Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 26, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 26, 2012:

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1) KKR Hires CitiGroup's Tashwinder As Director At India Operations
http://www.dealcurry.com/20120326-KKR-Hires-CitiGroup-s-Tashwinder-As-Director-At-India-Operations.htm

Kohlberg Kravis Roberts & Co LP has hired Tashwinder Singh as director at KKR India.

Tashwinder Singh  joins KKR after serving over 18 years at Citigroup India. KKR said Singh will be tasked with identifying and developing strategic partnerships to grow its private equity and non-banking financial company operations in India.

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2) Warburg Pincus Exits Kotak Mahindra Bank
http://www.dealcurry.com/20120326-Warburg-Pincus-Exits-Kotak-Mahindra-Bank.htm

Warburg Pincus has exited Kotak Mahindra by selling it's residual 3.6% stake in the company for R1404Cr.

According to a report on FoxBusiness, about 26.5Mn shares of Kotak Mahindra Bank Ltd. were sold at R530 apiece in a block deal on the BSE.

Warburg Pincus had part exited Kotak by selling 17.5Mn shares at a price of R490 per share aggregating to R857.5Cr in February this year.

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3) TRF Acquires 49% Stake In York Transport Equipment
http://www.dealcurry.com/20120326-TRF-Acquires-49-Stake-In-York-Transport-Equipment.htm

TRF Limited is acquiring balance 49% stake in Singapore  based York Transport Equipment Asia Pte Limited for SGD 22.17 Mn.

In Oct 2007, TRF Ltd had acquired 51% stake in York Transport from Bakers Technology Limited through it's wholly owned subsidiary, TRF Singapore Pte. Ltd. and had also entered into a Call & Put Option Agreement for acquisition of balance 49% of equity shares.

TRF exercised the call option to acquire 12.36Mn shares, representing 49% stake for purchase consideration of SGD 22.17 Mn.

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4) Omidyar Network Invests In EnglishHelper And Akshara Foundation
http://www.dealcurry.com/20120326-Omidyar-Network-Invests-In-EnglishHelper-And-Akshara-Foundation.htm

Omidyar Network has announced investments in two startups. It has made a $950,000 three-year grant to Akshara Foundation, a Bangalore-based public charitable trust focused on education and has acquired an undisclosed equity stake in Delhi-based English language training solutions company EnglishHelper.

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5) IFC, GEF Clean Energy Fund To Invest $4.5Mn In Kalki Communication
http://www.dealcurry.com/20120326-IFC-GEF-Clean-Energy-Fund-To-Invest-4-5Mn-In-Kalki-Communication.htm

Bangalore based IT services firm - Kalki Communication Technologies Pvt Ltd is raising $4.50Mn from IFC and GEF South Asia Clean Energy Fund, L.P for new product development and to grow the company's business development capabilities in new and existing markets.

IFC may invest $1.35Mn through quasi-equity or convertible instruments, while the balance $3.15Mn will be invested by GEF South Asia Clean Energy Fund.

Additionally, IFC & GEF may finance a second round of $2Mn and third round of $5Mn equity for use in further business development activities.

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6) Jindal Poly Films To Divest 60% in French Subsidiary - Jindal France SAS
http://www.dealcurry.com/20120326-Jindal-Poly-Films-To-Divest-60-in-French-Subsidiary-Jindal-France-SAS.htm

Jindal Poly Films Limited, a part of R3000Cr BC Jindal Group is divesting 60% in Jindal France SAS.

Pursuant to this disinvestment, Jindal France SAS and Rexor S.A. will cease to be subsidiaries of the company.

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7) NSR Partners May Invest In Adigas Restaurant Chain
http://www.dealcurry.com/20120326-NSR-Partners-May-Invest-In-Adigas-Restaurant-Chain.htm

New Silk Route Partners may invest in South Indian vegetarian restaurant and fast food chain - Adiga. The valuation could be about R200Cr.

According to ToI, post transaction, the PE investor could emerge as the largest shareholder but the promoter family would continue to manage the growing business.

The funds will be used for expanding it's network across the country.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 23, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 23, 2012:

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1) Copthall Mauritius Acquires Additional Stake In LIC Housing
http://www.dealcurry.com/20120323-Copthall-Mauritius-Acquires-Additional-Stake-In-LIC-Housing.htm

Copthall Mauritius Investment Ltd has acquired additional stake in LIC Housing Finance through open market transaction from CLSA.

