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1) Orbit Corp To Acquire Real Estate Developer Anaya Infrastructure
http://www.dealcurry.com/20100618-Orbit-Corp-To-Acquire-Real-Estate-Developer-Anaya-Infrastructure.htm
Orbit Corporation has announced to acquire 100% stake in Anaya Infrastructure Pvt Ltd.Orbit's board has also approved to raise Rs.1000 Cr through QIP by diluting 20% stake in the company. It has also proposed to raise the borrowing limit of the company from Rs.1000 Cr to Rs.2000 Cr.Incorporated in 2007, Mumbai based real estate developer, Anaya Infrastructure is promoted by Sanjay M Pihulkarg and Amarjee B Jha. The company constructs and develops commercial, residential, institutions, educational campuses and other real estate properties.
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2) RCom May Sell Telecom and Fibre Optic Business To RIL
http://www.dealcurry.com/20100618-RCom-May-Sell-Telecom-and-Fibre-Optic-Business-To-RIL.htm
Reliance Communications is planning to sell its fibre optic cables and telecom tower businesses to Reliance Industries (RIL).If the deal materializes as per rumour, RCOM may also provide infrastructure and back-end support to RIL's telecom business.
RIL will use RCom’s tower and fibre optic business for its broadband and telecom business.
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3) Shriram Transport Plans Rs 500 Cr NCD
http://www.dealcurry.com/20100618-Shriram-Transport-Plans-Rs-500-Cr-NCD.htm
Shriram Transport Finance is planning to raise up to Rs.500 Cr through Non Convertible Debentures (NCDs) inorder to bring down its exposure on floating credit.This will be Shriram's third NCD since 2009. It raised around Rs.1000 Cr in July 2009 and another Rs.500 Cr in May 2010. By end of 2010, it is planning another Rs.500 Cr NCD.
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4) Religare To Buy AMCs In US
http://www.dealcurry.com/20100618-Religare-To-Buy-AMCs-In-US.htm
Religare Enterprises Limited plans to buy 51-74% stake in a couple of boutique asset management companies in the US and merge their corpus with its own in future.In 2010-11, Religare expects to get about $14 Bn of assets under control from the planned series of buyouts.
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5) Cognizant Acquires Paris Based IT Testing Firm - Galileo Performance
http://www.dealcurry.com/20100618-Cognizant-Acquires-Paris-Based-IT-Testing-Firm-Galileo-Performance.htm
Cognizant Technology Solutions has acquired Paris based IT testing and consulting company - Galileo Performance.
Galileo Performance is a consulting firm dedicated to the measurement, management and continuous optimization of IT system performance.Last year in Oct, Cognizant acquired UBS India Service Centre, a captive unit of Swiss based UBS for about $75 mn.
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6) Pipavav Shipyard May Sell Strategic Stake to RIL
http://www.dealcurry.com/20100618-Pipavav-Shipyard-May-Sell-Strategic-Stake-to-RIL.htm
Reliance Industries may take 26% stake in Pipavav Shipyard through a preferential issue.
PSL promoter Nikhil Gandhi plans to issue 26% to a strategic investor who will be from the oil and gas industry.The investor will have to make an open offer at the same price after the deal.
Currently the promoter group holds 39.56% in PSL. They recently bought 19.6% from Punj Lloyd, which was a co-promoter in the company. It is bringing a new partner to replace Punj Lloyd's skills.
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7) Brigade Enterprises To Raise Rs 750 Cr For Hospital And Retail Vertical Expansion
http://www.dealcurry.com/20100618-Brigade-Enterprises-To-Raise-Rs-750-Cr-For-Hospital-And-Retail-Vertical-Expansion.htm
Brigade Enterprises is raising up to Rs.750 Cr through issue of equity-based securities by public or private offering / or qualified institutional placement / or preferential share allotment.The funds will be utlilised for its expansion in hospital and retail verticals.Company is also planning to raise Rs.500 Cr through private equity for its expansion plans by selling some stake in its hospitality subsidiary, Brigade Hospitality Services.J P Morgan is the lead manager for PE deal which is expected by August end.
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8) HAFED To Pick 15% stake in Ahmedabad Commodity Exchange
http://www.dealcurry.com/20100618-HAFED-To-Pick-15-stake-in-Ahmedabad-Commodity-Exchange.htm
Haryana State Cooperative Supply & Marketing Federation Limited plans to pick up 15% stake in the Ahmedabad Commodity Exchange Limited.Ahmedabad Commodity Exchange promoted by Kotak Group is recognized for trading castorseed, cottonseed, cottonseed oil & oilcake. Kotak bought 51% stake in the bourse becoming the anchor investor.
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