New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Aug 22, 2012:
------------------------------------------------------------------
1) Amas India Exits Genesys International
http://www.dealcurry.com/20120822-Amas-India-Exits-Genesys-International.htm
Amas India Investment Mauritius limited has sold its entire 3.11% stake in Genesys International through bulk deals. The FII sold 4,00,000 shares at BSE and 5,29,458 on NSE at R191 per share aggregating to R17.75 Cr.
Meanwhile, Credo India Thematic Fund has bought around 921659 shares.
The fund has also sold around 2.11% stake of Kavveri Telecom by offloading 3,00,000 shares on NSE for R219.99 and 1,25,000 shares on BSE for R219,93 aggregating to R9.34 Cr, while Credo India Thematic Fund has bought all the shares (4,25,000).
------------------------------------------------------------------
2) Kamdhenu To Raise Funds For Expansion
http://www.dealcurry.com/20120822-Kamdhenu-To-Raise-Funds-For-Expansion.htm
Kamdhenu Group is planning to raise R100 Cr for its paint division and is in talks with PE firms. The fund will be used for setting up an alkyd resin plant to reduce reliance on external sources for raw material procurement and meeting working capital needs.
Kamdhenu Ispat, which is mainly into manufacturing of TMT bars and structural steels for use in the construction sector, had forayed into the paints business in 2008 by setting up a plant near its steel mill at Bhiwadi in Rajasthan.
------------------------------------------------------------------
3) KKR Plans To Launch India Focused Debt Fund
http://www.dealcurry.com/20120822-KKR-Plans-To-Launch-India-Focused-Debt-Fund.htm
KKR & Co LP is planning to launch an India specific debt fund. The LP is planning to raise $750 Mn to $1 Bn for their fund.
The fund is looking for opportunities in debt market citing country’s four year high interest rate. The fund will also lend to cash-strapped Indian corporations.
------------------------------------------------------------------
4) StanChart PE Invests In INOXCVA
http://www.dealcurry.com/20120822-StanChart-PE-Invests-In-INOXCVA.htm
Standard Chartered PE has invested $45Mn in INOXCVA, a manufacturer of cryogenic storage and transportation equipment. The funds will be used for its organic expansion plans and potential acquisitions.
Yes Bank advised INOX for the transaction. Khaitan & Co. and Wadia Ghandy & Co. were the legal advisors for INOXCVA and Stan Chart PE respectively.
------------------------------------------------------------------
5) Chennai Angels Invests In Social Learning Network - Classle
http://www.dealcurry.com/20120822-Chennai-Angels-Invests-In-Social-Learning-Network-Classle.htm
Classle, an online social learning network has raised $500,000 from Chennai Angels.
Classle Knowledge Private Limited was started by Vaidya Nathan, an alumnus of IIT-Madras. It is a Social Learning Network; a network with focus on Learning and education.
------------------------------------------------------------------
6) L&T To Raise Funds Through Equity Partnership
http://www.dealcurry.com/20120822-L-T-To-Raise-Funds-Through-Equity-Partnership.htm
L&T is planning an equity sale in various infrastructure projects. The company is targeting matured assets within the portfolio for the equity partnership, according to BS.
L&T is planning to reduce the portfolio size of the company, generate funds which could be used as equity in new projects.
------------------------------------------------------------------
7) Avigo Capital To Sell Spykar Lifestyles' Stake
http://www.dealcurry.com/20120822-Avigo-Capital-To-Sell-Spykar-Lifestyles-Stake.htm
Avigo Capital is planning to sell its 60% stake in Spykar Lifestyle. Buyout fund Riverside and three European fashion retailers are interested to acquire the stake.
Lincoln International is advising Avigo on the deal.
Prasad Pabrekar holds the remaining 40% stake with no immediate plans to exit.
------------------------------------------------------------------
8) Actis Invests In TPG Backed AGS Transact
http://www.dealcurry.com/20120822-Actis-Invests-In-TPG-Backed-AGS-Transact.htm
Actis PE has invested R220 Cr in AGS Transact Technologies Limited, an ATM outsourcing and payments company.
The funds raised will be used for ATM outsourcing expansion by AGS on behalf of banks and support roll-outs under the recent PSU contract of AGS in Himachal Pradesh, Haryana and Chandigarh.