According to block deal data available on the stock exchanges, Copthall Mauritius Investments purchased 16,039,061 shares of LIC Housing Finance for R255.35 a piece, valuing the transaction at R409.55Cr from the open market.

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2) Helion Ventures Raises $225 Mn Fund
http://www.dealcurry.com/20120323-Helion-Ventures-Raises-225-Mn-Fund.htm

Helion Ventures Partners has raised $225 Mn third fund.

The fund will invest in technology powered startups across sectors including internet, mobile and technology products, and also selective exposure to the consumer services space.

The fund will invest between $2Mn and $10Mn and with an investment horizon of 5-7 years.

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3) Dhanlaxmi Bank May Exit Destimoney, Sell 15% Stake
http://www.dealcurry.com/20120323-Dhanlaxmi-Bank-May-Exit-Destimoney-Sell-15-Stake.htm

Dhanlakshmi Bank is planning to exit by selling its 15% stake in Destimoney Securities Private Limited.

The bank is planning to sell stake after the Reserve Bank of India raised objection to the old-generation private sector bank being categorised as the dominant promoter group.

In 2010, Dhanlaxmi Bank acquired 15 % stake in Destimoney Securities for R13Cr.

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4) Naturex Acquires Natural Colors Producer - Valentine Agro
http://www.dealcurry.com/20120323-Naturex-Acquires-Natural-Colors-Producer-Valentine-Agro.htm

Plant-based ingredients supplier - Naturex has acquired Mumbai based natural colors producer Valentine Agro Limited. The terms of the transaction were not disclosed.

This acquisition is a part of Naturex's strategy of acceleration of its development by targeting dynamic markets with high potential for growth and that provide synergies for the group.

According to the press release, with this acquisition Naturex will become a local producer in India and will ensure promotion for all of the Group's product ranges while benefiting from the existing commercial structure and to develop close relations with the Indian food industry.

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5) Advent To Acquire Majority Stake In Care Hospitals
http://www.dealcurry.com/20120323-Advent-To-Acquire-Majority-Stake-In-Care-Hospitals.htm

Advent International may acquire majority stake in Hyderabad-based – Care Hospitals Private Limited, a hospital chain.

Rakesh Jhunjhunwala, Nimmagadda Prasad - founder of Matrix Labs and UK-based Ashmore together hold about 80% in the hospital and the remaining is held by management, according to BS.

Founded in 1997 by B. Soma Raju, Care Hospitals is a multi-specialty hospital chain comprising of 1600 beds across 12 hospitals. It has presence in Bhubhaneswar, Nagpur, Secundarabad Surat and Vizag.

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6) Thermax Acquires Germany Based Rifox Hans Richter
http://www.dealcurry.com/20120323-Thermax-Acquires-Germany-Based-Rifox-Hans-Richter.htm

Pune based Thermax Ltd has acquired the steam division of Virgo Valves and Controls Ltd and its German Subsidiary- Rifox Hans Richter GmbH for R12.39Cr. Virgo Valves and Controls Ltd was incorporated as a 100% EOU in 2004 as a wholly owned subsidiary of Virgo Engineers Ltd.  Headquartered in Bremen, Germany, Rifox has a tradition of over 60 years in manufacturing steam efficiency products for a wide range of industries. Its core products are various types of steam traps and vent valves, with highest pressure up to 250 kg/cm2 and temperature up to 530º C.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 22, 2012

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

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1) B Braun To Acquire 26% In Ahlcon Parenterals
http://www.dealcurry.com/20120322-B-Braun-To-Acquire-26-In-Ahlcon-Parenterals.htm

B Braun Singapore Pte Ltd is acquiring 26% in New Delhi based Ahlcon Parenterals (India) Ltd through an open offer.

B Braun will acquire 1,872,039 equity shares from the shareholders of Ahlcon Parenterals at a price of R460 per share.

Deutsche Equities India Pvt Ltd has been appointed as Manager to the Open Offer.

According to the filing on BSE, the acquisition is proposed to be in range of 49% to 70.49%.

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2) GE To Acquire Majority Stake In Advanced Systek
http://www.dealcurry.com/20120322-GE-To-Acquire-Majority-Stake-In-Advanced-Systek.htm

General Electric Co is acquiring majority stake in Baroda based automation systems and flow metering solutions provider - Advanced Systek Private Limited. Financial details of the transaction were not disclosed.

