New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Aug 22, 2012:
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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