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1) FIIs Invest R200Cr In Suraj Diamonds
http://www.dealcurry.com/2012026-FIIs-Invest-R200Cr-In-Suraj-Diamonds.htm
Suraj Diamonds and Jewellery Ltd raised R200Cr by alloting shares to four FIIs.
It alloted 10.18Mn shares to Passage to India Master Fund Ltd, 9.82Mn shares to Sparrow Asia Diversified Opportunities Fund, 8.55Mn shares to Davos International Fund and 7.82 shares to Leman Diversified Fund.
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2) Assotech To Raise R75Cr From Sun Apollo
http://www.dealcurry.com/2012026-Assotech-To-Raise-R75Cr-From-Sun-Apollo.htm
Assotech Limited is raising R75Cr from Sun Apollo India Real Estate Fund by selling 49% stake in a housing project in Gurgaon.
Assotech is developing the project - Assotech Blith - in a 12-acre land with a total estimated project cost of R500Cr.
The company has acquired land for R152Cr of which R75Cr will come from Sun Apollo.
Founded in 1987 by Sanjeev Srivastva, Assotech is a engaged in real estate development by creating tailor made Residential, Retail, Corporate, Hospitality and Healthcare projects.
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3) Subex To Restructure FCCBs
http://www.dealcurry.com/2012026-Subex-To-Restructure-FCCBs.htm
Subex is applying to RBI for an extension of the maturity dates of it's FCCBs from 9th March'2012 to 9th July'2012, as it is talking with the bondholders to restructure the bonds.
Subex had raised $180Mn by issung FCCBs to acquire Syndesis Limited in 2007. It acquired Syndesis for $164Mn. But the acquisition turned sour in the financial crises, when Subex stock was beaten down to R18 from R803.
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4) Kotak Realty Fund Invests R80Cr In Orris Infrastructure
http://www.dealcurry.com/2012026-Kotak-Realty-Fund-Invests-R80Cr-In-Orris-Infrastructure.htm
Kotak Realty Fund is investing R80Cr in Gurgaon based Orris Infrastructure for it's group housing project.
According to Bar&Bench, the investment is by way of subscription to secured OCCPS issued by Orris Infrastructure. The tenor of the debentures is 45 months from the date of issue. The investment is through an escrow mechanism devised for this purpose. The other security includes mortgage over the land comprising the group-housing project as well as personal guarantee of promoters.
SNG & Partners advised Kotak India Real Estate Fund, while Dua Associates advised Orris Infrastructure.
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5) IndiaHomes Raises $4Mn From Helion Venture, Foundation Capital, May Acquire IT Firm
http://www.dealcurry.com/2012026-IndiaHomes-Raises-4Mn-From-Helion-Venture-Foundation-Capital-May-Acquire-IT-Firm.htm
IndiaHomes, a real estate brokerage firm has raised $4Mn from Helion Venture Capital and Foundation Capital and is planning to raise $6Mn over next one year for expansion. The company is planning to acquire Mumbai-based IT firm to boost online transactions.
Agni Property has re-branded itself as IndiaHomes and has launched a new property pricing software – Goldmine.
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6) Unitus Seed Fund Invests In Bodhicrew Services, Hippocampus Learning, Milaap Social
http://www.dealcurry.com/2012026-Unitus-Seed-Fund-Invests-In-Bodhicrew-Services-Hippocampus-Learning-Milaap-Social.htm
Unitus Labs has launched Unitus Seed Fund - a seed stage venture fund to invest in Indian startup businesses with potential for large-scale poverty impact.
The fund has also made announcement of its first three investments in Indian startups - Bodhicrew Services, Hippocampus Learning Centres, and Milaap Social Ventures.
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7) Piramal Healthcare Acquires Additional 5.5% Stake In Vodafone From Essar
http://www.dealcurry.com/2012026-Piramal-Healthcare-Acquires-Additional-5-5-Stake-In-Vodafone-From-Essar.htm
Piramal Healthcare Limited will acquire 5.5% stake in Vodafone India Limited from Essar for R3007Cr.
With this deal the total shareholding of Piramal in Vodafone will increase to 11%. According to press release, the funding for investment is being met through a mix of internal and external resources.
The transaction follows the settlement between Vodafone and Essar over the sale of Essar’s approximately 33% stake in VIL, announced in July 2011, and the purchase by Piramal of approximately 5.5% of the issued share capital of VIL from Essar in August 2011.
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8) VRL Logistics To Sell Power And Cement Biz
http://www.dealcurry.com/2012026-VRL-Logistics-To-Sell-Power-And-Cement-Biz.htm
VRL Logistics Limited is planning to sell its wind power and cement business to strengthen its focus on core business.
In 2006, VRL Logistics commenced wind power business by setting up a wind farm of 42.5 MW at Kappatgudda, Gadag district in the State of Karnataka . The wind farm consists of 34 Wind Turbine Generators (WTGs) having individual capacity of 1.25 MW.
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9) OCL Iron & Steel Acquires Aron Auto Ltd
http://www.dealcurry.com/2012026-OCL-Iron-Steel-Acquires-Aron-Auto-Ltd.htm
OCL Iron And Steel Ltd has acquired Aron Auto Ltd. Financial Details of the transaction were not disclosed.Consequent to the acquisition, it has become subsidiary of OCL Iron & Steel Limited.
This is OCL Iron's second acquisition in a month. Earlier in January it acquired 100% stake in BS Ispat Ltd through its SPV - Oriental Iron and Casting Ltd.
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10) Nova Medical Center Acquires Chennai Based Helios Hospitals
http://www.dealcurry.com/2012026-Nova-Medical-Center-Acquires-Chennai-Based-Helios-Hospitals.htm
GTI Group owned Nova Medical Centers has acquired Chennai based Helios Hospitals. Financial details of the transaction were not disclosed.
Helios Hospitals in Velachery, a suburban hub in Chennai and the satellite clinic for consultation and diagnostic in Adyar will run under the supervision of its founder - Nandkumar Sundaram.
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