The transaction will enhance GE's ability to offer solutions to customers in regions such as South Asia and the Middle East. Under the terms of the transaction, the senior management team of Advanced Systek will continue to serve as directors and will work with GE to utilize their industry expertise to help the business grow

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3) Muthoot Finance Promoter's To Dilute 10% Stake
http://www.dealcurry.com/20120322-Muthoot-Finance-Promoter-s-To-Dilute-10-Stake.htm

Promoters of Muthoot Finance Limited is planning to raise funds by diluting 10% stake for expansion activites.

The company is looking at raising R500-600Cr in the combination of debt and equity; with plans to add another 300-400 branches in the next fiscal.

Currently, Promoters and promoter group together hold 80.12% stake in the company.

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4) Gurgaon Based AllSchoolStuff Raises Angel Funding
http://www.dealcurry.com/20120322-Gurgaon-Based-AllSchoolStuff-Raises-Angel-Funding.htm

Gurgaon based AllSchoolStuff.com, online retail store for all school, learning and educational needs has raised angel funding from Angel Investors Consortium.

The funds raised will be used for setting up infrastructure, expanding the team, customer acquisition and streamlining the supply chain.

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5) Ultratech Cement May Acquire Adhunik MSP Cement's Meghalaya Plant
http://www.dealcurry.com/20120322-Ultratech-Cement-May-Acquire-Adhunik-MSP-Cement-s-Meghalaya-Plant.htm

Ultratech Cement may acquire Adhunik MSP Cement's Meghalaya plant for over R700Cr. Ultratech cement is interesting to buy the plant to increase it's presence in the North eastern market.

According to a report on ET, due diligence for the unit located at the limestone-rich Jaintia Hills has been completed and the fate of the deal hinges on the availability of some statutory no-objection certificates as mining leases and environmental clearances are prerequisites for any large manufacturing transactions in the North-East.

Also there is an another MNC possibly Lafarge is also interested in acquiring the cement plant as it is facing some environmental opposition in setting up a 1.1 Mn tonne cement unit at Jaintia Hills and may go for a readymade unit.

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6) Blackstone, Bain Capital May Buyout Euronet India ATM Biz
http://www.dealcurry.com/20120322-Blackstone-Bain-Capital-May-Buyout-Euronet-India-ATM-Biz.htm

Blackstone Group and Bain Capital are planning to buyout the Euronet Services India Private Limited - Indian ATM business of Euronet Worldwide Inc.

According to ET, Euronet's electronic financial transaction segment is facing profitability pressures due to steady climb in costs, with a substantial portion of the business of ATMs coming from India, it plans to sell the unit.

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7) KEPCO Acquires 40% Stake In Pioneer Gas Power For R500Cr
http://www.dealcurry.com/20120322-KEPCO-Acquires-40-Stake-In-Pioneer-Gas-Power-For-R500Cr.htm

South Korea based Korea Electric PowerCorp is acquiring 40% stake in Pioneer Gas Power, which is setting up a 388 MW gas-based power plant in Maharashtra. The deal size could be around R500Cr.

According to a report on ET, KEPCO will buy the stake through it's subsidiary KOWEPO. It will pick up around 23% in the first tranche and the balance later. The financial closure will be completed through a consortium of nine banks, with IFCI being the lead institution.

Singapore based vTrium Energy is the transaction advisor and Lodha Capital Markets is advising Pioneer Gas Power on the deal.

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8) Parsvnath Developers To Raise R120Cr From Kotak Realty Fund
http://www.dealcurry.com/20120322-Parsvnath-Developers-To-Raise-R120Cr-From-Kotak-Realty-Fund.htm

Kotak Realty Fund is investing R120Cr for a 20% stake in Parsvnath Developers' SPV, which will develop township project in Gurgoan.In January 2011, Parsvnath Buildwell Private Ltd raised R100Cr from SUN-Apollo India Real Estate Fund LLC by diluting 49.9% stake, to fund its residential project in Ghaziabad. Last year in May, it raised $30Mn from JP Morgan for it's residential project - La Tropicana.

