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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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