All publications of Pavan Kumar Aacharya . हैदराबाद , भारत
Cash worth Rs 7.5 crore seized by IT task forces, two held
Based on a tip off, the force nabbed two persons who could not produce valid documents to reveal the source of cash
- By: Web Desk | Hyderabad | March 18, 2021 9:11:03 pm
Hyderabad: The task force seized unaccounted cash worth Rs 7.5 crores from two persons on Thursday night under their routine check ups. The first seize of 2.5 crores was from a Hotel room at Lingampally and the second seize of 5.0 crores from the residence of an agent at Tolichowki
In the first case at Lingampally, the forces seized Rs 2.5 crores in cash from an agent Lateef (35), he kept the cash bundles in the water bottle boxes and is transporting within city without any documents as a proof. During prosecution, he informed that, these cash bundle boxes are kept ready to handover to a reputed Dentist of a well known dental hospital in mehdipatnam.
In the second case at Tolichowki, the forces caught another agent Yousuf (41) of kerala based company who is suspected to be involved in cash transporting from Bidar to Hyderabad. The forces seized Rs 5.0 crores in cash bundles of 2000 denominations from his residence.
This cash transporting is routed to hand over to the owner of one andhrapradesh based consulting company having its branch at Hyderabad but unable to produce the related documents as proof
Task force said that these two transactions seems to be interlinked of the same andhra based consulting company which has links in kerala and upto Dubai.
The task force said that the Dentist name was not revealed in the first case hence the search of dental hospitals in and around mehdipatnam will be under surveillance similarly they will serve the notices to the andhra based consultancy to attend prosecution
An anonymous call on this activity from the internal sources helped and directed the task force to act fast in sending these people for prosecutions
Sources : Hyderabad Desk
Samana Global to float $560 mn alternative investment fund
By Ankit Doshi 8 November 2020
Courtesy : VCCircle
Samana Global Business Solutions Ltd, a UAE-based diversified business group, is looking to float its maiden alternative investment fund to invest in listed and unlisted Indian companies from January 2021.
The Samana Global Fund, or SGF 2020, aims to mobilise Rs 4,000 crore ($560 million). It plans to invest in sectors such as hospitality, healthcare, tech-enabled farming and horticulture, education, real estate, retail and information technology, the company said.
Samana Global of MSS is the sponsor of the close-ended funding company while RAVULA ENTERPRISES and GPEP UAE are its investment sourcing companies. SGF is registered as a category II fund with the Securities and Exchange Board of India (SEBI) and funded to various projects in Kerala, Tamilnadu, Karnataka states of INDIA and now agreed to fund in Andhra and Telangana states from January 2021 said Mr Pavan Kumar Vangala, Chairman and MD at Ravula Enterprises.
Mr Kumar said that Ravula Enterprises is assisting SGF to flowdown the investments from next financial year onwards in building the super speciality hospitals, hotels, schools, shopping malls, convention centres, townships in Andhra and Telangana and also will fund through its other related organization like AMEIL (UAE), TOIL(KSA), WBS (NZ), RLC(NJ), PSPV(IN), REVA(IN) will be assisting in IT/ITES, Health care, Media, Food processing, FMCG, Pharma, Aviation sectors.
Mr. Kumar declined to name a particular investor for compliance reasons, but said the fund aims to raise its capital from a variety of investors such as funds from india and abroad funds and even fund-of-funds. It will also tap high-net-worth individuals, including those from outside India.
The fund has a three to five-year lock-in and an investment horizon of five to nine years. It is targeting to offer about 8% to14% returns a year after accounting for expenses and taxes, keeping in mind the opportunities and risks to its overall investment theme, Mr. Kumar said.
“As per regulations, we have maximum 2 to 4 months to launch the fund and raise capital. Based on the response, we will decide whether we wish to extend or not,” Kumar said.
“However, we believe this fund will help to start ups, financially sick companies to perform well and simultaneously to the investors, especially the ones based aboard, looking to invest in India through a transparent platform that the SGF is, instead of investing directly, which is a tough process,” he said. Some institutional investors have shown commitments too he added.
Samana is looking to benefit with an investment theme focussed at the potential and prospects of India’s macroeconomic growth driven by a large population and diverse demographics that supports consumption and investment.
