Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 9, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 9, 2010:

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1) Jagran Prakashan May Buy Stake In Mid Day
http://www.dealcurry.com/2010049-Jagran-Prakashan-May-Buy-Stake-In-Mid-Day.htm

Jagran Prakashan Ltd  may pick up stake in Mid Day Multimedia Ltd as part of a possible ' strategic alliance'.

The statement comes a day Blackstone Group said it would invest $50 mn in Jagran Media Network Pvt Ltd, the parent of Jagran Prakashan.

The talks are still only in the preliminary stage of discussion.

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2) Husk Power To Raise $1.25 Mn From IFC
http://www.dealcurry.com/2010049-Husk-Power-To-Raise-1-25-Mn-From-IFC.htm

IFC may invest about $1.25 Mn in Husk Power. Earlier in March'10, Acumen Fund invested $375,000 in Husk Power. Husk Power intends to use the funds to set up around 100 mini plants to provide electricity to more than 125 villages.

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3) Heavy Machinery Corporation Ltd To Acquire HMT-MTL.
http://www.dealcurry.com/2010049-Heavy-Machinery-Corporation-Ltd-To-Acquire-HMT-MTL-.htm

Ranchi based Heavy Machinery Corporation Ltd (HEC) is planning to aquire HMT Machine Tools Ltd for an undisclosed sum to enhance its range of products and services. 

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4) Cipla To Acquire Stake In Stempeutics For Rs 45 Cr
http://www.dealcurry.com/2010049-Cipla-To-Acquire-Stake-In-Stempeutics-For-Rs-45-Cr.htm

Cipla Ltd. may acquire a minority stake in Stempeutics Research for about Rs 45 Cr. Stempeutics has been trying to raise upto Rs 70 Cr by roping in a strategic partner for quite sometime now.

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5) Apax Partners May Invest In Metropolis Healthcare
http://www.dealcurry.com/2010049-Apax-Partners-May-Invest-In-Metropolis-Healthcare.htm

Apax Partners may invest about Rs 200 Cr in Metropolis Healthcare. Apax may buyout ICICI Venture's 25% stake in Metropolis and will invest further cash in the company. ICICI had invested $7.8 Mn for a 25% stake in Metropolis in 2006 through its India Advantage Fund Series I.

TA Associates is also keen in acquiring a stake in Metropolis.

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6) CX Partners Buys Stake In Monnet Ispat
http://www.dealcurry.com/2010049-CX-Partners-Buys-Stake-In-Monnet-Ispat.htm

CX Partners has picked up 8% stake in Monnet Ispat Ltd for Rs 150 cr from the secondary market.

CX bought the stake from a clutch of foreign institutional investors for nearly Rs 390 a share during the last two months. The deal values Monnet Ispat at Rs 1,875 cr against its market capitalisation of Rs 2,083 cr.

As on December 31, 2009, FIIs owned a 33.76% stake in Monnet Ispat.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 8, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 8, 2010:

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1) Emami Looking for Acquisitions
http://www.dealcurry.com/2010048-Emami-Looking-for-Acquisitions.htm

Emami Group is looking for acquisitions in the personal health care segment. The acquisition size could be in the range of  Rs.200 cr and Rs.1500 cr. It is also planning to buyout a company in edible oil business. Rumours are on that Emami is keen to acquire Amrutanjan, however the promoters of Amrutanjan have denied any such developments.

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2) Mphasis To Acquire Fortify Infrastructure Services For $15 Mn
http://www.dealcurry.com/2010048-Mphasis-To-Acquire-Fortify-Infrastructure-Services-For-15-Mn.htm

Mphasis Ltd is acquiring Fortify Infrastructure Services for $15 Mn in an all cash transaction. Avendus Capital was the advisor to Mphasis for this transaction. Earlier in Aug'09, MphasiS acquired the captive unit of AIG (AIG Systems Solutions) which provides IT services and solutions to AIG companies worldwide for an undisclosed amount.

