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1) Cipla To Acquire Stakes In Two BioTech Companies
http://www.dealcurry.com/20100615-Cipla-To-Acquire-Stakes-In-Two-BioTech-Companies.htm
Cipla is acquiring stakes in 2 BioTech companies. It is acquiring 40% stake in Indian biotech company and 25% stake in Hong Kong based biotech company through subscription of fresh shares.
The acquisition of the unknown Indian biotech company will give Cipla the rights to market all its products in India and in international markets.
The international acquisition will be made through Cipla’s wholly owned overseas subsidiary. The biotech company is setting up a state of the art facility for biosimilar products in Shanghai. The total investment for both the companies is estimated to be about $ 65 Mn in a phased manner over a period of 3 years.
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2) Star India To Exit Balaji Telefilms
http://www.dealcurry.com/20100615-Star-India-To-Exit-Balaji-Telefilms.htm
Star India is selling its 26% stake in Balaji Telefilms. Reliance Big Entertainment may buy the stake in the television content service provider.
If the transaction goes through, Reliance Big Entertainment will have to make a mandatory open offer to buy another 20% stake in the company.
Star India had acquired the stake through its affiliate Asian Broadcasting FZ-LLC for Rs 123 Cr in 2004.
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3) FrontPoint Management Picks Up More Shares in Parkway Holdings
http://www.dealcurry.com/20100615-FrontPoint-Management-Picks-Up-More-Shares-in-Parkway-Holdings.htm
UK-based FrontPoint Management LLP - a unit of Morgan Stanley Asia - has bought 110,000 shares of Fortis Healthcare- controlled Singapore's Parkway Holdings from the open market for S$ 3.85 a share.Morgan Stanley Asia is acting as independent advisor to the Parkway board on the share purchase offer made by Malaysian investment firm Khazanah.
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4) Fatipe Network Withdraws IPO On Poor Response
http://www.dealcurry.com/20100615-Fatipe-Network-Withdraws-IPO-On-Poor-Response.htm
Fatpipe Networks has withdrawn its initial public offer (IPO) due to poor response.It received only 88% of the subscription till the close of the issue yesterday.Fatpipe manufactures a range of appliances based on its technology for data transmission over multiple lines that provides highly reliable and redundant Internet/Intranet access solution available. It also offers data security with encryption protocols.
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5) RCom To Sell Stake In Reliance Infratel After Restructuring
http://www.dealcurry.com/20100615-RCom-To-Sell-Stake-In-Reliance-Infratel-After-Restructuring.htm
Reliance Communications Limited plans to restructure its telecom towers arm, Reliance Infratel Limited to pass on ownership to a strategic investor.The company is in talks with potential buyers’ i.e American Tower Company, GTL Infrastructure and a consortium of PE Blackstone and Crown Castle International.RComm’s residual 95% stake in RTIL is valued at $6.40 Bn.
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6) SBI Buys Back 13.84% Stake In SBICAPS From ADB
http://www.dealcurry.com/20100615-SBI-Buys-Back-13-84-Stake-In-SBICAPS-From-ADB.htm
SBI is buying back its 13.84% stake in SBI Capital Markets Limited from ADB. ADB had acquired the 13.84% stake in SBICAPS in Jan'97 for $21.2 Mn. Post transaction, SBI CAPS will operate as a wholly owned subsidiary of SBI.
ADB had acquired the stake as a part of its efforts to provide specific assistance toward privatisation of public sector enterprises.
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