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1) Marico To Raise $100Mn PE Funding
http://www.dealcurry.com/2012042-Marico-To-Raise-100Mn-PE-Funding.htm
Marico is talking to a number of PE funds including GIC, Temasek and Khazanah to raise upto $100Mn by selling about 5% stake in the entity.
According to ET, Citi and Kotak Investment Banking are likely advisors to Marico for the fund raising process.
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2) Mohandas Pai And Rajani Pai Invest In BookAdda.com
http://www.dealcurry.com/2012042-Mohandas-Pai-And-Rajani-Pai-Invest-In-BookAdda-com.htm
TV Mohandas Pai and his partner Ranjan Pai have invested in online book retailer - BookAdda.com from $100 Mn PE Fund launched last August.
The fund has also invested $8 Mn in California-based medical technology company Insightra, along with investment in one more Indian company and US based company.
BookAdda is an Indian online bookstore with collection of over 10 Mn books with more than 22,54,279 authors.
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3) India Venture Advisors Invests R40Cr In Tulsi Castings
http://www.dealcurry.com/2012042-India-Venture-Advisors-Invests-R40Cr-In-Tulsi-Castings.htm
Piramal Group's PE fund - India Venture Advisors has invested R40Cr in Sangli based manufacturer of ductile iron castings - Tulsi Castings and Machining.
SBI Capital Markets Ltd was the sole advisor to the company for this transaction.
Tulsi Castings and Machining Limited (erstwhile Tulsi Foundries Limited) was acquired by the present management and commenced operations in the year 2004, after BM Jain and RM Jain acquired the foundry assets from SICOM Ltd.
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4) ABP May Buyout Star News' Stake In JV
http://www.dealcurry.com/2012042-ABP-May-Buyout-Star-News-Stake-In-JV.htm
ABP Private Limited is planning to buy out Star Group Limited’s stake in news television JV- Media Content and Communications Services India Private Limited.
Formed in 2003, MCCS is a 74:26 JV between ABP TV and STAR News Broadcasting. MCCS broadcasts three 24-hour news channels, STAR News in Hindi, STAR Ananda in Bengali and STAR Majha in Marathi.
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5) India Agri Business Fund Invests R50Cr In Super Agri Seeds
http://www.dealcurry.com/2012042-India-Agri-Business-Fund-Invests-R50Cr-In-Super-Agri-Seeds.htm
India Agri Business Fund has invested R50Cr in Hyderabad-based Super Agri Seeds Pvt. Ltd.
Super Agri Seeds will use the funds to finance its expansion and set up Research and development centres in Hyderabad and in Bangalore.The company is planning to tie-up with two European agro-based companies for R&D by next year. The company is targeting to achieve a R350Cr turnover by 2015, as against the expected turnover of R75Cr this year.
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6) Kajaria Ceramics Acquires 51% In Vennar Ceramics
http://www.dealcurry.com/2012042-Kajaria-Ceramics-Acquires-51-In-Vennar-Ceramics.htm
Kajaria Ceramics Limited has acquired 51% stake in Hyderabad based Vennar Ceramics Limited for R13.65Cr.
Kajaria will subscribe to fresh equity share capital of Vennar and upon acquisition of shares and completion of other formalities, Vennar Ceramics will become the subsidiary of the company.
Vennar is setting up a new plant which would start commercial production in June 2012. This will help Kajaria to cater to the southern markets from this plant enabling the company to reduce the transit time for the delivery of goods and savings in transportation cost.
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7) ASK Properties To Acquire 49% In Godrej Properties' Redevelopment Project
http://www.dealcurry.com/2012042-ASK-Properties-To-Acquire-49-In-Godrej-Properties-Redevelopment-Project.htm
ASK Property Investment Advisors is acquiring a 49% stake in Godrej Landmark Redevelopers, a subsidiary of Godrej Properties.
According to a report on BSE, ASK will pay a R20Cr premium to GLRPL for its 49% stake in the project.
Godrej Landmark Redevelopers has entered into a tripartite agreement with Kamla Landmarc Property Leasing and Finance Pvt Ltd and 18 societies to undertake a residential redevelopment project in Sahakar Nagar, Chembur, Mumbai.
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8) DMI Finance Acquires 16% In Alchemist ARC
http://www.dealcurry.com/2012042-DMI-Finance-Acquires-16-In-Alchemist-ARC.htm
DMI Finance has acquired 16% stake in Alchemist Asset Reconstruction Company. The terms of the transaction were not disclosed, however according to a report on ET, the deal size is estimated to be about R32Cr.
Alchemist ARC is in the business since 2002. It claims to have over 100 years of cumulative experience in the banking domain across international and domestic banks such as Citigroup, SBI, ICICI, Dhanalaxmi, and Bank of Tokyo- Mitsubishi.
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