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3) Bharat Serums Raises PE Funding From OrbiMed
http://www.dealcurry.com/2010048-Bharat-Serums-Raises-PE-Funding-From-OrbiMed.htm

Bharat Serums And Vaccines Ltd. has raised an undisclosed amount of funding from OrbiMed Advisor LLC. The investment was routed through Caduceus Asia Mauritius Ltd.This is OrbiMed's second investment in India. Earlier in Dec'09, it invested in Ecron Acunova.

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4) Veesons Energy To Raise PE Funding
http://www.dealcurry.com/2010048-Veesons-Energy-To-Raise-PE-Funding.htm

Veesons Energy Systems Pvt. Ltd. is looking to raise PE funding for its expansion plans. The company plans to invest upto Rs 150 Cr in the next three years part of which could be raised from PEs.

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5) Ackruti City To Raise Rs 250 Cr
http://www.dealcurry.com/2010048-Ackruti-City-To-Raise-Rs-250-Cr.htm

Ackruti City Ltd plans to raise Rs 250 cr on an immediate basis to finance 3-4 of projects that the company plans to launch soon.

The company is in talks to sell stakes in SPVs formed for projects costing $60-150 mn to private equity firms.

Ackruti City has also sought SEBI's approval for its proposed Rs 400-500 cr real estate VC fund for which it has roped in Pacifica Fund and Beekman Helix as partners.

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6) Pipavav Shipyard Raises $40 Mn From Valiant Fund
http://www.dealcurry.com/2010048-Pipavav-Shipyard-Raises-40-Mn-From-Valiant-Fund.htm

Valiant Funds of the United States has invested $40 mn in Pipavav Shipyard by subscribing to compulsorily convertible debentures in the company.

Pipavav Shipyard will use the funds to finance a potential buyout of an offshore shipping company in Europe.

Pipavav issued 2.54 cr unsecured debentures at Rs 70 to Valiant Mauritius Partners and Valiant Mauritius Partners Offshore. The debentures can be converted into equity in a year.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 7, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 7, 2010:

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1) YOU Broadband To Raise Funds Via IPO
http://www.dealcurry.com/2010047-YOU-Broadband-To-Raise-Funds-Via-IPO.htm

YOU Broadband and Cable India ltd is planning to raise Rs.3585 mn through IPO. It has a Pre-IPO placement of up to 90 mn Equity Shares.Edelweiss capital Ltd is the BRLM to the issue.It plans to utilize the funds for the company’s CAPEX, acquisition of additional equity shares in Digital Outsourcing Private Limited, for purchase of set-top boxes, head-end equipments, software, and other related equipments from Digital Outsourcing Pvt Ltd. for repayment of outstanding loan.

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2) Blackstone To Invest $50 Mn In Jagran Media
http://www.dealcurry.com/2010047-Blackstone-To-Invest-50-Mn-In-Jagran-Media.htm

Blackstone Group is investing $50 Mn in Jagran Media Network Pvt. Ltd., which will hold majority share in Jagran Prakashan Ltd.

This announcement comes within a month of Independent News & Media Investments Ltd.(INM) selling 7.5% stake in Jagran Prakashan for Rs 255 Cr to domestic and foreign funds.

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3) ICOMM Files The DRHP With SEBI
http://www.dealcurry.com/2010047-ICOMM-Files-The-DRHP-With-SEBI.htm

ICOMM Tele Limited plans to raise upto Rs 200Cr via fresh issue. The issue will also comprise of the offer for sale of 1.978mn shares by Isitva Ventures Pvt. Ltd., a group company.
The company also considers pre-IPO Placement of up to Rs.50Cr.
Sumanth Paturu is a promoter of the company and IVPL is the promoter group of the company.Edelweiss Capital Ltd and Antique Capital Markets Pvt Ltd are the managers to the issue. The proceeds of the issue will be utilized for funding long term Working Capital needs, Capex including purchase of capital equipments for R&D and for Oil & Gas division, the establishment of a tower testing facility, the automation of solar assembly lines, the repayment of long term loan and general corporate needs.

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4) Tessolve Services Raises C Funding From Reliance Venture Asset Management
http://www.dealcurry.com/2010047-Tessolve-Services-Raises-C-Funding-From-Reliance-Venture-Asset-Management.htm

Tessolve Services has raised series C funding from Reliance Venture Asset Management and its existing investors - Jafco Asia, Qualcomm Ventures and Applied Ventures.