Last June, TPG Group had invested R145 Cr with a follow-on investment of R45 Cr in March this year.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
Thursday, August 23, 2012
Wednesday, August 22, 2012
Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Aug 21, 2012
New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Aug 21, 2012:
------------------------------------------------------------------
1) CCI Approves Sanlam's Stake Buy in Shriram Capital
http://www.dealcurry.com/20120821-CCI-Approves-Sanlam-s-Stake-Buy-in-Shriram-Capital.htm
Sanlam Emerging Markets got the approval from CCI regarding the acquisition of 26% stake in Shriram Financial Ventures.
Sanlam Mauritius had proposed to hold not more than 26% stake in Shriram Capital through Shriram Financial Ventures (Chennai) Pvt. Ltd. which was to be done by subscribing to equity shares of up to 49.9% of the fully paid up equity share capital of Shriram Chennai.
------------------------------------------------------------------
2) IIFL Finance To Raise Funds Through NCDs
http://www.dealcurry.com/20120821-IIFL-Finance-To-Raise-Funds-Through-NCDs.htm
India Infoline Finance – NBFC subsidiary of the IIFL Group will raise up to R500 Cr by issuing NCDs.
Fund raising will be done through a base issue of R250 Cr with an additional option to retain oversubscription up to another R250 Cr. NCDs would be of the face value of R1000, with a 72 months tenure in the nature of subordinated debt and will be eligible for Tier-II capital.
------------------------------------------------------------------
3) Reliance Life Insurance Plans To Sell Stake To Banks
http://www.dealcurry.com/20120821-Reliance-Life-Insurance-Plans-To-Sell-Stake-To-Banks.htm
Reliance Life Insurance is looking to sell 5% stake in the company to banks for expanding base in the bancassurance channel.
It aims at a single partner of 'critical size' while it is in talks with a few banks. Its target is to maintain the relationship between the principal and agent with the bank by capping the banking partner stake at 5%.
------------------------------------------------------------------
4) Gitanjali Gems Acquires Stake In Verite
http://www.dealcurry.com/20120821-Gitanjali-Gems-Acquires-Stake-In-Verite.htm
Gitanjali Gems Limited has acquired 15.3% stake in Verite Co. Ltd, a Japanese jewellery retail chain through its Hong Kong subsidiary Aston Luxury Group Limited.
This acquisition also brings a 50% supply contract to Gitanjali from Verite for its 101 jewellery retail stores in Japan.
------------------------------------------------------------------
5) Bilcare Sells GCS Unit To United Drug
http://www.dealcurry.com/20120821-Bilcare-Sells-GCS-Unit-To-United-Drug.htm
Bilcare Limited signed an agreement with United Drug Plc. for the sale of its Global Clinical Supplies (GCS) businesses in the U.S and U.K.
The deal is valued at $61 Mn and is expected to go through in a couple of months.
GCS is one of three divisions of Bilcare and the company has retained this business in Asia.
------------------------------------------------------------------
6) GTI Capital Invests In Brattle Foods, Webklipper
http://www.dealcurry.com/20120821-GTI-Capital-Invests-In-Brattle-Foods-Webklipper.htm
Brattle Foods Private Limited received undisclosed amount of funds from GTI Capital in a Series B round of investment. GTI also invested an unknown amount in Webklipper Technologies Private Limited.
The funds would be used to expand the facilities of Brattle's, while Webklipper would be utilizing the funds as working capital and in the general expansion of its business.
------------------------------------------------------------------
7) Eco Shopping Portal - Natural Mantra Raises Funds
http://www.dealcurry.com/20120821-Eco-Shopping-Portal-Natural-Mantra-Raises-Funds.htm
Natural Mantra raised an undisclosed amount from Freemont Partners.
These funds will be used to shore up the current 4 member team along with expansion of operations.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
------------------------------------------------------------------
1) CCI Approves Sanlam's Stake Buy in Shriram Capital
http://www.dealcurry.com/20120821-CCI-Approves-Sanlam-s-Stake-Buy-in-Shriram-Capital.htm
Sanlam Emerging Markets got the approval from CCI regarding the acquisition of 26% stake in Shriram Financial Ventures.
Sanlam Mauritius had proposed to hold not more than 26% stake in Shriram Capital through Shriram Financial Ventures (Chennai) Pvt. Ltd. which was to be done by subscribing to equity shares of up to 49.9% of the fully paid up equity share capital of Shriram Chennai.
