Company Overview of SBI Macquarie Infrastructure Management Pvt., Ltd.
SBI Macquarie Infrastructure Management Pvt., Ltd. is based in India.
Key Executives for SBI Macquarie Infrastructure Management Pvt., Ltd.
SBI Macquarie Infrastructure Management Pvt., Ltd. does not have any Key Executives recorded.
SBI Macquarie Infrastructure Management Pvt., Ltd. Key Developments
Tata SREI Planning To Sell Viom Stake
Oct 4 13
Tata Sons Limited and SREI Infrastructure Finance Limited (BSE:523756) are planning to sell off their controlling stake in Viom Networks Limited. Multiple sources close to the matter said that with the failure of plan to launch an IPO of Viom, they shareholders are exploring options to sell a controlling stake. The Board is also in the process of finalizing Credit Suisse and Citi as their advisors and formal discussions with buyout private equity funds and other global tower companies have been initiated. Tata Sons, through Tata Teleservices Limited (TTSL) holds 54% stake, Seri holds 18% stake, while remaining stake in Viom is held by IDFC Private Equity, SBI Macquarie Infrastructure Management Pvt., Ltd., Oman Investment Fund, and GIC Pte. Ltd. Sources stated that though the discussions are at a preliminary stage, a change of control would give the four funds an opportunity to exit the venture. Tata may retain up to 26% stake while it is still not clear to what extent the Kanoria family, which owns Seri, will eventually dilute. An official seeking anonymity stated, “Even though the Tatas own majority in the company, Srei has key rights in the venture including right to appoint key management personnel. They also manage day-to-day operations. So in a change of control transaction, these strategic rights will also have to move to the new investor.” The news report stated that spokesperson for Viom said, “As per our corporate policy, we don't comment on market speculation. Viom Networks has undergone a significant transformation in one of the most challenging times of our telecommunications industry. The company will continue to emphasize on people, technology and values. We plan to enhance our focus on smart and embedded use of technology across internal processes, operations and offerings.” It added that mails sent to Tata Teleservices were not responded. Director of Viom and Chairman & Managing Director of SREI Infrastructure Finance, Hemant Kanoria said, “The market has been speculating about the company’s fund raising and other strategic plans more than the company. I am not aware of any strategic plans. The board has not taken any final call.” The news report mentioned that Sunil Kanoria, a Director of Viom could not be contacted while SBI Macquarie spokesperson declined comment and queries to Oman Investment Fund, IDFC PE and GIC Singapore did not elicit any response. Sources added that as part of its efforts to bringing in a new controlling shareholder, Viom is also trying to raise fresh equity of around INR 15 billion as growth equity. An official stated, “Divesting stake at Viom is beneficial for the Tatas. In the backdrop of TTSL itself exploring merger with other telcos, it needs to pare its balance sheet drastically. Consolidation is inevitable in the telecom space.”
SBI Macquarie Infrastructure Management Pvt., Ltd. Presents at 14th Annual AVCJ Private Equity & Venture India Forum, Dec-05-2013
Sep 14 13
SBI Macquarie Infrastructure Management Pvt., Ltd. Presents at 14th Annual AVCJ Private Equity & Venture India Forum, Dec-05-2013 . Venue: Taj Lands End, Band Stand, Bandra (West), Mumbai 400 050, Maharashtra, India. Speakers: Suresh Goyal, CEO and Managing Director.
Krishnapatnam Reportedly In Talks With Morgan Stanley And SBI Macquarie To Sell Its Stake
Aug 2 13
Krishnapatnam Port Company Limited is in talks with Morgan Stanley Infrastructure Partners, L.P. and SBI Macquarie Infrastructure Management Pvt., Ltd. to sell up to 6% stake and raise INR 12 billion for its expansion, reported Economic Times. Krishnapatnam has mandated JM Financial to spearhead the transaction. While Krishnapatnam is yet to shortlist the prospective buyers, some private equity funds have signed the non-disclosure agreement ahead of starting the due-diligence. A person close to the transaction said, "The company is currently in the process of shortlisting the prospective buyers with the help of an investment banker. It is looking at raising at least INR 1.2 billion of equity funds by selling a minority stake of some 5% - 6%." 3i Group plc (LSE:III) is also looking to sell its 9.2% stake in Krishnapatnam as part of its global strategy to exit India investments. Two investment bankers associated with the deal said that the deal is likely to involve primary and secondary transactions, which imply that promoters will sell and simultaneously issue shares to the buyer. A top executive of an infrastructure fund said, "This is mainly done to fund the capital requirements and simultaneously raise money for the promoters. Tax considerations also play a major role in going for a transaction of this nature." The executive added, "There are plans to ramp up capacities to 100 million tonnes." When contacted, SBI Macquaire and Morgan Stanley Infrastructure Partners declined to comment. The official spokesperson of 3i Plc also didn't comment.
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