According to ET, the project is 100-acre integrated township project on Sohna Road in Gurgaon. It will be largely residential in nature with some commercial and retail developments, and will be launched in the next two months.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 21, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 21, 2012:

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1) Australia Based Amcor Acquires Uniglobe Packaging
http://www.dealcurry.com/20120321-Australia-Based-Amcor-Acquires-Uniglobe-Packaging.htm

Australia based Amcor Ltd has acquired Uniglobe Packaging Private Limited, a packaging firm for $20.7Mn to expand market in India .

With this deal, Amcor will increase its facility in India from three to five plants.

Founded in 1999, Uniglobe Packaging provides packaging for the food, personal care and health sectors. Its clients include Hindustan Unilever and Cadbury India.

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2) GVK Power To Sell Stake In Alpha Coal Project To Raise Funds
http://www.dealcurry.com/20120321-GVK-Power-To-Sell-Stake-In-Alpha-Coal-Project-To-Raise-Funds.htm

GVK Power & Infrastructure is planning to sell stake in Alpha coal project and related port and rail assets in Australia to raise funds for $10Bn cost of the projects.

According to Paul Mulder, chief executive of Hancock Coal, the Australian arm of GVK, the process is under way, with Macquarie advising on the sale of the infrastructure stake while Citi is advising on the sale of the mine stake.

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3) Lodha Developer's Subsidiary - Lodha Dwellers To Raise R100Cr Via NCD Issue
http://www.dealcurry.com/20120321-Lodha-Developer-s-Subsidiary-Lodha-Dwellers-To-Raise-R100Cr-Via-NCD-Issue.htm

Lodha Dwellers Private Limited is planning to raise R100Cr through NCD by issuing 100 Secured Redeemable NCDs of face value of R1Cr each.

Lodha Dwellers Pvt Ltd (LDPL) was established in 2005 and is a 100% subsidiary of the Lodha Developers Ltd.  Lodha Dwellers is a special purpose vehicle through which currently four projects are being executed, namely, Casa Rio, Casa Bella, Casa Bella Gold and Golf Links.

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4) Germany's Gruner + Jahr Acquires Networkplay Media
http://www.dealcurry.com/20120321-Germany-s-Gruner-Jahr-Acquires-Networkplay-Media.htm

Germany based Gruner + Jahr has acquired Networkplay Media Private Limited, which operates a digital ad network.

Founded in 2008 by Rammohan Sundaram, Sunil Punjabi, Ampreet Singh and Viren Anand - a team of ex-Yahoo India employees.  The company offers online advertising services and publishes a digital marketing site imediaconnection.in.

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5) CLSA Acquires 7.63% Stake In Prajay Engineers
http://www.dealcurry.com/20120321-CLSA-Acquires-7-63-Stake-In-Prajay-Engineers.htm

CLSA Mauritius Ltd has acquired 7.63% stake in Hyderabad based real estate company – Prajay Engineers Syndicate Limited for R5.07Cr through open market transaction.

CLSA Mauritius bought 5336134 shares at a price of R9.5 per share from Merlin Securities – subsidiary of Legatum Capital on NSE.

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6) Mahindra Satyam Merges With Tech Mahindra
http://www.dealcurry.com/20120321-Mahindra-Satyam-Merges-With-Tech-Mahindra.htm

Satyam Computer Services Limited or Mahindra Satyam is merging with it's parent entity Tech Mahindra Limited.

According to the filing on BSE, the exchange ratio for the shares has been fixed as 2:17 i.e 2 shares of Tech Mahindra to be issued for 17 shares of Mahindra Satyam.

On a pro-forma basis, the Mahindra Group will own 26.3% stake in the combined entity, British Telecom will own 12.8%, 10.4% will be held as treasury stock,34.4% will be with the public shareholders of Mahindra Satyam and the balance 16.1% stake will be held by the public share holders of Tech Mahindra.

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7) Coffee Day Resorts To Issue NCDs To Raise Upto R75Cr
http://www.dealcurry.com/20120321-Coffee-Day-Resorts-To-Issue-NCDs-To-Raise-Upto-R75Cr.htm

Coffee Day Resorts Private Limited is raising R75Cr through NCDs with tenure of 18 months.

Coffee Day Resorts Private Limited is a privately held company of the Cafe Coffee Day group (CCD). The CCD group has several other businesses in the consumer and infrastructure sectors. Cafe Coffee Day is a division of India's largest coffee conglomerate, the Amalgamated Bean Coffee Trading Company Limited.