------------------------------------------------------------------
2) IIFL Finance To Raise Funds Through NCDs
http://www.dealcurry.com/20120821-IIFL-Finance-To-Raise-Funds-Through-NCDs.htm
India Infoline Finance – NBFC subsidiary of the IIFL Group will raise up to R500 Cr by issuing NCDs.
Fund raising will be done through a base issue of R250 Cr with an additional option to retain oversubscription up to another R250 Cr. NCDs would be of the face value of R1000, with a 72 months tenure in the nature of subordinated debt and will be eligible for Tier-II capital.
------------------------------------------------------------------
3) Reliance Life Insurance Plans To Sell Stake To Banks
http://www.dealcurry.com/20120821-Reliance-Life-Insurance-Plans-To-Sell-Stake-To-Banks.htm
Reliance Life Insurance is looking to sell 5% stake in the company to banks for expanding base in the bancassurance channel.
It aims at a single partner of 'critical size' while it is in talks with a few banks. Its target is to maintain the relationship between the principal and agent with the bank by capping the banking partner stake at 5%.
------------------------------------------------------------------
4) Gitanjali Gems Acquires Stake In Verite
http://www.dealcurry.com/20120821-Gitanjali-Gems-Acquires-Stake-In-Verite.htm
Gitanjali Gems Limited has acquired 15.3% stake in Verite Co. Ltd, a Japanese jewellery retail chain through its Hong Kong subsidiary Aston Luxury Group Limited.
This acquisition also brings a 50% supply contract to Gitanjali from Verite for its 101 jewellery retail stores in Japan.
------------------------------------------------------------------
5) Bilcare Sells GCS Unit To United Drug
http://www.dealcurry.com/20120821-Bilcare-Sells-GCS-Unit-To-United-Drug.htm
Bilcare Limited signed an agreement with United Drug Plc. for the sale of its Global Clinical Supplies (GCS) businesses in the U.S and U.K.
The deal is valued at $61 Mn and is expected to go through in a couple of months.
GCS is one of three divisions of Bilcare and the company has retained this business in Asia.
------------------------------------------------------------------
6) GTI Capital Invests In Brattle Foods, Webklipper
http://www.dealcurry.com/20120821-GTI-Capital-Invests-In-Brattle-Foods-Webklipper.htm
Brattle Foods Private Limited received undisclosed amount of funds from GTI Capital in a Series B round of investment. GTI also invested an unknown amount in Webklipper Technologies Private Limited.
The funds would be used to expand the facilities of Brattle's, while Webklipper would be utilizing the funds as working capital and in the general expansion of its business.
------------------------------------------------------------------
7) Eco Shopping Portal - Natural Mantra Raises Funds
http://www.dealcurry.com/20120821-Eco-Shopping-Portal-Natural-Mantra-Raises-Funds.htm
Natural Mantra raised an undisclosed amount from Freemont Partners.
These funds will be used to shore up the current 4 member team along with expansion of operations.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
Saturday, August 18, 2012
Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Aug 17, 2012
New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Aug 17, 2012:
------------------------------------------------------------------
1) Wave Infratech To Raise Funds Through Debt-Equity Mix
http://www.dealcurry.com/20120817-Wave-Infratech-To-Raise-Funds-Through-Debt-Equity-Mix.htm
Wave Infratech - part of Ponty Chadha’s Wave Group, is planning to raise around R4000 Cr in the next two months through debt and PE to fund investments in developing the first phase of a township in Noida.
The project is a 152-acre integrated township at Noida named 'Wave City Centre'. First phase of the project includes R10,000 Cr outlay including the land cost. Total size would be 40 Mn sq.ft, of which the company would develop about 10 Mn sq.ft in the first phase to be delivered by 2016.
Wave Infratech has given mandate to IDFC for arranging debts from banks and it can dilute 25% stake in the first phase of the project, MD Manpreet Singh Chadha said.
------------------------------------------------------------------
2) ABG Shipyard Stake Sold By Nippon, Bought By Videocon
http://www.dealcurry.com/20120817-ABG-Shipyard-Stake-Sold-By-Nippon-Bought-By-Videocon.htm
Nippon Investment and Finance Company Pvt. Ltd. sold part stake in ABG Shipyard Limited through the open market and the stake was bought by Videocon Industries Ltd.
