Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 13, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 13, 2012:

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1) Solving Efeso Acquires Consulting Firm Q-Spread
http://www.dealcurry.com/20120713-Solving-Efeso-Acquires-Consulting-Firm-Q-Spread.htm

Solving Efeso has acquired Gurgoan based Q-Spread for an undisclosed amount. The acquisition is a part of its strategy to expand its consultancy market and strengthen its presence in India.Rajinder Singh, founder of Q-Spread, will head the country operations in India. The company will predominantly serve clients in the Manufacturing, Retail and Process industries.

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2) Kamat Hotels To Restructure R500Cr Loans
http://www.dealcurry.com/20120713-Kamat-Hotels-To-Restructure-R500Cr-Loans.htm

Kamat Hotels is in discussion with banks to restructure R500Cr. The company is planning to approach CDR. The rapid expansion led to high debt on the balance sheet.This January, Clearwater Capital Partners made an open offer to acquire 26% post conversion equity share capital of Kamat Hotels.Kamat Hotels had recently absorbed some of the hotels run by the Kamat family, taking promoters' stake to as much as 57%.

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3) InMobi Acquires MMTG Labs
http://www.dealcurry.com/20120713-InMobi-Acquires-MMTG-Labs.htm

Bangalore based mobile ad network, InMobi has acquired San Francisco based MMTG Labs for undisclosed amount.

As a part of deal, the entire team including co-founders Ryan Merket and Nalin Mittal will be joining InMobi.

Founded in 2010, MMTG  operates AppBistro, an application marketplace for Facebook pages, and AppGalleries, which allows anyone to create a web and mobile compatible app gallery, according to medianama.

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4) TIAA-CREF Acquires Additional Stake In Den Network
http://www.dealcurry.com/20120713-TIAA-CREF-Acquires-Additional-Stake-In-Den-Network.htm

Teachers Insurance and Annuity Association - College Retirement Equities Fund Investment LLC has acquired additional 1% stake in Den Networks, a broadcasting and cable TV Company by acquiring 1.3 Mn shares through open market transaction.TIAA-CREF now holds around 5.93% stake in Den Networks.TIAA-CERF is now the largest non-promoter shareholder of the company. Other shareholders includes-StanChart IL&FS Asia Infrastructure G (4.98%) and Network 18 Media And Investments Limited (3.08%) among others.

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5) Jindal Steel Raises Funds For Odisha Project
http://www.dealcurry.com/20120713-Jindal-Steel-Raises-Funds-For-Odisha-Project.htm

Jindal Steel and Power Limited has raised R3500 Cr from a consortium of lenders for a steel project in Odisha.

The funds will be utilized for a 2 Mn tonne coal-to-gas direct reduced iron (DRI) plant near Angul, Odisha.

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6) Sutherland To Acquire Healthcare BPO Apollo Health Street
http://www.dealcurry.com/20120713-Sutherland-To-Acquire-Healthcare-BPO-Apollo-Health-Street.htm

Sutherland Global Services is acquiring Apollo Health Street, a health care BPO arm of Apollo Hospitals for R875Cr.The acquisition will help Sutherland to scale up its healthcare business both in India and the US.Barclays Capital is advising the promoters of Apollo for the deal.

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7) Tube Investments To Acquire Shanthi Gears
http://www.dealcurry.com/20120713-Tube-Investments-To-Acquire-Shanthi-Gears.htm

Tube Investments of India Limited is acquiring majority stake in Coimbatore-based Shanthi Gears Limited.

The board of Chennai-based Murugappa group company - Tube Investment has approved the acquisition of 36.05 Mn equity shares of Shanthi Gears, representing 44.12% stake from Shanthi Gears' promoter P Subramanian, at Rs. 81/- per share, aggregating to R292Cr.

Tube Investments has made an open offer to acquire additional 21.24 Mn  shares, representing 26% of the paid up share capital of SGL, at a price of Rs 81/- per share.

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