Promoter - V. G. Siddhartha and family holds approximately 71.4% stake in Coffee Day Resorts, around 10.7% each is held by KKR and NSR partners, and 7.14% is held by Standard Chartered Private Equity.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Feb 6, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Feb 6, 2012:

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1) FIIs Invest R200Cr In Suraj Diamonds
http://www.dealcurry.com/2012026-FIIs-Invest-R200Cr-In-Suraj-Diamonds.htm

Suraj Diamonds and Jewellery Ltd raised R200Cr by alloting shares to four FIIs.

It alloted 10.18Mn shares to Passage to India Master Fund Ltd, 9.82Mn shares to Sparrow Asia Diversified Opportunities Fund, 8.55Mn shares to Davos International Fund and 7.82 shares to Leman Diversified Fund.

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2) Assotech To Raise R75Cr From Sun Apollo
http://www.dealcurry.com/2012026-Assotech-To-Raise-R75Cr-From-Sun-Apollo.htm

Assotech Limited is raising R75Cr from Sun Apollo India Real Estate Fund by selling 49% stake in a housing project in Gurgaon.

Assotech is developing the project - Assotech Blith - in a 12-acre land with a total estimated project cost of R500Cr.

The company has acquired land for R152Cr of which R75Cr will come from Sun Apollo.

Founded in 1987 by Sanjeev Srivastva, Assotech is a engaged in real estate development  by creating tailor made Residential, Retail, Corporate, Hospitality and Healthcare projects.

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3) Subex To Restructure FCCBs
http://www.dealcurry.com/2012026-Subex-To-Restructure-FCCBs.htm

Subex is applying to RBI for an extension of the maturity dates of it's FCCBs from 9th March'2012 to 9th July'2012, as it is talking with the bondholders to restructure the bonds.

Subex had raised $180Mn by issung FCCBs to acquire Syndesis Limited in 2007. It acquired Syndesis for $164Mn. But the acquisition turned sour in the financial crises, when Subex stock was beaten down to R18 from R803.

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4) Kotak Realty Fund Invests R80Cr In Orris Infrastructure
http://www.dealcurry.com/2012026-Kotak-Realty-Fund-Invests-R80Cr-In-Orris-Infrastructure.htm

Kotak Realty Fund is investing R80Cr in Gurgaon based Orris Infrastructure for it's group housing project.

According to Bar&Bench, the investment is by way of subscription to secured OCCPS issued by Orris Infrastructure. The tenor of the debentures is 45 months from the date of issue. The investment is through an escrow mechanism devised for this purpose. The other security includes mortgage over the land comprising the group-housing project as well as personal guarantee of promoters.

SNG & Partners advised Kotak India Real Estate Fund, while Dua Associates advised Orris Infrastructure.

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5) IndiaHomes Raises $4Mn From Helion Venture, Foundation Capital, May Acquire IT Firm
http://www.dealcurry.com/2012026-IndiaHomes-Raises-4Mn-From-Helion-Venture-Foundation-Capital-May-Acquire-IT-Firm.htm

IndiaHomes, a real estate brokerage firm has raised $4Mn from Helion Venture Capital and Foundation Capital and is planning to raise $6Mn over next one year for expansion. The company is planning to acquire Mumbai-based IT firm to boost online transactions.

Agni Property has re-branded itself as IndiaHomes and has launched a new property pricing software – Goldmine.

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6) Unitus Seed Fund Invests In Bodhicrew Services, Hippocampus Learning, Milaap Social
http://www.dealcurry.com/2012026-Unitus-Seed-Fund-Invests-In-Bodhicrew-Services-Hippocampus-Learning-Milaap-Social.htm

Unitus Labs has launched Unitus Seed Fund - a seed stage venture fund to invest in Indian startup businesses with potential for large-scale poverty impact.

The fund has also made announcement of its first three investments in Indian startups - Bodhicrew Services, Hippocampus Learning Centres, and Milaap Social Ventures.

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7) Piramal Healthcare Acquires Additional 5.5% Stake In Vodafone From Essar
http://www.dealcurry.com/2012026-Piramal-Healthcare-Acquires-Additional-5-5-Stake-In-Vodafone-From-Essar.htm

Piramal Healthcare Limited will acquire 5.5% stake in Vodafone India Limited from Essar for R3007Cr.

With this deal the total shareholding of Piramal in Vodafone will increase to 11%. According to press release, the funding for investment is being met through a mix of internal and external resources.