Nippon sold 5.5 lakh shares at R366 per share amounting to a sale of R20.13 Cr and the same was bought by Videocon. Nippon had bought the stake at the end of July this year by acquiring 5.14 lakh shares for a total of R19.35 Cr.
------------------------------------------------------------------
3) Claris Stake Bought By Morgan Stanley
http://www.dealcurry.com/20120817-Claris-Stake-Bought-By-Morgan-Stanley.htm
Morgan Stanley Asia (Singapore) Pte. bought stake in Claris Lifesciences Limited through a bulk deal on BSE.
The FII bought 5 lakh shares at R217.89 per share amounting to R10.89 Cr.
------------------------------------------------------------------
4) KKR, Novartis, Pfizer In Race To Acquire Strides' Unit
http://www.dealcurry.com/20120817-KKR-Novartis-Pfizer-In-Race-To-Acquire-Strides-Unit.htm
Strides Arcolabs' injectable-drugs unit, Agila Specialties Private Limited is up for sale and 'serious bidders' for the asset are Novartis and Pfizer along with U.S buyout fund KKR, ET stated.
Strides is expecting to receive anywhere between $1.6-2 Bn for the unit - more than twice its market value.
Strides provides Pfizer with generic versions of off-patent drugs through a partnership announced in 2010.
------------------------------------------------------------------
5) Orbit Corp To Raise Funds - Selling Multiple Projects
http://www.dealcurry.com/20120817-Orbit-Corp-To-Raise-Funds-Selling-Multiple-Projects.htm
Orbit Corp is planning to sell multiple planned projects in Mumbai to raise funds and reduce debt, according to Mint. The company is planning to raise around R400 Cr through exiting a slum redevelopment project in Santacruz (R300 Cr) and by selling its plots of land in Tardeo, Worli and Lalbaug in central Mumbai to other developers (R100 Cr). The company is in talks with several developers.
The company is also willing to sell all or some of its stake in the Kilachand bungalow in south Mumbai later. Orbit Corp has around 50% stake in the property of Kilachand bungalow.
------------------------------------------------------------------
6) Wipro Planning Acquisitions In The Furniture Space
http://www.dealcurry.com/20120817-Wipro-Planning-Acquisitions-In-The-Furniture-Space.htm
Wipro Furniture is looking to make two acquisitions in the furniture business with a furniture brand in Bangalore and another overseas chain.
Wipro Furniture is part of Wipro Consumer Care and Lighting Group (WCCLG).
------------------------------------------------------------------
7) South African Gas Block Acquired By Cairn India
http://www.dealcurry.com/20120817-South-African-Gas-Block-Acquired-By-Cairn-India.htm
Cairn India Limited ventured out of India and bought its first asset in a deep-sea gas discovery block on the west coast of South Africa.
The company bought 60% stake in the 19922 sq.km Block 1 in Orange Basin and has signed a farm-in agreement with South African national oil firm Petroleum Oil and Gas Corporation of South Africa Ltd (PetroSA).
------------------------------------------------------------------
8) ONGC To Rope In Japan's Inpex in KG Block
http://www.dealcurry.com/20120817-ONGC-To-Rope-In-Japan-s-Inpex-in-KG-Block.htm
ONGC is planning to sell 26% stake in its KG-DWN-2004/6 block in the KG - basin to Japanese Inpex Corporation, according to BS. Inpex Corporation being a global player will provide technological support for exploration and drilling of blocks.
If the deal goes through, Inpex will pay ONGC what it has spent on the block in the past proportionately and also meet future expenses according to its share. ONGC is also looking to sell stakes in other holding blocks.
The block KG-DWN-2004/6 was awarded to a consortium of ONGC (60%), HPCL (10%), GSPC (10%), GAIL (10%) and OIL (10%) under NELP – VI bidding round. The production-sharing contract for the block was signed on March ’07.
------------------------------------------------------------------
9) Tata Global Acquires Russian Firm - SuntyCo Holding
http://www.dealcurry.com/20120817-Tata-Global-Acquires-Russian-Firm-SuntyCo-Holding.htm
Tata Global Beverages Limited has acquired the balance 49% of SuntyCo Holding Limited, the owner of the 'Grand' business in Russia.
Tata Global through one of its overseas subsidiary along with European Bank of Reconstruction and Development (EBRD) had acquired 51% of SuntyCo Holding in 2009.
