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1) UCO Bank Plans FPO For Rs 500 Cr
http://www.dealcurry.com/20100614-UCO-Bank-Plans-FPO-For-Rs-500-Cr.htm
UCO Bank is planning to raise Rs.500 Cr through follow-on public offer in July by issuing six crore equity shares.The money raised will be utilized for its expansion.Recently, Government of India has approved the infusion of Rs.375 Cr into UCO Bank.
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2) Reliance Venture Invests In Gradatim IT Ventures
http://www.dealcurry.com/20100614-Reliance-Venture-Invests-In-Gradatim-IT-Ventures.htm
Gradatim IT Ventures has raised Series A round of funding from Reliance Venture. The investment is reported to be between $7-9 mn.Bangalore based Gradatim IT Ventures (India) Pvt Ltd is a privately held IT company with operations in India, Australia, Singapore and Dubai with focus on Business Process Utility (BPU) providing services across the banking and insurance industries, especially microfinance space. Gradatim’s clients include MFIs and NBFC’s, Insurance providers across Asia, Australia and Dubai.
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3) IBM To Acquire Indian Software Companies
http://www.dealcurry.com/20100614-IBM-To-Acquire-Indian-Software-Companies.htm
IBM is looking for acquisitions for about $20 bn in India and across the globe for over five years.In India, it is targeting companies with proprietary software products that cater to small and medium enterprises (SMEs).
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4) Sun TV's Maran To Buy Stake In SpiceJet From Kansagra and Wilbur Ross
http://www.dealcurry.com/20100614-Sun-TV-s-Maran-To-Buy-Stake-In-SpiceJet-From-Kansagra-and-Wilbur-Ross.htm
Kalanithi Maran of Sun TV Network Ltd is set to buy 37.75% stake in SpiceJet Ltd for around Rs.800 Cr from Bhupendra (Bhulo) Kansagra and Wilbur L. Ross.The stake will be bought through Maran’s personal capacity and through its holding company KAL Airways.Maran, will make an open offer to SpiceJet’s minority shareholders to acquire an additional 20% stake from today.
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5) Infosys Plans Small Acquisitions in Europe
http://www.dealcurry.com/20100614-Infosys-Plans-Small-Acquisitions-in-Europe.htm
Infosys Technologies is planning for small acquisitions in France and Germany to expand its footprint in European markets. Infosys wants to penetrate in sectors like manufacturing and retail in Europe through inorganic growth.
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6) SREI Equipment Finance To Raise $50 Mn Through ECBs
http://www.dealcurry.com/20100614-SREI-Equipment-Finance-To-Raise-50-Mn-Through-ECBs.htm
Srei Equipment Finance Private Limited plans to raise $50 Mn through ECBs from DBS Bank Limited.
The money would be repaid over a period of 7 years and the average cost is around 8%.SREI BNP Paribas is expecting fresh disbursal of Rs 9,000-Rs 10,000 Cr during FY11.
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7) Dhanalaxmi Bank To Raise Rs 350 Cr Through QIP
http://www.dealcurry.com/20100614-Dhanalaxmi-Bank-To-Raise-Rs-350-Cr-Through-QIP.htm
Dhanalaxmi Bank is planning to raise Rs 350 Cr by diluting 23% of its equity through qualified institutional placement (QIP) in third week of July.The funds raised will be utilized for its business growth.IDFC-SSKI and JM Financial are investment bankers for bank’s QIP.
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8) New Bombay Printing & Dyeing Mills To Acquire Perfect Octave
http://www.dealcurry.com/20100614-New-Bombay-Printing-Dyeing-Mills-To-Acquire-Perfect-Octave.htm
New Bombay Printing & Dyeing Mills Limited plans to acquire Perfect Octave Private Limited for an undisclosed sum.The company plans to enter in the media business making the acquisition of strategic importance.Perfect Octave, promoted by Ratish Tagde, is an event management company in the music segment.
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