NCMSL Coverage report

Coverage report for the press release issued on
‘NCMSL raises equity from Rabo Fund and IFC; IFFCO and three
Shareholders also pitch in’
on 31st May 2011
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The Economic Times
All Edition
Jun 1, 2011
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The Economic Times
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Jun 2, 2011
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The Economic Times
All Edition
Jun 7, 2011
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Business Standard
All Edition
Jun 1,2011
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Business Line
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Jun 2,2011
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Mint
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Jun 1,2011
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Asian Age
All Edition
Jun 1,2011
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Afternoon
Mumbai
Jun 1,2011
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Free Press Journal
Mumbai
Jun 9,2011
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Navbharat
Mumbai
Jun 1,2011
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Raj Express
Indore
Jun 1,2011
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Deshdoot Times
Nashik
Jun 2,2011
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Janpath Samachar
Siligudi
Jun 3,2011
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Tarun Bharat
Mumbai
Jun 3,2011
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Gujarat Pranam
Ahmedabad
Jun 11,2011
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Smart Investment
Ahmedabad
Jun 6,2011
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Herald Young Leader
Ahmedabad
Jun 13,2011
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Metro Herald
Ahmedabad
Jun 13,2011
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Standard Herald
Ahmedabad
Jun 13,2011
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Bhaskar
Rajasthan
Jun 15,2011
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Rajasthan Patrika
Rajasthan
Jun 16,2011
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Samachar Jagat
Rajasthan
Jun 15,2011
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Dainik Navjyothi
Rajasthan
Jun 16,2011
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Sandhya jyothi Darpan
Rajasthan
Jun 16,2011
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Seema Sandesh
Rajasthan
Jun 15,2011
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Deccan Chronicle
Hyderabad
Jun 1,2011
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Andhra Prabha
Hyderabad
Jun 1,2011
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Surya
Hyderabad
Jun 2,2011
vccircle.com
http://www.vccircle.com/500/news/ncmsl-raises-rs-10175cr-from-rabo-equity-ifc-others
NCMSL Raises Rs 101.75Cr From Rabo Equity, IFC & Others
The company will deploy these funds to create its own network of warehouses in more
than 40 locations.
National Collateral Management Services Ltd (NCMSL), a leading private agriwarehousing company, is raising additional equity of Rs 101.75 crore from IABF, IFC and
four of its existing shareholders.
The India Agri-Business Fund (IABF), floated by Rabobank and the International Finance
Corporation (member of the World Bank Group), will be investing Rs 34.50 crore and
Rs 27.50 crore respectively. IFFCO will be the largest shareholder participant, with an
investment of Rs 23.75 crore.
Three other existing shareholders of NCMSL – Karur Vysya Bank Ltd (KVB), Haryana
State Co-operative Supply and Marketing Federation Ltd (HAFED) and National
Commodity & Derivatives Exchange Ltd (NCDEX) – will also participate in the
additional equity plan to the extent of Rs 9.15 crore, Rs 4.85 crore and Rs 2 crore
respectively.
SBI Capital Markets Ltd was the financial advisor of NCMSL for the equity placement.
Sanjay Kaul, MD & CEO of National Collateral Management Services Ltd, said, “NCMSL
offers modern, scientific and IT-enabled storage and preservation services with focus on
agri commodities. In the last six years, the company has emerged as a leading player in
providing warehousing, collateral management, testing & certification, and weather
intelligence services. We plan to deploy these funds over the next two years to create
our own network of warehouses in more than 40 locations across the country.”
“The Fund takes pride in committing an investment in agri-warehousing, which is
critically deficient in India. The knowledge and input from Rabobank and the fund
management team will help in further growth of NCMSL’s agri-warehousing and
collateral management activities. The project will help in deepening the commodities
market in India while also enabling liquidity of warehouse receipts and strengthening of
price risk management capabilities of various stakeholders across the value chain, right
from farmers to processors,” said Rajesh Srivastava, CMD of Rabo Equity.
Food & agri business has seen a lot of action from PE funds. Rabo Equity Advisors, the
PE arm of the Dutch bank Rabo, has raised a $120 million India Agri Business Fund and
has closed six deals since its launch in 2008. Aavishkaar Venture Management has earlier
invested in food and agri-related companies such as Zameen Organic, a marketing
company for fair trade, organic and pesticide-free cotton, and Shree Kamdhenu
Electronics Pvt Ltd, a company developing technology for the dairy industry.
