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1) IFC Invests $10 Mn In Azure Power
http://www.dealcurry.com/20100322-IFC-Invests-10-Mn-In-Azure-Power.htm
IFC has invested $10 Mn in Azure Power. Existing investors, Helium Venture Partners and Foundation Capital have also participated in this round of funding. It intends to use the proceeds to build several power plants.Azure Power has also received investments from Helium Venture Partners and Foundation Capital in September 2008.
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2) UB Group To Offload Stake In Aventis To Hoechst GmbH
http://www.dealcurry.com/20100322-UB-Group-To-Offload-Stake-In-Aventis-To-Hoechst-GmbH.htm
United Breweries Group plans to sells its 10.27% stake in Aventis Pharma Ltd to the parent company- Hoechst GmbH.
Hoechst plans to acquire shares from Kingfisher Finvest, United Breweries (Holdings), McDowell Holdings and Mallya Private Ltd at Rs1,750 a share.
The acquisition is likely to be completed on or after March 30.
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3) Bharti Airtel Raises $8.3 bn Through Debt To Finance Zain Deal
http://www.dealcurry.com/20100322-Bharti-Airtel-Raises-8-3-bn-Through-Debt-To-Finance-Zain-Deal.htm
Bharti Airtel has arranged $8.3 bn from a clutch of foreign banks and SBI to fund the acquisition of Zain telecom's African assets.
Bharti's lead arranger and lead adviser Standard Chartered Bank has committed the highest amount at $1.3 bn followed by $0.9 bn by Barclays.
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4) Yes Bank To Raise $80mn For Clean Tech Fund
http://www.dealcurry.com/20100322-Yes-Bank-To-Raise-80mn-For-Clean-Tech-Fund.htm
Yes Bank plans to raise $80mn within 2-3 months in the first round of fund raising for its clean tech fund.
The bank is partnering with Global Environment Fund for the cleantech fund which has a total corpus of $ 200mn.
The fund aims to invest in small-and-medium enterprises in Southeast Asia and India.
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5) Prajay Engineers To Raise $150mn Through FCCBs
http://www.dealcurry.com/20100322-Prajay-Engineers-To-Raise-150mn-Through-FCCBs.htm
Prajay Engineers Syndicate Ltd has passed an enabling resolution that would help it raise up to $150 mn by issue of FCCBs. The company will use the funds to finance its expansion plans.
Prajay Engineers also plans to increase authorized share capital from Rs 90cr to Rs 250cr.
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6) Shree Ganesh Raises Rs 65 Cr From Anchor Investors
http://www.dealcurry.com/20100322-Shree-Ganesh-Raises-Rs-65-Cr-From-Anchor-Investors.htm
Shree Ganesh Jewellery House Ltd. has received anchor investment from IFCI, Bank of Muscat India Fund and India Max Investment Fund. The achor investors bought the stakes at Rs 260 each.Industrial Financial Corporation of India has bought 11.53 lakh shares for Rs 30 Cr. Bank Muscat India Fund and India Max Investment Fund bought 9.61 lakh and 3.84 lakh shares each out of the total 24.98 lakh shares reserved for anchor investors. Muscat India Fund and India Max Investment Fund invested Rs 25 Cr and Rs 10 Cr respectively.
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7) Tata Motors To Sell Its Stake In Telco Construction Equipment To Hitachi
http://www.dealcurry.com/20100322-Tata-Motors-To-Sell-Its-Stake-In-Telco-Construction-Equipment-To-Hitachi.htm
Tata Motors Ltd is selling its 60% stake in Telco Construction Equipment Co. Ltd. to its partner Hitachi Construction Machinery Co. Ltd for an undisclosed amount. The deal is likely to be completed in next three months. The estimated value of Tata’s stake in Telco is Rs 1,800 Cr.Telcon was set up as a wholly owned subsidiary of Tata Motors in 1999 after the company spun off its construction equipment division. In 2000, Tata Motors divested a 20% stake in the company to Hitachi with the objective of bringing in newer technologies. Subsequently, the Japanese partner doubled its stake to 40% in 2006 for Rs203.55 crore
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