The company through its overseas subsidiary has now completed the acquisition of the balance 49% of the Grand business in Russia by exercising the option it had to acquire this stake at the time of the original acquisition, according to the BSE filing.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
------------------------------------------------------------------
1) Wave Infratech To Raise Funds Through Debt-Equity Mix
http://www.dealcurry.com/20120817-Wave-Infratech-To-Raise-Funds-Through-Debt-Equity-Mix.htm
Wave Infratech - part of Ponty Chadha’s Wave Group, is planning to raise around R4000 Cr in the next two months through debt and PE to fund investments in developing the first phase of a township in Noida.
The project is a 152-acre integrated township at Noida named 'Wave City Centre'. First phase of the project includes R10,000 Cr outlay including the land cost. Total size would be 40 Mn sq.ft, of which the company would develop about 10 Mn sq.ft in the first phase to be delivered by 2016.
Wave Infratech has given mandate to IDFC for arranging debts from banks and it can dilute 25% stake in the first phase of the project, MD Manpreet Singh Chadha said.
------------------------------------------------------------------
2) ABG Shipyard Stake Sold By Nippon, Bought By Videocon
http://www.dealcurry.com/20120817-ABG-Shipyard-Stake-Sold-By-Nippon-Bought-By-Videocon.htm
Nippon Investment and Finance Company Pvt. Ltd. sold part stake in ABG Shipyard Limited through the open market and the stake was bought by Videocon Industries Ltd.
Nippon sold 5.5 lakh shares at R366 per share amounting to a sale of R20.13 Cr and the same was bought by Videocon. Nippon had bought the stake at the end of July this year by acquiring 5.14 lakh shares for a total of R19.35 Cr.
------------------------------------------------------------------
3) Claris Stake Bought By Morgan Stanley
http://www.dealcurry.com/20120817-Claris-Stake-Bought-By-Morgan-Stanley.htm
Morgan Stanley Asia (Singapore) Pte. bought stake in Claris Lifesciences Limited through a bulk deal on BSE.
The FII bought 5 lakh shares at R217.89 per share amounting to R10.89 Cr.
------------------------------------------------------------------
4) KKR, Novartis, Pfizer In Race To Acquire Strides' Unit
http://www.dealcurry.com/20120817-KKR-Novartis-Pfizer-In-Race-To-Acquire-Strides-Unit.htm
Strides Arcolabs' injectable-drugs unit, Agila Specialties Private Limited is up for sale and 'serious bidders' for the asset are Novartis and Pfizer along with U.S buyout fund KKR, ET stated.
Strides is expecting to receive anywhere between $1.6-2 Bn for the unit - more than twice its market value.
Strides provides Pfizer with generic versions of off-patent drugs through a partnership announced in 2010.
------------------------------------------------------------------
5) Orbit Corp To Raise Funds - Selling Multiple Projects
http://www.dealcurry.com/20120817-Orbit-Corp-To-Raise-Funds-Selling-Multiple-Projects.htm
Orbit Corp is planning to sell multiple planned projects in Mumbai to raise funds and reduce debt, according to Mint. The company is planning to raise around R400 Cr through exiting a slum redevelopment project in Santacruz (R300 Cr) and by selling its plots of land in Tardeo, Worli and Lalbaug in central Mumbai to other developers (R100 Cr). The company is in talks with several developers.
The company is also willing to sell all or some of its stake in the Kilachand bungalow in south Mumbai later. Orbit Corp has around 50% stake in the property of Kilachand bungalow.
------------------------------------------------------------------
6) Wipro Planning Acquisitions In The Furniture Space
http://www.dealcurry.com/20120817-Wipro-Planning-Acquisitions-In-The-Furniture-Space.htm
Wipro Furniture is looking to make two acquisitions in the furniture business with a furniture brand in Bangalore and another overseas chain.
Wipro Furniture is part of Wipro Consumer Care and Lighting Group (WCCLG).
------------------------------------------------------------------
7) South African Gas Block Acquired By Cairn India
http://www.dealcurry.com/20120817-South-African-Gas-Block-Acquired-By-Cairn-India.htm
Cairn India Limited ventured out of India and bought its first asset in a deep-sea gas discovery block on the west coast of South Africa.
The company bought 60% stake in the 19922 sq.km Block 1 in Orange Basin and has signed a farm-in agreement with South African national oil firm Petroleum Oil and Gas Corporation of South Africa Ltd (PetroSA).