The transaction follows the settlement between Vodafone and Essar over the sale of Essar’s approximately 33% stake in VIL, announced in July 2011, and the purchase by Piramal of approximately 5.5% of the issued share capital of VIL from Essar in August 2011.

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8) VRL Logistics To Sell Power And Cement Biz
http://www.dealcurry.com/2012026-VRL-Logistics-To-Sell-Power-And-Cement-Biz.htm

VRL Logistics Limited is planning to sell its wind power and cement business to strengthen its focus on core business.

In 2006, VRL Logistics commenced wind power business by setting up a wind farm of 42.5 MW at Kappatgudda, Gadag district in the State of Karnataka . The wind farm consists of 34 Wind Turbine Generators (WTGs) having individual capacity of 1.25 MW.

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9) OCL Iron & Steel Acquires Aron Auto Ltd
http://www.dealcurry.com/2012026-OCL-Iron-Steel-Acquires-Aron-Auto-Ltd.htm

OCL Iron And Steel Ltd has acquired Aron Auto Ltd. Financial Details of the transaction were not disclosed.Consequent to the acquisition, it has become subsidiary of OCL Iron & Steel Limited.



This is OCL Iron's second acquisition in a month. Earlier in January it acquired 100% stake in BS Ispat Ltd through its SPV - Oriental Iron and Casting Ltd.

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10) Nova Medical Center Acquires Chennai Based Helios Hospitals
http://www.dealcurry.com/2012026-Nova-Medical-Center-Acquires-Chennai-Based-Helios-Hospitals.htm

GTI Group owned Nova Medical Centers has acquired Chennai based Helios Hospitals. Financial details of the transaction were not disclosed.

Helios Hospitals in Velachery, a suburban hub in Chennai and the satellite clinic for consultation and diagnostic in Adyar will run under the supervision of its founder - Nandkumar Sundaram.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 17, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 17, 2012:

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1) Marico To Acquire Companies In Beauty & Healthcare Space
http://www.dealcurry.com/20120117-Marico-To-Acquire-Companies-In-Beauty-Healthcare-Space.htm

Marico is looking to acquire companies and brands in the beauty and wellness segments as a part of it's strategy to maintain a growth of 26-27% in the coming years. The size of the acquisition would be anywhere between R200Cr and R1,000Cr.

Marico, headed by Harsh Mariwala, has 3 divisions the Consumer Products Group, The International Business Group and Kaya Skin Clinic.

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2) New Silk Route Acquires Minority Stake In Varsity Education Mgmt
http://www.dealcurry.com/20120117-New-Silk-Route-Acquires-Minority-Stake-In-Varsity-Education-Mgmt.htm

New Silk Route Partners has acquired a minority stake in Hyderabad based educational services provider - Varsity Education Management Pvt Ltd. The financial details of the transaction were not disclosed.

Varsity Education provides operational and support services to educational institutes across Karnataka.

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3) NMCE To Raise R20-30Cr To Comply With Minimum Capital Norms
http://www.dealcurry.com/20120117-NMCE-To-Raise-R20-30Cr-To-Comply-With-Minimum-Capital-Norms.htm

National Multi Commodity Exchange is talking to five PE funds and banks to raise upto R20-30Cr to comply with the minimum capital rules.

Forward Markets Commission, the commodity futures regulator, has asked commodity exchanges with 5 years of operations to have a minimum equity capital of R100Cr by 31 March.

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4) RCom Raises $1.18Bn From ICBC, CDB, EXIM For FCCB Redemption
http://www.dealcurry.com/20120117-RCom-Raises-1-18Bn-From-ICBC-CDB-EXIM-For-FCCB-Redemption.htm

Reliance Communication Limited has tied up with Industrial and Commercial Bank of China Ltd (ICBC), China Development Bank Corporation (CDB), Export Import Bank of China(EXIM) and other Banks for refinancing for redemption of outstanding FCCBs of $1.18 Bn (R6125Cr).The loans will have a tenure of 7 years and interest cost of about 5%.

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5) Dishman Pharma Acquires France Based - Creapharm Parenterals
http://www.dealcurry.com/20120117-Dishman-Pharma-Acquires-France-Based-Creapharm-Parenterals.htm

Dishman Pharmaceuticals & Chemicals Ltd has acquired France based contract development firm - Creapharm Parenterals through it's wholly owned subsidiary - Carbogen Amcis AG.

