Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 11, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 11, 2012:

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1) Ashmita Papers Raises Funds For Backward Integration
http://www.dealcurry.com/20120711-Ashmita-Papers-Raises-Funds-For-Backward-Integration.htm

Ashmita Papers Private Limited raised R58 Cr term loan from banks to fund its backward integration project, according to ET.

The company was planning to set up an absorbent kraft paper plant at Kheda, near Ahmedabad.

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2) Mobikon Raises Series A Funding From Jungle Ventures
http://www.dealcurry.com/20120711-Mobikon-Raises-Series-A-Funding-From-Jungle-Ventures.htm

Mobikon has raised $1.7Mn in Series A funding from Singapore-based Jungle Ventures and regional angel investors including Ravi Mantha, Member of the Board of Trustees at The Indus Entrepreneurs (TiE). The funds will be used to increase sales and business development activities in geographies.

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3) Reliance Power Secures $1.1 Bn Loan From Chinese Banks
http://www.dealcurry.com/20120711-Reliance-Power-Secures-1-1-Bn-Loan-From-Chinese-Banks.htm

Reliance Power Ltd. has received $1.1 Bn in loans from three Chinese banks for a power project in central India.

The loans will be used to re-finance part of the $2.6 Bn financing received from Indian lenders to build a coal-fired power project at Sasan in Madhya Pradesh.

The loans, secured last week, are from Bank of China Ltd., China Development Bank Corp. and Export-Import Bank of China, according to WSJ.

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4) Maxis To Exit Aircel
http://www.dealcurry.com/20120711-Maxis-To-Exit-Aircel.htm

Maxis Communications Bhd is planning to sell its stake in Aircel and talking with Russian telecom giant – Sistema JSFC. It is planning to exit the telco due to regulatory uncertainty in the sector. In 2005, Maxis and Apollo’s Reddy acquired 74% and 26% stake of Aircel from C Sivashankaran for $1.08Bn. Maxis was looking for long term sustainability in India. Currently, Sindya Securities and Investments holds 26% stake in the company.

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5) Blackstone To Acquire Embassy Property's Office Portfolio
http://www.dealcurry.com/20120711-Blackstone-To-Acquire-Embassy-Property-s-Office-Portfolio.htm

Blackstone Group is set to acquire 36% stake in the tenanted office space portfolio of Embassy Property Developments for $230 Mn (R1300 Cr), according to transaction bankers.

Embassy would be demerging the FDI complaint office buildings in which the PE firm will acquire a significant minority stake. The transaction values Embassy's new holding company for office buildings at $900 Mn after rolling over Blackstone's earlier investment in one of the projects, according to TOI.

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6) Parker Hannifin Acquires Filtration Biz Of John Fowler
http://www.dealcurry.com/20120711-Parker-Hannifin-Acquires-Filtration-Biz-Of-John-Fowler.htm

Parker Hannifin Corporation has acquired filtration business of Bangalore based John Fowler (India) Private Limited - an air, fuel and hydraulic filter manufacturers for an undisclosed amount. The acquisition will help Parker to expand its base business and end market exposure in India. This acquisition will also add local manufacturing, product breadth, an experienced team, strong distribution and OEM customer relationships to Parker Hannifin.

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