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1) Reliance Industries Buys 95% Stake In Infotel Broadband
http://www.dealcurry.com/20100611-Reliance-Industries-Buys-95-Stake-In-Infotel-Broadband.htm
Reliance Industries has bought 95% stake in Infotel Broadband Services for Rs.4,800 Cr. Infotel will issue fresh equity shares to RIL. Infotel, promoted by Anant Nahata of HFCL, has won pan India Broadband Wireless Access spectrum license for 22 circles for around Rs 12,848 crore ($2.7 billion).
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2) Nexus' Second Agro Investment - Commodity Warehousing Firm, Sohan Lal
http://www.dealcurry.com/20100611-Nexus-Second-Agro-Investment-Commodity-Warehousing-Firm-Sohan-Lal.htm
Sohan Lal Commodity Management (SLCM) has raised Rs.10 Cr from Nexus Venture Partners. SLCM will use the funds to expand its presence and warehousing capacity.SLCM provides agri-commodity warehouse management and procurement solutions.Sandeep Singhal of Nexus Venture Partners will join SLCM's board.
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3) Firstsource May Acquire Barclaycard's Teesside Centre
http://www.dealcurry.com/20100611-Firstsource-May-Acquire-Barclaycard-s-Teesside-Centre.htm
Firstsource Solution is set to buy Barclaycard's cutomer service centre in Teesside, UK.
If the deal is finalised, Firstsource will take over assets of the centre and deliver customer care for Barclays bank’s credit card and payments business in UK.
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4) Gensol Launches Rs 350 Cr Renewable Energy Focused Fund
http://www.dealcurry.com/20100611-Gensol-Launches-Rs-350-Cr-Renewable-Energy-Focused-Fund.htm
Gensol Consultants Private Limited has raised a Rs 350 Cr fund - Gensol renewable energy Fund. The amount for the fund has been raised both through internal accruals as well as from institutional investors who look to gain from carbon trading.
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5) SK Telecom May Acquire 26% In Videocon Telecommunication
http://www.dealcurry.com/20100611-SK-Telecom-May-Acquire-26-In-Videocon-Telecommunication.htm
Korea based - SK Telecom may acquire a 26% stake in Videocon Telecommunications Ltd. The Dhoot Family wants $767 Mn for the stake, valuing the company at $2.9 Bn. The funds will be used for expansion.
The Dhoot family was in talks with UAE based Etisalat, Turkey based Turkcell and Vivendi SA, but the deal failed over valuation differences.
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6) Orchid Chemicals To Acquire US- Based Karalex Pharma
http://www.dealcurry.com/20100611-Orchid-Chemicals-To-Acquire-US-Based-Karalex-Pharma.htm
Orchid Chemicals & Pharmaceuticals Limited will acquire US- based Karalex Pharma LLC in an all cash deal for an undisclosed amountOrchid Chemicals is planning to file for 50 new U.S. FDA approvals by March 2012. The acquisition will be beneficial to Orchid as it plans to enter the US market on it own in the near future.
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7) HCC To Raise Rs 500 Cr For Infrastructure Projects
http://www.dealcurry.com/20100611-HCC-To-Raise-Rs-500-Cr-For-Infrastructure-Projects.htm
HCC is planning to raise upto Rs 500 Cr by selling 20-30% stake in its infrastructure arm - HCC Infrastructure Ltd. It has already initiated talks with domestic and foreign infrastructure funds. A deal is expected in three months.
The funds will be used by HCC to fund its capex requirements.
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8) IL&FS PE May Invest Rs.300 Cr in Orbit Corp's SPV
http://www.dealcurry.com/20100611-IL-FS-PE-May-Invest-Rs-300-Cr-in-Orbit-Corp-s-SPV.htm
Orbit Corporation to sell stake in one of its Nepean Sea Road projects for around Rs.300 Cr to IL&FS Private Equity Fund.
Orbit is also planning to raise Rs.1000 Cr through QIP and Rs.1000 Cr through guarantees to fund its capex plans as it is looking to buy land banks at Matunga, Sion, Khetwadi, Opera House, Malabar Hill, Cooperage, Cuff Parade and Colaba.
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