------------------------------------------------------------------
8) ONGC To Rope In Japan's Inpex in KG Block
http://www.dealcurry.com/20120817-ONGC-To-Rope-In-Japan-s-Inpex-in-KG-Block.htm
ONGC is planning to sell 26% stake in its KG-DWN-2004/6 block in the KG - basin to Japanese Inpex Corporation, according to BS. Inpex Corporation being a global player will provide technological support for exploration and drilling of blocks.
If the deal goes through, Inpex will pay ONGC what it has spent on the block in the past proportionately and also meet future expenses according to its share. ONGC is also looking to sell stakes in other holding blocks.
The block KG-DWN-2004/6 was awarded to a consortium of ONGC (60%), HPCL (10%), GSPC (10%), GAIL (10%) and OIL (10%) under NELP – VI bidding round. The production-sharing contract for the block was signed on March ’07.
------------------------------------------------------------------
9) Tata Global Acquires Russian Firm - SuntyCo Holding
http://www.dealcurry.com/20120817-Tata-Global-Acquires-Russian-Firm-SuntyCo-Holding.htm
Tata Global Beverages Limited has acquired the balance 49% of SuntyCo Holding Limited, the owner of the 'Grand' business in Russia.
Tata Global through one of its overseas subsidiary along with European Bank of Reconstruction and Development (EBRD) had acquired 51% of SuntyCo Holding in 2009.
The company through its overseas subsidiary has now completed the acquisition of the balance 49% of the Grand business in Russia by exercising the option it had to acquire this stake at the time of the original acquisition, according to the BSE filing.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
Friday, August 17, 2012
Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Aug 16, 2012
New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Aug 16, 2012:
------------------------------------------------------------------
1) IDFC MF Sells Stake In Novartis India
http://www.dealcurry.com/20120816-IDFC-MF-Sells-Stake-In-Novartis-India.htm
IDFC MF sold its stake in Novartis India Limited through a bulk deal on BSE.
The MF - through IDFC Small and Midcap Equity SME Fund sold 220217 shares at R670.02 per share amounting to R14.75 Cr. The fund was not listed as a major stakeholder with the company and thus seems to have exited fully.
------------------------------------------------------------------
2) BP May Sell Malaysian Plant To Reliance
http://www.dealcurry.com/20120816-BP-May-Sell-Malaysian-Plant-To-Reliance.htm
Reliance Industries Limited is planning to buy the Malaysian petrochemicals plant of British oil firm BP (previously known as British Petroleum).
The acquisition could help at full integration of the company’s business in Malaysia resulting in cost effectiveness.
The asset is a 610000 tonnes purified terephthalic acid (PTA) plant in Kuantan, Pahang in Malaysia.
------------------------------------------------------------------
3) Parry Nutraceuticals Looking For Acquistions
http://www.dealcurry.com/20120816-Parry-Nutraceuticals-Looking-For-Acquistions.htm
Murugappa Group’s Parry Nutraceuticals is looking for acquisitions in dietary supplement to strengthen its OTC nutritional supplements business, according to BS.
The areas of acquisitions can be a brand, product and distribution infrastructure in both domestic and international markets.
------------------------------------------------------------------
4) L&T To Acquire Audco India From Flowserve
http://www.dealcurry.com/20120816-L-T-To-Acquire-Audco-India-From-Flowserve.htm
L&T Limited is planning to buyout 50% stake in JV – Audco India Limited from JV partner Flowserve Corp to strengthen its core valves business,according to Mint.
Last year, L&T sold its entire 50% stake in L&T-CASE Equipment Private Limited to it's JV partner CNH Global NV.
------------------------------------------------------------------
5) Peepul Capital Invests In Consul Consolidated, Cura Healthcare
http://www.dealcurry.com/20120816-Peepul-Capital-Invests-In-Consul-Consolidated-Cura-Healthcare.htm
Peepul Capital LLC has invested around $15-$25 Mn each in Consul Consolidated Private Limited, a power solution company, and Cura Healthcare Private Limited, a high-end radiology equipment maker.
Consul Consolidated was founded in 1981 by N Ramesh Sankaran, K N Raja, K Sunder, and N P Krishnan. Based in Chennai, Consul manufactures PCE such as voltage stabilisers, uninterrupted power supply (UPS) systems, isolation transformers, and lighting energy savers.
