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1) B Braun To Acquire 26% In Ahlcon Parenterals
http://www.dealcurry.com/20120322-B-Braun-To-Acquire-26-In-Ahlcon-Parenterals.htm
B Braun Singapore Pte Ltd is acquiring 26% in New Delhi based Ahlcon Parenterals (India) Ltd through an open offer.
B Braun will acquire 1,872,039 equity shares from the shareholders of Ahlcon Parenterals at a price of R460 per share.
Deutsche Equities India Pvt Ltd has been appointed as Manager to the Open Offer.
According to the filing on BSE, the acquisition is proposed to be in range of 49% to 70.49%.
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2) GE To Acquire Majority Stake In Advanced Systek
http://www.dealcurry.com/20120322-GE-To-Acquire-Majority-Stake-In-Advanced-Systek.htm
General Electric Co is acquiring majority stake in Baroda based automation systems and flow metering solutions provider - Advanced Systek Private Limited. Financial details of the transaction were not disclosed.
The transaction will enhance GE's ability to offer solutions to customers in regions such as South Asia and the Middle East. Under the terms of the transaction, the senior management team of Advanced Systek will continue to serve as directors and will work with GE to utilize their industry expertise to help the business grow
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3) Muthoot Finance Promoter's To Dilute 10% Stake
http://www.dealcurry.com/20120322-Muthoot-Finance-Promoter-s-To-Dilute-10-Stake.htm
Promoters of Muthoot Finance Limited is planning to raise funds by diluting 10% stake for expansion activites.
The company is looking at raising R500-600Cr in the combination of debt and equity; with plans to add another 300-400 branches in the next fiscal.
Currently, Promoters and promoter group together hold 80.12% stake in the company.
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4) Gurgaon Based AllSchoolStuff Raises Angel Funding
http://www.dealcurry.com/20120322-Gurgaon-Based-AllSchoolStuff-Raises-Angel-Funding.htm
Gurgaon based AllSchoolStuff.com, online retail store for all school, learning and educational needs has raised angel funding from Angel Investors Consortium.
The funds raised will be used for setting up infrastructure, expanding the team, customer acquisition and streamlining the supply chain.
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5) Ultratech Cement May Acquire Adhunik MSP Cement's Meghalaya Plant
http://www.dealcurry.com/20120322-Ultratech-Cement-May-Acquire-Adhunik-MSP-Cement-s-Meghalaya-Plant.htm
Ultratech Cement may acquire Adhunik MSP Cement's Meghalaya plant for over R700Cr. Ultratech cement is interesting to buy the plant to increase it's presence in the North eastern market.
According to a report on ET, due diligence for the unit located at the limestone-rich Jaintia Hills has been completed and the fate of the deal hinges on the availability of some statutory no-objection certificates as mining leases and environmental clearances are prerequisites for any large manufacturing transactions in the North-East.
Also there is an another MNC possibly Lafarge is also interested in acquiring the cement plant as it is facing some environmental opposition in setting up a 1.1 Mn tonne cement unit at Jaintia Hills and may go for a readymade unit.
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6) Blackstone, Bain Capital May Buyout Euronet India ATM Biz
http://www.dealcurry.com/20120322-Blackstone-Bain-Capital-May-Buyout-Euronet-India-ATM-Biz.htm
Blackstone Group and Bain Capital are planning to buyout the Euronet Services India Private Limited - Indian ATM business of Euronet Worldwide Inc.
According to ET, Euronet's electronic financial transaction segment is facing profitability pressures due to steady climb in costs, with a substantial portion of the business of ATMs coming from India, it plans to sell the unit.
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7) KEPCO Acquires 40% Stake In Pioneer Gas Power For R500Cr
http://www.dealcurry.com/20120322-KEPCO-Acquires-40-Stake-In-Pioneer-Gas-Power-For-R500Cr.htm
South Korea based Korea Electric PowerCorp is acquiring 40% stake in Pioneer Gas Power, which is setting up a 388 MW gas-based power plant in Maharashtra. The deal size could be around R500Cr.
According to a report on ET, KEPCO will buy the stake through it's subsidiary KOWEPO. It will pick up around 23% in the first tranche and the balance later. The financial closure will be completed through a consortium of nine banks, with IFCI being the lead institution.
Singapore based vTrium Energy is the transaction advisor and Lodha Capital Markets is advising Pioneer Gas Power on the deal.
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8) Parsvnath Developers To Raise R120Cr From Kotak Realty Fund
http://www.dealcurry.com/20120322-Parsvnath-Developers-To-Raise-R120Cr-From-Kotak-Realty-Fund.htm
Kotak Realty Fund is investing R120Cr for a 20% stake in Parsvnath Developers' SPV, which will develop township project in Gurgoan.In January 2011, Parsvnath Buildwell Private Ltd raised R100Cr from SUN-Apollo India Real Estate Fund LLC by diluting 49.9% stake, to fund its residential project in Ghaziabad. Last year in May, it raised $30Mn from JP Morgan for it's residential project - La Tropicana.
According to ET, the project is 100-acre integrated township project on Sohna Road in Gurgaon. It will be largely residential in nature with some commercial and retail developments, and will be launched in the next two months.
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