Andhrabusiness.com
http://andhrabusiness.com/NewsDesc.aspx?NewsId=NCMSL-raises-equity-from-RaboFund--IFC.html
NCMSL raises equity from Rabo Fund, IFC
Andhra Business Bureau May 31, 2011
HYDERABAD: National Collateral Management Services Limited (NCMSL), the
country’s pioneer organization in the private agri-warehousing space, is raising additional
equity of Rs. 101.75 crore from IABF (Rabo’s Private Equity arm which specializes in
food and agribusiness), IFC (member of World Bank Group) and four of itsexisting
shareholders.The India Agri-Business Fund (IABF) and the International Finance
Corporation (IFC) will invest Rs 34.50 crore and Rs 27.50 crore respectively. IFFCO
would be the largest shareholder participant with an investment of Rs 23.75 crore.
Three other existing shareholders of NCMSL - Karur Vysya Bank Limited (KVB),
Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) and
National Commodity & Derivatives Exchange Limited (NCDEX) - will also participate in
the additional equity plan to the extent of Rs. 9.15 crore, Rs. 4.85 crore and Rs 2 crore
respectively.
Sanjay Kaul, MD & CEO, NCMSL, said: “NCMSL offers modern, scientific and IT enabled
storage and preservation services with focus on agri commodities. In the last six years
the Company has emerged as a leading player in providing warehousing, collateral
management, testing & certification and weather intelligence services. We plan to deploy
these funds over the next two years to create our own network of warehouses in over
40 locations across the country.”
Money Control.com
http://www.moneycontrol.com/news/business/ncmsl-to-raise-rs-10175-cr6-pefirms_548541.html
NCMSL to raise Rs 101.75 cr from 6 PE firms
Published on Tue, May 31, 2011 at 21:41 | Source : PTI
Updated at Tue, May 31, 2011 at 23:26
National Collateral Management Services Limited (NCMSL) on Tuesday said it is raising
Rs 101.75 crore from six private equity firms to build warehouses in over 45 locations
in 12 states across the country.
"We are committed to build 3.5 million square feet and six lakh tonne agri-warehousing
space in next 24 months with an investment of Rs 300 crore, out of which we are
planning to raise Rs 200 crore through debt and the additional Rs 101.75 crore through
PE firms," NCMSL''s Managing Director and CEO Sanjay Kaul told reporters.
The debt documents are in the final stage, which will be from a consortium of four
banks led by Yes Bank, he said.
Talking about the PE firms, he said, IABF (Rabo''s Private Equity arm which specialises in
food and agri-business) and IFC (member of World Bank Group) will be investing Rs
34.50 crore and Rs 27.50 crore, respectively.
IFFCO, NCMSL''s existing shareholder, will be the largest shareholder participant with
an investment of Rs 23.75 crore.
"Presently, IFFCO has 13% stake in NCMSL on preferential allotment basis and post this
investment it will go up to 20.64%," he said.
Meanwhile, IFC''s direct stake in the company will be 16.4%, IFC Director,
Infrastructure, Anita Geroge said.
"IFC also has 16.4% stake in Rabo Equity, which will take the total stake in NCMSL,
including both direct and indirect, close to 20%," she added.
Three other existing shareholders, like Karur Vysya Bank Limited (KVB), Haryana State
Co-operative Supply and Marketing Federation Limited (HAFED) and National
Commodity and Derivatives Exchange Limited (NCDEX) will also participate in the
additional equity plan to the extent of Rs 9.15 crore, Rs 4.85 crore and Rs 2 crore,
respectively.
Economic Times.com
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/ncmsl-raises-185million-in-equity-funding/articleshow/8669161.cms
NCMSL raises $18.5 million in equity funding
radhika nair May 31, 2011, 11.15pm IST
Tags:
BANGALORE: Agri-warehousing company National Collateral Management Services
(NCMSL) has raised $18.5 million in equity funding. Of this, World Bank's investment
arm IFC invested $6 million, Rabobank's India Agri Business Fund put in $7.5 million and
Indian Farmers' Fertilizer Cooperative provided $5 million. The company will use the
funds to build more warehouses.
"We plan to deploy funds over the next two years to create our own network of
warehouses in over 40 locations across India," said Sanjay Kaul, NCMSL's Managing
Director and CEO. Existing investors, the National Commodity and Derivative
Exchange Ltd, Karur Vysya Bank and the Haryana State Co-operative Supply and
Marketing Federation, will also invest an additional $3.5 million in the company.
By 2015, the Indian food industry is estimated to grow to $258 billion up from the
current level of $ 181 billion according to a report by E&Y India and FICCI. Agribusinesses ranging from farm inputs, logistics and warehousing, processing and
marketing dairy and food produce are scaling operations and are raising equity funding in
recent months.
In March this year, a warehousing management company, Sonhanlal Commodities
(SLCM), raised Rs 35.5 crore in its second round of funding from Mayfield India and
Nexus Venture Partners. In May 2010 they had raised Rs 10 crore from Nexus. In May
this year, Small Enterprise Assistance Funds' (SEAF) India Agribusiness International
Fund acquired a significant minority stake in Gwalior-based food ingredients company,
Tropilite Foods.