The company intends to use the proceeds for organic and inorganic growth.

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5) Ravi Kumar Distilleries To Go Public; Files DRHP
http://www.dealcurry.com/2010047-Ravi-Kumar-Distilleries-To-Go-Public-Files-DRHP.htm

Ravi Kumar Distilleries Limited plans to raise funds through IPO by issuing 11.5 Mn equity shares.

The company plans to dilute 47.92% of its post issue capital.

The issue will be managed by Comfort Securities Pvt Ltd.

The funds will be used to expand the existing capacity of its manufacturing unit, instillation of re-distillation plant, part finance marketing and branding and for its working capital requirements.

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6) SEBI Cuts Down Listing Time For IPOs to 12 Days
http://www.dealcurry.com/2010047-SEBI-Cuts-Down-Listing-Time-For-IPOs-to-12-Days.htm

SEBI has proposed to cut down the listing time for companies from existing 22 days to 12 days. This new rule will be effective from May 1.

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7) Share Microfin Raises Rs 100 Cr From SIDBI
http://www.dealcurry.com/2010047-Share-Microfin-Raises-Rs-100-Cr-From-SIDBI.htm

SHARE Microfin has raised Rs 100 Cr by issuing 8-year redeemable Non-Convertible Debentures on a private placement basis to SIDBI. The issue has been graded as LBBB by ICRA.

The issue consisted of 1,000 redeemable, transferable, unsecured, NCDs of Rs 10 lakh each.

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8) GCPL Finalizes Aquisition of Megasari Makmur
http://www.dealcurry.com/2010047-GCPL-Finalizes-Aquisition-of-Megasari-Makmur.htm

Godrej Consumer Products Ltd is acquiring Megasari Makmur Group and its distribution company - Intrasari Raya for an undisclosed sum.

In January, DealCurry had reported that the deal is estimated to be worth Rs 1,200-1,400 cr.  

Godrej said the acquisition will help to strengthen its presence in Asia, Africa and Latin America through 3 core categories--home care, personal wash and hair care.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 6, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 6, 2010:

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1) Brahma Management To Invest $7.5 Mn In Cobra India
http://www.dealcurry.com/2010046-Brahma-Management-To-Invest-7-5-Mn-In-Cobra-India.htm

Brahma Management may acquire 50% stake in Cobra Indian Beer Pvt. Ltd for about $7.5 Mn.Cobra Beer has hired Grant Thornton London to advise on the deal.

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2) Greenko Acquires L V S Power
http://www.dealcurry.com/2010046-Greenko-Acquires-L-V-S-Power.htm

Greenko Group is acquiring LVS Power, which will increase the Greenko's natural gas energy generation capacity by 117 MW.  The total secured capacity of Greenko will increase from 470 MW to 587 MW. The deal size is expected to $107 .89 Mn which includes the acquisition cost and the capex required to installation  of $85 MW additional capacity.Greenko plans to finance three fourth of this through debt and the balance through cash.

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3) ValueFirst Messaging Acquires Tagg.in
http://www.dealcurry.com/2010046-ValueFirst-Messaging-Acquires-Tagg-in.htm

ValueFirst Messaging has acquired a majority stake in social media firm - Tagg.in. This is Valuefirst's second acquistion in a fortnight.

Earlier in March'10, it acquired telecom software company - Packet Shapers Technologies Pvt. Ltd. for an undisclosed amount in an all cash transaction.

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4) Religare May Acquire SpiceJet
http://www.dealcurry.com/2010046-Religare-May-Acquire-SpiceJet.htm

Religare is looking to buy a majority stake in SpiceJet while the acquistion talks between Kalanithi and the promoters seems to have fallen through over valuation differences.If the deal strikes, the acquisition will be through Religare Voyages Ltd.
Rumour has it that Religare is offering between Rs 70 and Rs 75 per share of the airline.

