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:

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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