Business Standard.com
http://www.business-standard.com/india/news/rabobank-others-invest-rs-101-cr-inncmsl/437348/
Rabobank, others invest Rs 101 cr in NCMSL
BS Reporters / Mumbai June 1, 2011, 1:15 IST
The India Agri-Business Fund (IABF), Rabobank’s private equity arm, and International
Finance Corporation (IFC), along with four existing shareholders have roped in to invest
Rs 101.75 crore in National Collateral Management Services (NCMSL), a warehousing
arm of the National Commodity and Derivatives Exchange (NCDEX).
IABF and IFC have agreed to invest Rs 34.50 crore and Rs 27.50 crore, respectively in
the company, which is planning to set up a 600,000-tonne state-of-the-art warehousing
facility in 45 locations spread across 12 states.
Others, including Iffco, Karur Vysya Bank, Hafed and NCDEX have agreed to invest Rs
23.75 crore, Rs 9.15 crore, Rs 4.85 crore and Rs 2 crore, respectively. Iffco will then
emerge as the largest shareholder in the company, with its equity to rise to 20.6 per
cent from 14 per cent now.
NCMSL also plans to raise Rs 200 crore from a consortium of six banks led by YES
Bank, for which negotiations are in an advanced stage. The company has already started
land acquisition in various states to commence commercial operation in 24 months.
“We have one million tonnes of storage capacity spread in 700 warehouses across 16
states. All of them are on lease. With this investment, we will be able to build 3.5 million
square feet of modern warehousing facility which will offer us higher profit margin,” said
Sanjay Kaul, managing director of NCMSL.
With this infusion of equity, the existing shareholders, including NCDEX, Canara Bank
and Bank of India, will have to suffer equity dilution, Kaul said.
Centralchronicle.com
http://www.centralchronicle.com/viewnews.asp?articleID=61732
NCMSL announces additonal equity of Rs 101.75 crore
Posted On Tuesday, May 31, 2011
Agencies
Mumbai, May 31:
National Collateral Management Services Limited (NCMSL), an organization in the
private Agri-warehousing space, is raising an additional equity of Rs 101.75 crore from
the Indian Agri-business Fund (IABF).
IABF, promoted by Rabobank and the International Finance Corporation (IFC), member
of the World Bank Group, will be investing Rs.34.50 crore and Rs.27.50 crore
respectively. IFFCO would be the largest shareholder participant with an investment of
Rs.23.75 crore.
Three other existing shareholders of NCMSL, viz. Karur Vysya Bank Limited (KVB),
Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) and
National Commodity and Derivatives Exchange Limited (NCDEX) would also be
participating in the additional equity plan to the extent of Rs.9.15 crore, Rs.4.85 crore
and Rs.2 crore respectively.
Speaking on the development, Mr. Sanjay Kaul, MD and CEO, National Collateral
Management Services Limited, told reporters, "NCMSL offers modern, scientific and IT
enabled storage and preservation services with focus on Agri commodities. In the last
six years the Company has emerged as a leading player in providing warehousing,
collateral management, testing and certification and weather intelligence services. We
plan to deploy these funds over the next two years to create our own network of
warehouses in over 40 locations across the country." "The Fund takes pride in
committing an investment in Agri-warehousing which is critically deficient in India. The
knowledge and inputs from Rabobank and the fund management team shall help in
further growth of NCMSL's Agri-warehousing and collateral management activities. The
project will help in deepening of the commodities market in India while also enabling
liquidity of warehouse receipts and strengthening of price risk management capabilities
of the various stakeholders across the value chain right from farmers to processors",
said Rajesh Srivastava, CMD of Rabo Equity.
Ms. Anita George, Director, Infrastructure, IFC said, "In India, a huge quantity of food
items is wasted annually on account of inadequate agricultural infrastructure including
storage and transportation facilities. This endeavor will have a demonstration effect on
the private sector thereby attracting new private investors into a space currently
dominated by state owned enterprises." Dr G N Saxena, Director IFFCO said, "We
have been associated with NCMSL right from its inception and we see a lot of synergy
between IFFCO's operations and the service portfolio of NCMSL. We are, therefore.
pleased to be associated with the expansion plan of NCMSL in a project that will give
clear benefits to the Indian farmer community."
Globalnewzservice.com
http://globalnewzservice.com/?p=1127
NCMSL raises equity from Rabo Fund and IFC; IFFCO and three
Shareholders also pitch in
Mumbai, May 31, 2011: (Ajay Rawal ) National Collateral Management Services Limited
(NCMSL), the country’s pioneer organization in the private agri-warehousing space is
raising additional equity of Rs. 101.75 crore from IABF (Rabo’s Private Equity arm which
specializes in food and agribusiness), IFC (member of World Bank Group) and four of its
existing shareholders.
