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1) GCPL To Raise Upto $150 Mn To Fund Acquisitions
http://www.dealcurry.com/2010064-GCPL-To-Raise-Upto-150-Mn-To-Fund-Acquisitions.htm
Godrej Consumer Products Ltd is planning to raise upto $150 Mn by diluting 6% stake via QIP. This funds will be use to fund the acquisitions.
GCPL is raising about Rs 3000 Cr for funding acquisitions mainly through debt. The funds were to be raised as and when acquisitions materialise.
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2) IFC May Invest $2.25 Mn In Swadhaar MFI For A 20% Stake
http://www.dealcurry.com/2010064-IFC-May-Invest-2-25-Mn-In-Swadhaar-MFI-For-A-20-Stake.htm
IFC may invest $2.25 Mn in Swadhaar FinServe Pvt Ltd for a 20% stake, valuing the MFI close to $11.25 Mn.
Swadhaar Finserve intends to use the funds to expand its operations in Rajasthan and MP.In 2008, Swadhaar raised funding from ACCION Gateway Fund, Micheal & Susan Dell Foundation and Unitus Equity Fund.
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3) Reliance Industries To Raise $1 Bn Loan
http://www.dealcurry.com/2010064-Reliance-Industries-To-Raise-1-Bn-Loan.htm
Reliance Industries has announced to raise $1 Bn.
Reliance is raising money to fund its expansion in the KG Basin. Even though the company has a cash balance of around $4.5 bn, the company has decided to raise funds as it was available at competitive price.
Reliance is looking a seven year period loan with below 200 basis points (bps) all-in for which bids are due today.
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4) Rabobank May Offload Stake in Yes Bank
http://www.dealcurry.com/2010064-Rabobank-May-Offload-Stake-in-Yes-Bank.htm
Rabobank is planning to offload its 15.9% stake in Yes Bank Ltd, inorder to start its own branch in India.
As per Indian banking regulations, a foreign bank that holds a stake in a domestic bank cannot simultaneously operate a branch network in the country.
Rabobank International Holding BV has started negotiations with investors for its stake sale and may take place in phased manner due to more than one investor.
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