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Investcorp acquires IDFC’s private equity, realty investment management business

Mumbai: The US-based alternative investment manager InvestcorpNSE 0.00 % has acquired IDFCNSE -1.02 % Group’s private equity and real estate investment management business and plans to incrementally raise $50 million towards IDFC’s existing fourth fund. The incremental capital, along with the uninvested pool in the fourth fund, will be invested in consumption-driven companies in India, a senior company executive said. HDFC chairman Deepak Parekh has joined the global advisory board of Investcorp. “Once the acquisition is complete on January 31, we will use the greenshoe option and raise another $50 million in the fourth fund. This incremental capital,…

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Market volatility: Should you revisit your equity investment strategy?

The BSE Sensex has tanked over 4,000 points since its all-time high of 38,989 in late August. The volatility has been pronounced in recent weeks. Ever since the IL&FS crisis spooked the market, followed by news of DFHL likely to face liquidity issues, the market has seen a roller-coaster ride. Each time hope is rekindled with a couple of days of small rise in the indices, the trend is reversed by adverse news flow on liquidity conditions in the market. The sudden and sharp slide has come a rude reminder…

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PFRDA raises NPS equity investment cap under ‘active’ choice, relaxes withdrawal norms

You will soon be able to opt for higher equity investment under the National Pension System’s (NPS) ‘active’ choice. The Pension Fund Regulatory and Development Authority (PFRDA) board of directors has approved increasing cap on equity investment in ‘active’ choice to 75% from current 50% for Private Sector Subscribers. Presently there is a cap of 50% on equity investment under active choice in NPS. A release issued by the PFRDA says that the increase in equity cap comes with a clause of tapering of the equity allocation after the age…

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