------------------------------------------------------------------
6) GAIL May Acquire Stake In Russian Gas Plant
http://www.dealcurry.com/20120816-GAIL-May-Acquire-Stake-In-Russian-Gas-Plant.htm
GAIL India Limited is planning to buy stake in the planned 10 Mn tonne LNG plant at Vladivostok on the Pacific coast in Russia.
The acquisition would be to cater to the growing energy needs of India and thus import the natural gas from Russia.
The plant is a $7 Bn project and the Russian gas monopoly Gazprom looks to start output of LNG by 2016-2017.
------------------------------------------------------------------
7) ICICI Raises Funds Through International Bond Sale
http://www.dealcurry.com/20120816-ICICI-Raises-Funds-Through-International-Bond-Sale.htm
ICICI Bank has raised $750 Mn through issue of 5.5 year fixed rate notes carrying coupon rate of 4.70%.
The notes were issued at 99.813% (of the value of the bonds), which is a spread of 364 basis points over the equivalent LIBOR, according to BSE filing.
Bank of America Merrill Lynch, Citi, HSBC, J.P. Morgan and Stan Chart Bank were the lead arranger.
------------------------------------------------------------------
8) Mystery Shopping Firm RedQuanta Gets Seed Funds
http://www.dealcurry.com/20120816-Mystery-Shopping-Firm-RedQuanta-Gets-Seed-Funds.htm
RedQuanta secured a round of seed funding from various investors including India Quotient, Blume Ventures, India Venture Partners and other angel investors, Startupcentral reports. The amount of money received is undisclosed.
India Quotient had commenced its debut fund in June this year and had listed RedQuanta in its portfolio at that time.
------------------------------------------------------------------
9) Blackstone To Exit Synergy Property
http://www.dealcurry.com/20120816-Blackstone-To-Exit-Synergy-Property.htm
Blackstone Real Estate Partners is planning to exit its four year old investment in Synergy Property Development Services, according to BS.
Blackstone invested around $18 Mn for 35% stake in Synergy in 2008.
------------------------------------------------------------------
10) Sahara To Buy Beverly Hilton Hotel
http://www.dealcurry.com/20120816-Sahara-To-Buy-Beverly-Hilton-Hotel.htm
Sahara Group is planning to acquire 55% stake in the Beverly Hilton Hotel for about $340 Mn from Oasis West Realty.
Earlier this year, Sahara bought a controlling stake in New York’s famed Plaza Hotel for $570 Mn.
------------------------------------------------------------------
11) MAS Financial Raises Growth Cap From DEG
http://www.dealcurry.com/20120816-MAS-Financial-Raises-Growth-Cap-From-DEG.htm
NBFC from Gujarat - MAS Financial Services Limited has raised growth capital from DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH.
According to Financial Express, ICICI Venture has exited the NBFC and DEG invested EUR 10 Mn in the firm.
Avendus Capital was the financial advisor to MAS Financial Services Ltd.
Earlier in May, IFC was planning to invest around $12 Mn in the company to expand the capital base and its operations.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
------------------------------------------------------------------
1) IDFC MF Sells Stake In Novartis India
http://www.dealcurry.com/20120816-IDFC-MF-Sells-Stake-In-Novartis-India.htm
IDFC MF sold its stake in Novartis India Limited through a bulk deal on BSE.
The MF - through IDFC Small and Midcap Equity SME Fund sold 220217 shares at R670.02 per share amounting to R14.75 Cr. The fund was not listed as a major stakeholder with the company and thus seems to have exited fully.
------------------------------------------------------------------
2) BP May Sell Malaysian Plant To Reliance
http://www.dealcurry.com/20120816-BP-May-Sell-Malaysian-Plant-To-Reliance.htm
Reliance Industries Limited is planning to buy the Malaysian petrochemicals plant of British oil firm BP (previously known as British Petroleum).
The acquisition could help at full integration of the company’s business in Malaysia resulting in cost effectiveness.
The asset is a 610000 tonnes purified terephthalic acid (PTA) plant in Kuantan, Pahang in Malaysia.
------------------------------------------------------------------
3) Parry Nutraceuticals Looking For Acquistions
http://www.dealcurry.com/20120816-Parry-Nutraceuticals-Looking-For-Acquistions.htm
Murugappa Group’s Parry Nutraceuticals is looking for acquisitions in dietary supplement to strengthen its OTC nutritional supplements business, according to BS.