The India Agri-Business Fund, (IABF) [promoted by Rabobank] and the International
Finance Corporation (IFC) [member of the World Bank Group] shall be investing Rs
34.50 crore and Rs 27.50 crore respectively. IFFCO would be the largest shareholder
participant with an investment of Rs 23.75 crore.
Three other existing shareholders of NCMSL, viz. Karur Vysya Bank Limited (KVB),
Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) and
National Commodity & Derivatives Exchange Limited (NCDEX) would also be
participating in the additional equity plan to the extent of Rs. 9.15 crore, Rs. 4.85 crore
and Rs 2 crore respectively.
Talking to newsmen here today Mr. Sanjay Kaul, MD & CEO, National Collateral
Management Services Limited said, “NCMSL offers modern, scientific and IT enabled
storage and preservation services with focus on agri commodities. In the last six years
the Company has emerged as a leading player in providing warehousing, collateral
management, testing & certification and weather intelligence services. We plan to deploy
these funds over the next two years to create our own network of warehouses in over
40 locations across the country.”
“The Fund takes pride in committing an investment in agri-warehousing which is
critically deficient in India. The knowledge and inputs from Rabobank and the fund
management team shall help in further growth of NCMSL’s agri-warehousing and
collateral management activities. The project will help in deepening of the commodities
market in India while also enabling liquidity of warehouse receipts and strengthening of
price risk management capabilities of the various stakeholders across the value chain
right from farmers to processors” said Rajesh Srivastava, CMD of Rabo Equity.
Ms. Anita George, Director, Infrastructure, IFC said, “In India, a huge quantity of food
items is wasted annually on account of inadequate agricultural infrastructure including
storage and transportation facilities. This endeavor will have a demonstration effect on
the private sector thereby attracting new private investors into a space currently
dominated by state owned enterprises.”
Dr. G. N. Saxena, Director IFFCO said, “We have been associated with NCMSL right
from its inception and we see a lot of synergy between IFFCO’s operations and the
service portfolio of NCMSL. We are, therefore, pleased to be associated with the
expansion plan of NCMSL in a project that will give clear benefits to the Indian farmer
community.”
Commodityonline.com
http://www.commodityonline.com/commodity-stocks/NCMSL-raising-equities-worth-Rs10175-crore-39508-3-1.html
NCMSL raising equities worth Rs. 101.75 crore
MUMBAI(Commodity Online) : National Collateral Management Services Limited
(NCMSL), India’s pioneer organization in the private agri-warehousing space is raising
additional equity of Rs. 101.75 crore from IABF, IFC and four of its existing
shareholders.
The India Agri-Business Fund, (IABF) [promoted by Rabobank] and the International
Finance Corporation (IFC) [member of the World Bank Group] shall be investing Rs
34.50 crore and Rs 27.50 crore respectively. IFFCO would be the largest shareholder
participant with an investment of Rs 23.75 crore.
Three other existing shareholders of NCMSL, viz. Karur Vysya Bank Limited (KVB),
Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) and
National Commodity & Derivatives Exchange Limited (NCDEX) would also be
participating in the additional equity plan to the extent of Rs. 9.15 crore, Rs. 4.85 crore
and Rs 2 crore respectively.
Speaking on the development, Mr. Sanjay Kaul, MD & CEO, National Collateral
Management Services Limited said, “NCMSL offers modern, scientific and IT enabled
storage and preservation services with focus on agri commodities. In the last six years
the Company has emerged as a leading player in providing warehousing, collateral
management, testing & certification and weather intelligence services. We plan to deploy
these funds over the next two years to create our own network of warehouses in over
40 locations across the country.”
“The Fund takes pride in committing an investment in agri-warehousing which is
critically deficient in India. The knowledge and inputs from Rabobank and the fund
management team shall help in further growth of NCMSL’s agri-warehousing and
collateral management activities. The project will help in deepening of the commodities
market in India while also enabling liquidity of warehouse receipts and strengthening of
price risk management capabilities of the various stakeholders across the value chain
right from farmers to processors” said Rajesh Srivastava, CMD of Rabo Equity.
Anita George, Director, Infrastructure, IFC said, “In India, a huge quantity of food items
is wasted annually on account of inadequate agricultural infrastructure including storage
and transportation facilities. This endeavor will have a demonstration effect on the
private sector thereby attracting new private investors into a space currently dominated
by state owned enterprises.”
Dr. G. N. Saxena, Director IFFCO said, “We have been associated with NCMSL right
from its inception and we see a lot of synergy between IFFCO’s operations and the
service portfolio of NCMSL. We are, therefore, pleased to be associated with the
expansion plan of NCMSL in a project that will give clear benefits to the Indian farmer
community.”