“Our strategy is to deploy capital in parallel to our fundraising and not keep the capital sit idle. Our aim is to offer maximum returns to investors, especially to foreign investors and the ones based in UAE, KSA, US, UK, ASIA by offering diversification via investments in non-oil sectors,” Kumar said. He added that India is in a growth stage led by urbanisation and development.
Mr. Kumar emphasised that India’s growth will be driven by the seven sectors on which the SGF is focusing.
Samana has assigned sectoral weights to create its portfolio. For instance, it aims to invest 50 to 90% capital in a single company in proportion to the weight assigned and the capital allocated to each of the seven sectors or verticals it aims to invest.
“IoT (internet of things), fintech, and AI (artificial intelligence) are new-generation themes. These three themes are going to be market leaders in the future,” Kumar said.
SGF 2020 aims to set up a feeder fund at Abu Dhabi Global Market--an international financial centre in the Gulf emirate--to mobilise foreign capital looking to invest in India, Mr Kumar said.
SEBI had introduced its AIF regulations to supervise the unregulated fund market in India comprising private equity funds, real estate funds, besides encouraging new capital formation and protecting investors.
Affluent investors in India have long been keen on exploring alternative investment options to diversify their portfolio, giving rise to an increase in AIFs, according to industry observers.
Avlanches had reported in September 2019 how a growing number of wealthy investors are investing in diverse AIFs, indicating deepening of public markets in India.
In February this year, panellists at the Avlanches India Limited Partners Summit had forecasted that the size of the alternative investment fund industry in the country is likely to more than double over the next two to three years, thanks in part to favourable policies by the government and regulators.
Mr Pavankumar with SGF team
Man Behind Investment Flows to South India
14Oct 20: The Investment agreements have been signed by Mr Pavan Kumar Vangala in the role of an Associate Investor of Meidel's New division GPEP (Global Private Equity Partnerships) recently, which are going to flow down from UAE to South India in coming weeks. It was a great effort for about 10 to 12 months by him not loosing focus even in COVID 19 and finally made things happen for the benefit of the society which created lot of employment opportunity to the younger generation by launching several projects.
The projects will be executed by Mr Pavan under the guidance of AMEIL and TOIL of UAE and the chairman of this group added that Mr Pavan has excellent project leading and management skills hence the group is confident of repayments and he also added that it is assured that the projects which he is handling will excel with high profits in near future and will run smoothly.
Mr Pavan, Associate Investor of GPEP said that it is a great challenge and as well as an opportunity to the younger generation for start ups and women empowerment. The investments will be flowed to those people who have the capabilities in running businesses of various sectors and ensure the profitability. He explained to the investment board with a presentation on how he will make things work in practical terms considering financial terms and his plan of actions in meeting the desired targets, respobsibilities which will keep up the confidence levels of the investor board
Courtesy : Calicut business
Courtesy : Calicut
Private Funders Jointly Venturing with Private projects in South India
14 Oct 20: Dubai Holding company TOIL & AMEIL are proposing to associate with Mr Pavan Kumar Vangala, Associate Investor of Meidel's New division of GPEP to execute the Joint Venture Projects pan India in the field of Real Estate, Education, Health Care, Hospitality, Pharma, FMCG, Food Processing, sectors from October 2020 in which TOIL & AMEIL will hold a 51% equity stake in the ventures, while GPEP will have the remaining 49% during the Investment period in the statement he said.
TOIL & AMEIL and GPEP companies have decided to associate and execute through private equity investment platform and will invest in anchor private equity joint venture projects in Andhrapradesh, Telangana, Karnataka, Tamilnadu and Kerala states of India
Mr. Pavan Kumar Vangala AI of GPEP said, these three companies are collectively evaluated some of the projects and the projects are in pipe line to invest in Andhra Pradesh, Telangana, Karnataka and in Kerala. Apart from these projects the companies will evaluate other proposed projects and also will conduct a comprehensive feasibility study of various projects too. The results of these studies are due before the end of 2020. Mr Pavan added that our association will create opportunities for young entrepreneurs of South India and encourage start up companies. It also help the state governments during the development of social infrastructure and this was part of a strategy to develop India in various sectors which will Introduce young men and women entrepreneurs and create opportunities for prospective foreign investors.
The officials of TOIL and AMEIL added to Mr Pavan that The investment will be incorporated from middle East countries where the approvals and agreements are under evaluation on the possibilities, which will be signed by the companies in October 2020 to invest for the financial year of 2021. He concluded that, these investment proceedings and decisions related to financial transctions are strictly followed as per govt norms either side.