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1) Tata Motors To Raise Rs. 2500 Cr To Repay Debt
http://www.dealcurry.com/20100624-Tata-Motors-To-Raise-Rs-2500-Cr-To-Repay-Debt.htm
Tata Motors is planning to raise Rs.2500 Cr through GDR’s, foreign currency convertible bonds (FCCBs) or QIP.The fund will be used to reduce its debt and improve its debt-equity ratio.
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2) M S Banga Joins PE Firm Clayton, Dubilier & Rice, LLC As Operating Partner
http://www.dealcurry.com/20100624-M-S-Banga-Joins-PE-Firm-Clayton-Dubilier-Rice-LLC-As-Operating-Partner.htm
Manvinder ("Vindi") Singh Banga, former President and member of the Unilever executive board will join PE firm Clayton, Dubilier & Rice, LLC (CD&R) as an Operating Patner based in London.CD&R's London-based Operating Partners include Fred Kindle (former president and CEO of ABB Ltd) and Roberto Quarta (former chairman and CEO of BBA Group plc). Jack Welch (former Chairman and CEO of GE) and A.G. Lafley (former Chairman and CEO of Proctor & Gamble) are Special Partners of the firm.
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3) Titagarh Wagons To Acquire French Railway Wagon Manufacturing Unit
http://www.dealcurry.com/20100624-Titagarh-Wagons-To-Acquire-French-Railway-Wagon-Manufacturing-Unit.htm
Titagarh Wagons Ltd is acquiring French railway wagon and rolling stock manufacturing unit.The acquisition will be made through its recently formed subsidiary in France.This acquisition is subject to fulfillment of certain conditions and the final decision on the same is scheduled to be announced on 7th July, 2010 by Court Thereat.
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4) Tata Steel To Sell 50% In Tata Refractories
http://www.dealcurry.com/20100624-Tata-Steel-To-Sell-50-In-Tata-Refractories.htm
Tata Steel is looking to sell 50% of its existing stake in Tata Refractories.Tatas want the strategic partner to bring in technical know-how into TRL and also increase its global footprint. TRL produces high alumina, basic, dolomite, silica and monolithic refractories.
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5) D.Light Design Raises $5.5 Mn In Third Round
http://www.dealcurry.com/20100624-D-Light-Design-Raises-5-5-Mn-In-Third-Round.htm
D.Light Design Private Limited has raised $5.5 Mn in its third round of funding from Omidyar Network and its existing investors including Acumen Fund, Nexus Venture Partners, Gray Matters Capital, Draper Fisher Jurvetson and Garage Technology Ventures.
Jayant Sinha from Omidyar Networks will join the board of D.Light. The funds will be used to expand its network throughout Africa and Asia as well as expand its product line beyond solar lighting.
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6) Emami Buys A Manufacturing Plant in Egypt
http://www.dealcurry.com/20100624-Emami-Buys-A-Manufacturing-Plant-in-Egypt.htm
Emami has bought a manufacturing facility in Egypt for Rs 12 Cr. The buyout will be funded by a mix of internal accruals and term loans from lending institutions.
The firm plans to begin manufacturing its products in the plant by the end of this fiscal. It will spend another Rs 10-12 cr on the plant before the manufacturing begins.
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7) Coffee Day May Acquire Logistics Company
http://www.dealcurry.com/20100624-Coffee-Day-May-Acquire-Logistics-Company.htm
Coffee Day Holdings is rumored to be acquiring a logistics company in India to diversify into the business.
The company will utilize the recent infusion of $125 Mn from KKR, NSR and StanChart PE to acquire this firm.
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8) PNB To Buy Out Partner's Stakes in Life Insurance And Insurance Broking Biz
http://www.dealcurry.com/20100624-PNB-To-Buy-Out-Partner-s-Stakes-in-Life-Insurance-And-Insurance-Broking-Biz.htm
Punjab National Bank plans to buy out its JV partners' stake in the life insurance and insurance broking businesses.
The bank will buy out 26% of Principal Financial Group of Mauritius and 25% of Berger Paints in its insurance broking company. It will also buy out Principal's 26% and UK Paints' 32% in its life insurance JV- Principal PNB Life Insurance Company.
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9) Baring PE To Invest Rs 370 Cr In Oriental Tollways
http://www.dealcurry.com/20100624-Baring-PE-To-Invest-Rs-370-Cr-In-Oriental-Tollways.htm
Baring PE Partners India is investing Rs 370 Cr in Oriental Tollways. The funds will be used by Oriental as its equity contribution in it's various SPVs.
Oriental Tollways may divest around 15-20% to raise the funds, valuing the company close to Rs 1,900 Cr.
Oriental Tollways - part of Oriental Structural Engineers Pvt Ltd is currently executing five projects. It has created four SPVs for its projects and is creating one more. The total cost of these projects is about $450 Mn.
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