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1) Hotelogix Raises $1.2 Mn From Accel Partners, Blume Ventures, Mumbai Angels
http://www.dealcurry.com/2012049-Hotelogix-Raises-1-2-Mn-From-Accel-Partners-Blume-Ventures-Mumbai-Angels.htm
A cloud-based hospitality solutions provider - Hotelogix has raised $1.2 Mn from Accel Partners, Blume Ventures and Mumbai Angels.
The funds raised will be used for expansion in North American and South American.
Established in 2008, HMS Infotech has developed Hotelogix offers cloud based property management system based on the SAAS model for the small and mid-sized hospitality segment.
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2) Marico To Sell 4.56% To Indivest, Baring India For R500Cr
http://www.dealcurry.com/2012049-Marico-To-Sell-4-56-To-Indivest-Baring-India-For-R500Cr.htm
Marico Limited is planning to sell 4.56% stake for R500Cr to Indivest Pte Ltd and Baring India Private Equity.
The company proposes to issue 22.05Mn shares to Indivest Pte Ltd and 7.35 Mn shares to Baring India Private Equity Fund III at R170 per share aggregating to R500Cr.
The funds raised will be used for funding the proposed acquisition of Paras Personal Care business by the company.
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3) Somany Ceramics Acquires 26% In Commander Vitrified
http://www.dealcurry.com/2012049-Somany-Ceramics-Acquires-26-In-Commander-Vitrified.htm
Somany Ceramics is acquiring 26% stake in Gujarat based Commander Vitrified Private Limited for R3.25Cr.
The company has signed MOU with Commander Vitrified to acquire 26% stake in the company with an option to further increase the same up to 51%.
This deal will give complete access to Somany Ceramics to procure and sell the entire quantity of vitrified tiles to be manufactured by CVPL.
CVPL is at an advanced stage of setting up a new plant to manufacture about 2.65 Mn sqmt of vitrified tiles (polished and glazed) p.a at Morbi (Gujarat). The plant is expected to commence production by the end of May 2012.
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4) Tristar Retail Files For R25Cr IPO
http://www.dealcurry.com/2012049-Tristar-Retail-Files-For-R25Cr-IPO.htm
Tristar Retail Limited has filed DRHP with SEBI to raise R25Cr through an IPO.
The funds raised will be used for working capital (R13Cr); expansion of exclusive brand outlets of brand Denizen (R 5.85Cr); and investment in subsidiary Tristar Retail Concepts Private Limited for expansion of exclusive brand outlets of brand Nokia (R 1.13Cr).
Microsec Capital Limited is the book running lead manager to the issue.
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5) Aavishkaar Invests R26Cr In Karadi Path And Vana Vidyut
http://www.dealcurry.com/2012049-Aavishkaar-Invests-R26Cr-In-Karadi-Path-And-Vana-Vidyut.htm
Aavishkaar, a rural and semi-urban-focussed venture fund has invested R26Cr in Karadi Path Education Company Private Limited and Vana Vidyut Private Limited.
Aavishkaar has invested R8Cr in Karadi Path - an education services firm, while R18Cr in Vana Vidyut - a renewable energy company.
Karadi Path will use the fund raised in expansion of its English language learning operations focussed on primary school students particularly in semi-urban and rural areas.
Vana Vidyut is expected to set up India's first grid-connected bio-mass power plant with captive bio-mass feed stock from dedicated energy plantations.
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6) Tyroo Acquires DGM India
http://www.dealcurry.com/2012049-Tyroo-Acquires-DGM-India.htm
Tyroo, a SVG company has acquired DGM India, a subsidiary of ADH Plc, along with DGM India's MD - Anurag Gupta.
Post acquisition, both companies will continue to run separately. Anurag Gupta will be the MD of DGM and Tyroo Direct will continue to be headed by Siddharth Puri.
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7) Piramal Realty Acquires Gulita For R452Cr From HUL
http://www.dealcurry.com/2012049-Piramal-Realty-Acquires-Gulita-For-R452Cr-From-HUL.htm
Piramal Realty has acquired Gulita - property in south Mumbai from Hindustan Unilever for R452Cr.
Piramal Realty is planning to develop high-end luxury apartments on the one-acre land and Ajay Piramal might keep a part of it for his personal use, given the premium location, according to ET.
Gulita is a one-acre property in Worli Seaface, which used to house a training centre and private residences of senior executives of Unilever's Indian arm.
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8) Sahara India To Acquire 85% In Dream Downtown
http://www.dealcurry.com/2012049-Sahara-India-To-Acquire-85-In-Dream-Downtown.htm
Sahara India is planning to acquire 85% stake in Sant Singh Chatwal's flagship property Dream Downtown Hotel in New York through its Mauritius based subsidiary Aamby Valley Ltd.
The Chatwal group will retain the remaining 15% stake in hotel, while the existing franchise agreement with the Wyndham Hotel Group to run Dream Downtown will continue to remain in place even after Sahara takes over the hotel.
Dream Downtown has 315 rooms, an expansive rooftop lounge, a beach club and extensive fitness facilities with spa services.
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