Category: Breaking Corporate India Earnings News

GlaxoSmithKline Pharma’s (GSK Pharma) Q1CY08 results were broadly in line with our expectations. Net sales have decreased by 0.7% YoY to Rs 4.2bn. However, excluding the contribution of the fine chemicals business which was divested in September 2007, net sales have increased by 5.3%, in line with estimates. Priority products witnessed a healthy growth of 9% YoY, while the sales of price-controlled products were affected by pipeline inventory adjustments owing to excise-related price changes. The EBITDA margin has expanded marginally by 30bps YoY to 36.4% while higher non-operational income resulted in 8.9% growth in PAT to Rs 1.2bn

In 2007 and 2008 till date, India has attracted 2.6 billion dollar of private equity investment in the real estate sector. We have collected details of the same and is being presented below.

Date / Investor / Company /Investment [$Mn]
Apr 08 Saffron Capital Parsavnath 47
Sep-07 Deutsche Bank Singapore Lodha Group 425
Nov-07 Merrill Lynch & Brahma Investments DLF 424
Dec-07 Citi Venture Capital & GIC (Singapore) Shapoorji Pallonji 290
Feb-08 DE Shaw HDIL (Mack Star Marketing) 250
Apr-08 Citi Property Investors BPTP 160
Jan-08 Baer Capital Partners & Goldman Sachs Vatika Ltd 150
Feb-08 Infinite India Investment Management Maytas Properties 150
Mar-08 Deutsche Bank Ramprastha Promoters & Developers 80
Jan-08 RREEF Golden Gate Properties 70
Mar-08 Quantum Indiabulls Real Estate 69
Mar-08 TAIB Bank Logix TechnoPark 69
Sep-07 JP Morgan Lodha Group 69
Apr-08 HDFC Real Estate Fund Lodha Group 63
Apr-08 US-based hedge fund Indus Capital Partners Uppal Group 52
Jan-08 Frontline Ventures Futura Infraprojects 40
Nov-07 Yatra Capital and ICICI Ventures Kotle Patil Developers 31
Apr-08 Shinsei Bank & Kotak Realty Fund Lemon Tree 30
Dec-07 Yatra Capital Riverbank Holdings Pvt Ltd 28
Mar-08 Yatra Capital Palladium Construction 28
Sep-07 ICICI Ventures Lodha Group 25
Mar-08 Yatra Capital Platinum Hospitality Services 16
Apr-08 Triangle Realty Fund Prozone 11
Dec-07 Yatra Capital Alliance Hospitality Services 7.2
Nov-07 Yatra Capital Gangetic Developers 5.8

One of the prominent deals Citi-Nitesh Estate for $250 mn is missing in the list above. However, you can check out exclusive coverage of Indian Real Estate Sector and Mumbai Realty Prices here.

Dabur Pharma has announced that the Burman family, promoters of the Dabur Group has decided to divest its entire stake in Dabur Pharma to Fresenius Kabi, a business segment of Fresenius SE, at a price of Rs 76.50 per share.

Dabur Pharma is the pharmaceutical business of the group and is focused on the attractive global ocology market. It has built up an impressive product portfolio in ocology which is being sold through its global footprint across more than 40 countries including the key markets of US and Europe. Fresenius Kabi is a business segment of the healthcare group Fresenius SE.

OctaMedia Retail has informed us that Abhishek Industries has made its maiden foray in lifestyle retail in India by launching its first store under the brand name ‘Trident Homescapes‘ at Chandigarh. The Trident Homescapes would house a wide and exclusive range of home products capable of turning a home into a lifestyle arena.

The Rs 15 billion enterprise and proud winner of awards from leading international retails chains including Wal Mart and J C Penny, Trident Group has launched its first Lifestyle store – Trident Homescapes – in Chandigarh through Abhishek Industries the flagship company of the group.

Satyam Computer Services has agreed to acquire S&V Management Consultants, a Ghent, Belgium-based supply chain management (SCM) consulting firm. The $35.5 million, all-cash purchase significantly reinforces Satyam’s supply chain strategy capabilities.

As a part of this transaction, Satyam also acquires an innovative business decision support software called Equazion, a sophisticated supply chain performance management suite that enables business decisions from a macro perspective.

S&V was founded in 1992, and has offices in Belgium and the Netherlands. The $15 million firm develops supply chain strategy and performance, and supply chain process excellence solutions, largely for manufacturing and pharmaceutical companies and public entities. S&V features 60 consultants, all of whom are six sigma-trained and APICS-certified, and fluent in English Dutch, and French.

Subex Systems has been selected as a recipient of the Verizon’s 2007 supplier excellence award. The award recognizes Subex for its outstanding effort and achievement in demonstrating performance excellence thro the deployment of its moneta revenue assurance solution across multiple Verizon next-generation services.

Subex’s Moneta enables customers like Verizon to maximize revenues by detecting and correcting any issues across the value chain, ensuring that services are properly ordered and billed for and that all revenues are received. By improving data processing accuracy, Subex’s customers achieve a solid ROI through the software while improving overall customer satisfaction due to reduced billing and service- related errors. Moneta is recognized as the industry-leading solution for automating critical revenue auditing tasks that promote operational efficiency and sustained profitability.