Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 12, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 12, 2012:

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1) Welspun Corp To Raise Funds Through NCDs
http://www.dealcurry.com/20120712-Welspun-Corp-To-Raise-Funds-Through-NCDs.htm

Welspun Corp Limited is looking to raise R1000 Cr through NCDs to pay back debt. The funds raised would be utilized for refinancing of NCD, ECB and possible early redemption of FCCB.

CARE assigned the proposed instruments a rating of CARE AA-, on the basis of dip in the operating margins, debt repayment obligations over the next 3 years, including the FCCBs and the corporate guarantees given for its subsidiaries.

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2) CHD Developers Acquires Empire Realtech
http://www.dealcurry.com/20120712-CHD-Developers-Acquires-Empire-Realtech.htm

CHD Developers has acquired 7000 shares of Empire Realtech, pursuant to which it became wholly owned subsidiary of CHD Developers, according to filing on BSE.Empire Realtech holds the land parcel of 12.34 acre on Dwarka Express Highway, valued around R100Cr.CHD is planning to develop a group housing project on this land and is expected to be launched by end of this year.

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3) Karbonn Mobile To Raise PE Investment
http://www.dealcurry.com/20120712-Karbonn-Mobile-To-Raise-PE-Investment.htm

Karbonn Mobile is planning to raise R1000Cr by diluting 15-20% stake to PE investors. It is planning to set up a manufacturing plant and acquiring a Korean research and development firm.

Karbonn Mobiles will invest Rs 600 crore in the mobile device manufacturing plant in Chennai over 2013-14, for which land has been acquired. The balance of Rs 400 crore will be used in acquiring the R&D centre based out of Korea, for which due-diligence was going on, according to ET.

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4) Alliance Dental To Raise Funds For Expansion
http://www.dealcurry.com/20120712-Alliance-Dental-To-Raise-Funds-For-Expansion.htm

Alliance Dental Care is planning to raise R30 Cr through PE route. The funds will be utilized for expansion of the dental-care chain. The company is in talk with two domestic PE players which are interested in healthcare space.

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5) Mahindra Satyam Looking For Overseas Acquisitions
http://www.dealcurry.com/20120712-Mahindra-Satyam-Looking-For-Overseas-Acquisitions.htm

Mahindra Satyam is in talks to acquire an aerospace engineering firm in Europe, details of which are not revealed.

CEO CP Gurnani termed the potential acquisition news as speculative, according to ET.

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6) TranServ Raises Fund From Nirvana Venture
http://www.dealcurry.com/20120712-TranServ-Raises-Fund-From-Nirvana-Venture.htm

Nirvana Venture Advisor has invested in Mumbai based TranServ Private limited, a prepaid payment program manager. These funds will be used to scale up operations and resources to deliver current and planned payment products. As part of the deal, Amit Patni - Chairman and Rajan Mehra - MD of Nirvana Venture Advisors, will join the TranServ board.

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7) First Carlyle Buys Stake In Infotech Enterprises
http://www.dealcurry.com/20120712-First-Carlyle-Buys-Stake-In-Infotech-Enterprises.htm

Carlyle Group firm - First Carlyle Ventures Mauritius acquired 1.1 Cr shares of Infotech Enterprises Limited at R190 per share through NSE and BSE bulk deal transaction, valuing the deal at R211 Cr and representing a 9.96% stake in the company.

In contrast there were two major sellers, a combination of American Funds and Small Cap World Fund offloading 59.18 lakh shares at an average price of R190 per share in NSE and Kotak India Focus Fund selling a total of 29.30 lakh at the same price through NSE & BSE. Kotak India held 2.63% stake in the company.

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