Lighthouse

Lighthouse Advisors pares over 2% stake in V2 Retail for Rs 85 crore

Private equity firm Lighthouse Advisors on Monday divested a 2 per cent stake in value retail chain V2 Retail for Rs 85 crore via open market transaction, while Motilal Oswal Mutual Fund acquired shares of the company. The Mumbai-based Lighthouse Advisors through its affiliate India 2020 Fund II Ltd sold over 7.34 lakh shares, amounting to a 2.12 per cent stake in V2 Retail, as per the block deal data available on the NSE. The shares were offloaded at an average price of Rs 1,160 apiece, taking the transaction value to Rs 85.23 crore. After the stake sale, Lighthouse Advisors' holding in V2 Retail has come down to 4.24 per cent from 6.36 per cent. These shares were purchased by Motilal Oswal Mutual Fund at the same price, the data showed on the National Stock Exchange (NSE). Shares of V2 Retail jumped 5 per cent to end at Rs 1,223.70 apiece on the NSE. In a separate transaction on the BSE, SBI Mutual Fund purchased 3.72 lakh shares or 2.3 per cent stake in Alicon Castalloy for Rs

Lighthouse invests Rs 284 crore in silver jewellery brand Kushal's

Private equity platform Lighthouse on Wednesday said it has invested Rs 284 crore in fashion and silver jewellery brand Kushal's. The money raised will be deployed for brand building, hiring people, technology and also scaling up the retail presence. The investment by Lighthouse India Fund IV AIF also includes a secondary purchase from India SME Investments. India SME Investments was the first institutional investor in Kushal's and is partially selling its holding through the deal, according to a statement. The company founded in 2006 retails its products through more than 75 stores across 25 cities in India and also online. Lighthouse Managing Director Anshul Jain said the company is organising the large, fragmented fashion jewellery market in India with its premium product range and added that fashion jewellery is becoming an integral part of people's lifestyle now. "As we gear up for the next leg of our growth, we look forward to their (Lighthouse) guidance and support, given t

With advanced navigation tech, Centre looks to tap heritage of lighthouses

A view of the Kovalam lighthouse in Kerala. The Ministry of Ports, Shipping, and Waterways is holding a lighthouse festival on September 23-25

Indian private equity firm Lighthouse in talks to raise $400-mn fund

Lighthouse has raised more than $450 million over the years and has invested in Indian companies that include popular online beauty retailer Nykaa and ethnic apparel and home accessories brand Fabindi

PM to lay foundation stone of LHPs at 6 sites on Jan 1 via video conference

PM Modi will lay the foundation stone of Light House Projects under the Global Housing Technology Challenge-India (GHTC-India) at six sites across six states on January 1 via video conferencing.

Private equity player Lighthouse fund raises $200 million

The firm will use money raised to write checks of $25 million and below for investee companies