The areas of acquisitions can be a brand, product and distribution infrastructure in both domestic and international markets.
------------------------------------------------------------------
4) L&T To Acquire Audco India From Flowserve
http://www.dealcurry.com/20120816-L-T-To-Acquire-Audco-India-From-Flowserve.htm
L&T Limited is planning to buyout 50% stake in JV – Audco India Limited from JV partner Flowserve Corp to strengthen its core valves business,according to Mint.
Last year, L&T sold its entire 50% stake in L&T-CASE Equipment Private Limited to it's JV partner CNH Global NV.
------------------------------------------------------------------
5) Peepul Capital Invests In Consul Consolidated, Cura Healthcare
http://www.dealcurry.com/20120816-Peepul-Capital-Invests-In-Consul-Consolidated-Cura-Healthcare.htm
Peepul Capital LLC has invested around $15-$25 Mn each in Consul Consolidated Private Limited, a power solution company, and Cura Healthcare Private Limited, a high-end radiology equipment maker.
Consul Consolidated was founded in 1981 by N Ramesh Sankaran, K N Raja, K Sunder, and N P Krishnan. Based in Chennai, Consul manufactures PCE such as voltage stabilisers, uninterrupted power supply (UPS) systems, isolation transformers, and lighting energy savers.
------------------------------------------------------------------
6) GAIL May Acquire Stake In Russian Gas Plant
http://www.dealcurry.com/20120816-GAIL-May-Acquire-Stake-In-Russian-Gas-Plant.htm
GAIL India Limited is planning to buy stake in the planned 10 Mn tonne LNG plant at Vladivostok on the Pacific coast in Russia.
The acquisition would be to cater to the growing energy needs of India and thus import the natural gas from Russia.
The plant is a $7 Bn project and the Russian gas monopoly Gazprom looks to start output of LNG by 2016-2017.
------------------------------------------------------------------
7) ICICI Raises Funds Through International Bond Sale
http://www.dealcurry.com/20120816-ICICI-Raises-Funds-Through-International-Bond-Sale.htm
ICICI Bank has raised $750 Mn through issue of 5.5 year fixed rate notes carrying coupon rate of 4.70%.
The notes were issued at 99.813% (of the value of the bonds), which is a spread of 364 basis points over the equivalent LIBOR, according to BSE filing.
Bank of America Merrill Lynch, Citi, HSBC, J.P. Morgan and Stan Chart Bank were the lead arranger.
------------------------------------------------------------------
8) Mystery Shopping Firm RedQuanta Gets Seed Funds
http://www.dealcurry.com/20120816-Mystery-Shopping-Firm-RedQuanta-Gets-Seed-Funds.htm
RedQuanta secured a round of seed funding from various investors including India Quotient, Blume Ventures, India Venture Partners and other angel investors, Startupcentral reports. The amount of money received is undisclosed.
India Quotient had commenced its debut fund in June this year and had listed RedQuanta in its portfolio at that time.
------------------------------------------------------------------
9) Blackstone To Exit Synergy Property
http://www.dealcurry.com/20120816-Blackstone-To-Exit-Synergy-Property.htm
Blackstone Real Estate Partners is planning to exit its four year old investment in Synergy Property Development Services, according to BS.
Blackstone invested around $18 Mn for 35% stake in Synergy in 2008.
------------------------------------------------------------------
10) Sahara To Buy Beverly Hilton Hotel
http://www.dealcurry.com/20120816-Sahara-To-Buy-Beverly-Hilton-Hotel.htm
Sahara Group is planning to acquire 55% stake in the Beverly Hilton Hotel for about $340 Mn from Oasis West Realty.
Earlier this year, Sahara bought a controlling stake in New York’s famed Plaza Hotel for $570 Mn.
------------------------------------------------------------------
11) MAS Financial Raises Growth Cap From DEG
http://www.dealcurry.com/20120816-MAS-Financial-Raises-Growth-Cap-From-DEG.htm
NBFC from Gujarat - MAS Financial Services Limited has raised growth capital from DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH.
According to Financial Express, ICICI Venture has exited the NBFC and DEG invested EUR 10 Mn in the firm.
Avendus Capital was the financial advisor to MAS Financial Services Ltd.
Earlier in May, IFC was planning to invest around $12 Mn in the company to expand the capital base and its operations.
------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
Subscribe to:
Posts (Atom)
