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1) Copthall Mauritius Acquires Additional Stake In LIC Housing
http://www.dealcurry.com/20120323-Copthall-Mauritius-Acquires-Additional-Stake-In-LIC-Housing.htm
Copthall Mauritius Investment Ltd has acquired additional stake in LIC Housing Finance through open market transaction from CLSA.
According to block deal data available on the stock exchanges, Copthall Mauritius Investments purchased 16,039,061 shares of LIC Housing Finance for R255.35 a piece, valuing the transaction at R409.55Cr from the open market.
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2) Helion Ventures Raises $225 Mn Fund
http://www.dealcurry.com/20120323-Helion-Ventures-Raises-225-Mn-Fund.htm
Helion Ventures Partners has raised $225 Mn third fund.
The fund will invest in technology powered startups across sectors including internet, mobile and technology products, and also selective exposure to the consumer services space.
The fund will invest between $2Mn and $10Mn and with an investment horizon of 5-7 years.
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3) Dhanlaxmi Bank May Exit Destimoney, Sell 15% Stake
http://www.dealcurry.com/20120323-Dhanlaxmi-Bank-May-Exit-Destimoney-Sell-15-Stake.htm
Dhanlakshmi Bank is planning to exit by selling its 15% stake in Destimoney Securities Private Limited.
The bank is planning to sell stake after the Reserve Bank of India raised objection to the old-generation private sector bank being categorised as the dominant promoter group.
In 2010, Dhanlaxmi Bank acquired 15 % stake in Destimoney Securities for R13Cr.
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4) Naturex Acquires Natural Colors Producer - Valentine Agro
http://www.dealcurry.com/20120323-Naturex-Acquires-Natural-Colors-Producer-Valentine-Agro.htm
Plant-based ingredients supplier - Naturex has acquired Mumbai based natural colors producer Valentine Agro Limited. The terms of the transaction were not disclosed.
This acquisition is a part of Naturex's strategy of acceleration of its development by targeting dynamic markets with high potential for growth and that provide synergies for the group.
According to the press release, with this acquisition Naturex will become a local producer in India and will ensure promotion for all of the Group's product ranges while benefiting from the existing commercial structure and to develop close relations with the Indian food industry.
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5) Advent To Acquire Majority Stake In Care Hospitals
http://www.dealcurry.com/20120323-Advent-To-Acquire-Majority-Stake-In-Care-Hospitals.htm
Advent International may acquire majority stake in Hyderabad-based – Care Hospitals Private Limited, a hospital chain.
Rakesh Jhunjhunwala, Nimmagadda Prasad - founder of Matrix Labs and UK-based Ashmore together hold about 80% in the hospital and the remaining is held by management, according to BS.
Founded in 1997 by B. Soma Raju, Care Hospitals is a multi-specialty hospital chain comprising of 1600 beds across 12 hospitals. It has presence in Bhubhaneswar, Nagpur, Secundarabad Surat and Vizag.
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6) Thermax Acquires Germany Based Rifox Hans Richter
http://www.dealcurry.com/20120323-Thermax-Acquires-Germany-Based-Rifox-Hans-Richter.htm
Pune based Thermax Ltd has acquired the steam division of Virgo Valves and Controls Ltd and its German Subsidiary- Rifox Hans Richter GmbH for R12.39Cr. Virgo Valves and Controls Ltd was incorporated as a 100% EOU in 2004 as a wholly owned subsidiary of Virgo Engineers Ltd. Headquartered in Bremen, Germany, Rifox has a tradition of over 60 years in manufacturing steam efficiency products for a wide range of industries. Its core products are various types of steam traps and vent valves, with highest pressure up to 250 kg/cm2 and temperature up to 530º C.
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