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5) Sequoia Invests $5 Mn In Druva Software
http://www.dealcurry.com/2010046-Sequoia-Invests-5-Mn-In-Druva-Software.htm

Druva Software has raised $5 Mn from Sequoia Capital and Indian Angels Network in its latest round of funding.
Druva Software will use the proceeds to build sales and marketing teams across Europe & United States.  

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6) Nalanda India Invests Rs 24.47 Cr In Supreme Industries
http://www.dealcurry.com/2010046-Nalanda-India-Invests-Rs-24-47-Cr-In-Supreme-Industries.htm

Nalanda India Fund has bought 499,408 shares of Supreme Industries Ltd. in an bulk deal for Rs 24.47 Cr. The shares were bought at Rs 490 a piece. One of the sellers was Anuj Anantrai Sheth(HUF).

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7) Ankur Drugs will acquire TVC Life Sciences.
http://www.dealcurry.com/2010046-Ankur-Drugs-will-acquire-TVC-Life-Sciences-.htm

Ankur Drugs and Pharma Ltd is acquiring TVC Life Sciences Ltd. The deal size has not been disclosed.TVC Lifesciences has two range of products Bright Forever and Young Forever.It prepares Scientific Formulations for anti-ageing, wrinkles, dark circle & complete skin care.

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8) SUUTI To Sell 17% Stake In Stock Holding Corporation
http://www.dealcurry.com/2010046-SUUTI-To-Sell-17-Stake-In-Stock-Holding-Corporation.htm

The Special Undertaking of UTI is looking to sell its entire 17% stake in Stock Holding Corporation of India for about Rs 300 Cr. It the deal goes through at this price, it will value SHCIL at Rs 1765 Cr.

It will first offer the shares to its existing shareholders. It's current shareholders includes IDBI Bank, ICICI Bank, IFCI, GIC and LIC.

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9) Jacob Ballas Invests Rs 152 Cr In SEW Infrastructure
http://www.dealcurry.com/2010046-Jacob-Ballas-Invests-Rs-152-Cr-In-SEW-Infrastructure.htm

SEW Infrastructure Limited has raised Rs 152 cr from Jacob Ballas Capital India Pvt Ltd.

The investment was made from NYLIM (New York Life International) Jacob Ballas India Fund III, Llc.

SEW will use the funds to meet its capital expenditure and working capital requirements and also to part-finance the equity contribution for its five hydro-power projects to be developed in separate SPVs.

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10) IFC Invests Rs 100 Cr In Cholamandalam DBS Finance
http://www.dealcurry.com/2010046-IFC-Invests-Rs-100-Cr-In-Cholamandalam-DBS-Finance.htm

IFC is acquiring 9.92% stake in Cholamandalam DBS Finance Ltd. for Rs 100.23 Cr, valuing the company at Rs 1010.38 Cr. Cholamandalam will issue 1.09 Mn preferential shares to IFC at Rs 92 a piece. This investment in CDFL will improve its CAR and liquidity position.

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11) Welspun Gujarat To Acquire 50% in Aziz Pipe Company.
http://www.dealcurry.com/2010046-Welspun-Gujarat-To-Acquire-50-in-Aziz-Pipe-Company-.htm

Welspun Gujarat Stahl Rohren will acquire more than 50% in Saudi Arabia-based Aziz Pipe Company for an estimated Rs 260 cr. Aziz Pipe would hive off assets into a separate entity Welspun Middle East in which Welspun Gujarat would share its stake.
Welspun Gujarat is the manufacturer of Large Diameter Line Pipes. It also manufactures high-end specialized plates and coils from its 1.5 million tonne plate-cum-coil Mill in India. There are only three Mills of its kind in the World.

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12) Reliance Big Buys 50% Stake in Codemasters
http://www.dealcurry.com/2010046-Reliance-Big-Buys-50-Stake-in-Codemasters.htm

Reliance Big Entertainment Ltd plans to acquire 50% stake in British gaming company Codemasters.

Zapak Digital Entertainment - the gaming division of Reliance Big will oversee the said investment in Codemasters.Codemasters, founded by two brothers- Richard and David Darling in 1986, has annual sales of over $150 mn. The company is famously known for its Lord of the Rings Online, Colin McRae Rally and Formula One games.
 

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