronicle, Financial Chronicle and Asian Age, and Telugu daily Andhra Bhoomi, according to people privy to the development.

When contacted, Peepul Capital LLC managing director C Srinivasa Raju declined to comment on the quantum of the investment. Raju is the first potential investor to evince interest in investing in DCHL, which has over Rs 1,500 crore debt as per Registrar of Companies’ filings.

“Our investment in DCHL will be from our $700-million (including $100 million of own money) fund. Our firm has both dollar and rupee funds because there are constraints in terms of foreign and Indian ownerships. So, it (investment) will be a combination of both the currencies,” he told Business Standard.

Peepul Capital, which typically commits between $15 million and $25 million of equity in each transaction, has so far invested $450 million from its fund.

These include Hyderabad-based animation company DQ Entertainment, multi-lingual news agency IANS India Private Limited, Associated Broadcasting Corp, which runs regional television news network TV9 and Visage Media Services, a strategic partner of Getty Images.

Replying to a query on the reason to show interest in DCHL, Raju said, “We are all investors. We are looking for an opportunity.”

Raju, who worked as the chief operating officer of Satyam Computer Services Limited and also as the first chief executive officer of Cognizant Technology Solutions Corp, said whether his investment in DCHL would exclude Deccan Chargers, the IPL franchise team that the publishing house owns, was a little bit more complicated.

“The lenders wanted to first sell Deccan Chargers and then stabilise the company as it needs funding. Though they (lenders) also tried to find people who are interested in buying Deccan Chargers and investing in the newspaper, I think they will first sell the Chargers,” he said.

According to the Ministry of Corporate Affairs’ filings, ICICI Bank leads the league of lenders to DCHL with Rs 610 crore, closely followed by IDFC and Future Capital Holdings (Rs 170 crore), YES Bank (Rs 50 crore), Axis Bank (Rs 100 crore), Indian Overseas Bank (Rs 70 crore) and Canara Bank (Rs 75 crore).

“I think the investment process into DCHL will take a long time because they don’t have a balance sheet. Unless there is a balance sheet no fund can invest. They, probably, will call for expressions of interest from three to four people like us. My reading is it will take at least three to six months from now,” Raju added.
India must conquer the World and nothing less than that is my ideal - Swami Vivekananda

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