PE VC M&A News from India

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Thursday, April 8, 2010

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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