PE VC M&A News from India

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Tuesday, June 22, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 21, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 21, 2010:

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1) Maytas Infra To Sell 20% To SBG Projects Via Share Issue
http://www.dealcurry.com/20100621-Maytas-Infra-To-Sell-20-To-SBG-Projects-Via-Share-Issue.htm

SBG Projects Investments Limited will pick up 20% stake in Maytas Infra Limited for 300 Cr.

The company will pay around Rs 195.30 per share for 15.46 Mn shares to be issued on a preferential allotment basis.

The deal will make Mauritius-registered SBG Projects a co-promoter in Maytas.

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2) IDFC AMC May Sale 26% Stake To Foreign Investor
http://www.dealcurry.com/20100621-IDFC-AMC-May-Sale-26-Stake-To-Foreign-Investor.htm

IDFC Asset Management Co. Ltd is looking for global fund manager as a strategic partner by diluting 26% stake.This strategic partner will either manage the fund or advise foreign flow of funds into the Indian equity market.IDFC acquired the asset management company in March 2008 from Standard Chartered Bank for $205 mn (Rs.820 Cr). It had paid 5.67% of the then total AUM of Rs.14,141 Cr.

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3) Jyothy Laboratories To Raise Rs 300 CR Through QIP
http://www.dealcurry.com/20100621-Jyothy-Laboratories-To-Raise-Rs-300-CR-Through-QIP.htm

Jyothy Laboratories Ltd has announced to raise Rs.300 Cr via QIP.
The company will use the fund for its expansion plans.
FMCG firm, Jyothy Labs is engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito coils,  incense sticks and personal care products. It is known for its flagship brand ‘Ujala’.

The company has 21 manufacturing facilities in 14 locations across India.

It reported consolidated net sales of Rs.598 Cr for 2009-10 with net profit of Rs.74.3 Cr for the same period.
 

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4) Ashoka Buildcon Files DRHP With SEBI
http://www.dealcurry.com/20100621-Ashoka-Buildcon-Files-DRHP-With-SEBI.htm

Ashoka Buildcon Ltd has filed DRHP with SEBI to raise Rs.225 Cr through IPO.The IPO comprises of a fresh issue of 81 lakh shares.The proceeds will be used to invest in one of its subsidiaries, Ashoka Highways (Bhandara) Ltd, for its working capital requirements, capex plans and to repay outstanding loans of its subsidiaries.IDFC-SSKI, Enam Securities and Kotak Mahindra Capital are book running lead managers to the issue.

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5) BSE Acquires 16% Stake In CDSL
http://www.dealcurry.com/20100621-BSE-Acquires-16-Stake-In-CDSL.htm

BSE has acquired an additional 16% stake in Central Depository Services Limited for Rs 84-92 Cr from HDFC Bank(7%), Bank of Baroda(4.5%) and Bank of India(4%). This deal values the depository at Rs 522-575 Cr.

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6) CIPCL To Sell Stake in Bhadrawati Power Project
http://www.dealcurry.com/20100621-CIPCL-To-Sell-Stake-in-Bhadrawati-Power-Project.htm

Central India Power Company Limited plans to sell stake in proposed 1,082MW coal-based power plant in Bhadrawati in Maharashtra for which the Aditya Birla Group, Hinduja Group, Reliance Industries and Jaypee Group have bid.

CIPCL has appointed SBI Capital Markets to find a strategic partner to build the 1,000-MW power station. The project is estimated to cost around $1 Bn.
 

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7) SPML Infra To Raise PE Funding For Bhiwandi Water Project
http://www.dealcurry.com/20100621-SPML-Infra-To-Raise-PE-Funding-For-Bhiwandi-Water-Project.htm

SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project.

The company has created a SPV - SPML Bhiwandi Water Supply Infra Limited for the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13. The company has started negotiations with US based Water Asset Management and Veolia Water for the funds.

SBI Capital Markets is advising SPML on the deal.

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