News

Ascent Capital-backed IVRCL Assets to merge with parent
Published on Reuters on 15-Nov-2011.
Hyderabad-based IVRCL Group is merging its listed group companies, IVRCL Ltd and IVRCL Assets & Holdings Ltd, besides hiving off its real estate and tower manufacturing business into a different subsidiary in a major restructuring. Read More
Marg sells 11% in port unit to Ascent Capital for Rs 200 cr
Published on First Biz on 19-Sep-2011.
Marg, a Chennai-based construction company, has raised Rs 200 crore private equity money for the ports subsidiary, Karaikal Port. The company's share price rose 2.5 percent while the broader market index BSE 500 shed 1 percent value. Over the past two weeks, Marg shares gained 21.8 percent while BSE 500 barely rose during the same period. Read More
Ascent Capital invests Rs 200 cr in Karaikal port
Published on Business Standard on 19-Sep-2011.
Private equity firm Ascent Capital has invested Rs 200 crore in Karaikal Port Private Ltd (KPPL), a subsidiary of Chennai headquartered Marg Ltd. The funds will be used for the Marg Karaikal Port-Phase 2A expansion, which is expected to enhance its capacity from the planned 21 MMTPA to 28 MMTPA and involves an additional capex of Rs 600 crore. Read More
Ascent Capital to invest Rs 200 crore in Karaikal port
Published on Live Mint & The Wall Street Journel on 16-Sep-2011.
Private equity firm Ascent Capital would invest Rs 200 crore in Karaikal port, a subsidiary of diversified business conglomerate MARG Ltd as part of Karaikkal port expansion plans. Read More
Ascent Capital to invest Rs 200 crore in Karaikal port
Published on The Economic Times on 16-Sep-2011.
Private equity firm Ascent Capital would invest Rs 200 crore in Karaikal Port, a subsidiary of diversified business conglomerate MARG Ltd as part of Karaikkal Port expansion plans. The funds would be used for the Karaikal Port PhaseIIA expansion which would enhance the port's capacity to 28 MMTPA which involves an additional capital expenditure of Rs 600 crore, MARG Ltd said in a statement. Read More
Ascent Capital invests Rs. 200 cr in Karaikal Port
Published on The Hindu Business Line on 16-Sep-2011.
Ascent Capital Advisors India Private Ltd (Ascent) has invested Rs. 200 crore for an undisclosed stake in Karaikal Port Private Ltd (KPPL) for the port's expansion project. Read More
Ascent chalks up Oakridge School deal
Published on Alt Assets on 13-Sep-2011.
Bangalore private equity firm Ascent Capital has signed a shareholders agreement to acquire a INR1.5bn ($30m) stake in Oakridge International School, India's largest private school and the second largest in Asia. Read More
Private equity firm Ascent Capital Advisors is close to picking up stake in the Hyderabad-based Oakridge International School, one of India’s largest International Baccalaureate (IB) school. The deal will involve Ascent Capital investing Rs 150 crore in Oakridge, sources familiar with the development have said. Read More
Private equity firm Ascent Capital Advisors is close to picking up stake in the Hyderabad-based Oakridge International School, one of India’s largest International Baccalaureate (IB) school. The deal will involve Ascent Capital investing Rs 150 crore in Oakridge, sources familiar with the development have said. Read More
Ascent Capital set to pump in $45 million for expansion of Karaikal Port
Published on Business Standard on 20-Aug-2011.
Ascent Capital, the Bangalore-based private equity fund, is set to pump in $45 million for expansion of Karaikal Port, located in the East Coast of India in the state of Tamil Nadu. The fresh infusion of funds will be as part of a Rs 700 crore expansion which Karaikal Port is embarking on to expand the capacity by as much as 6 times to 28 million metric tonnes from the current 5.2 MMT. The expansion is expected to happen over a period 12-18 months. Read More