As part of this acquisition, Creapharm Parenterals has changed its name to Carbogen Amcis SAS. Financial terms were not disclosed.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 16, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 16, 2012:

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1) Automatic Data Processing Acquires MaFoi Consulting From Ranstad
http://www.dealcurry.com/20120116-Automatic-Data-Processing-Acquires-MaFoi-Consulting-From-Ranstad.htm

US based Automatic Data Processing has acquired Ma Foi Consulting Solutions Ltd from Randstad Holding Nv. for an undisclosed amount. As a part of this deal, ADP will take on a team of over 200 new associates.

Ma Foi Consulting offers managed payroll services and social benefits administration to clients across India through a fully customized payroll engine. The company uses this platform to serve approximately 350  multinational and domestic clients.

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2) Spain Based Prosegur Invests R100Cr In Indian JV With SIS Security
http://www.dealcurry.com/20120116-Spain-Based-Prosegur-Invests-R100Cr-In-Indian-JV-With-SIS-Security.htm

Spain based Prosegur and Security & Intelligence Services have formed a 49:51 JV to offer cash management solutions to Indian banks, financial institutions and organised retail firms. Prosegur is investing R100Cr for 49% stake in the Indian JV.

Security and Intelligence Services will move it's valuables logistics and cash management division to the new entity.

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3) VSF Projects To Raise R150Cr Through QIP
http://www.dealcurry.com/20120116-VSF-Projects-To-Raise-R150Cr-Through-QIP.htm

VSF Projects Limited is planning to raise R150Cr through QIP for investment in its wholly owned subsidiary VSF Energy Projects Pvt. Ltd

According to annual report 2011, the company has got approval to setup 350Mw super critical thermal power project at Nellore district.

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4) Dalmia Cements To Acquire 50% Stake In Calcom Cements
http://www.dealcurry.com/20120116-Dalmia-Cements-To-Acquire-50-Stake-In-Calcom-Cements.htm

Dalmia Bharat Enterprises Ltd is acquiring upto 50% stake in Assam based Calcom Cement India Ltd for about R238Cr through Dalmia Cement Bharat Ltd.

Calcom Cement was formed as a JV between Kolkata based Vinay Cements and Assam Industrial Development Corporation to set up a 0.99MMTPA clinkerisation unit and 1.72MMTPA cement grinding unit in Assam at an estimated cost of R421Cr.

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5) TVS Logistics May Raise $50Mn For Acquisitions
http://www.dealcurry.com/20120116-TVS-Logistics-May-Raise-50Mn-For-Acquisitions.htm

TVS Logistics Services Ltd is talking to four PE funds including KKR and Temasek for a second round of funding.

According to Livemint, TVS may raise upto $50Mn through both primary and a secondary route. Kotak Mahindra Capital is the investment banker for the transaction and Ernst and Young is involved in the due diligence.

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6) Century 21st To Acquire Jay Ambe Gowri Chem
http://www.dealcurry.com/20120116-Century-21st-To-Acquire-Jay-Ambe-Gowri-Chem.htm

Century Twentyfirst Portfolio Limited is planning to acquire Jay Ambe Gowri Chem Limited for its inorganic growth.

According to annual report 2010, Century Twentyfirst is working on improving the performance by following organic and inorganic modes for which the company is looking out for acquisitions of companies  engaged in agri related areas.

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7) Malabar Trading Acquires Majority Stake In Protect Nature
http://www.dealcurry.com/20120116-Malabar-Trading-Acquires-Majority-Stake-In-Protect-Nature.htm

Malabar Trading Company Limited has acquired strategic majority stake in Protect Nature Private Limited for an undisclosed amount.Post acquisition, Protect Nature would become its subsidiary with substantial holding.

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8) IL&FS Invests R200Cr In Indiabulls' Bharat Mills Project
http://www.dealcurry.com/20120116-IL-FS-Invests-R200Cr-In-Indiabulls-Bharat-Mills-Project.htm

IL&FS Investment Managers is acquiring 9.4% stake in Indiabulls Real Estate's subsidiary - Indiabulls Infraestate for R200Cr. Indiabulls Infrasestate is developing a residential cum commercial project on the 8.3 acre land that was earlier Bharat Mills Compound.

The deal values the Indibulls subsidiary at R2150Cr, 35% premium to the price paid by Indiabulls to acquire the land in 2010.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage