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Saturday, December 10, 2011

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Dec 9, 2011

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Dec 9, 2011:

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1) Mannapuram Gold Retail Fund Raise And Recent George Soros Moves
http://www.dealcurry.com/2011129-Mannapuram-Gold-Retail-Fund-Raise-And-Recent-George-Soros-Moves.htm

Till August, George Soros was net long in Gold. That was before all the European bad news flow ticked. And then in august he squared his long gold, like as they say, buy the rumour sell the news.

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2) Manappuram Jewellery To Raise Rs100Cr
http://www.dealcurry.com/2011129-Manappuram-Jewellery-To-Raise-Rs100Cr.htm

Manapuram Jewellery Limited is planning to raise more than Rs100Cr to fund its growth plans.

It plans to expands its stores from 18 to 100 in next two years. Around Rs350Cr has already been invested in the retailer of which founders have contributed Rs125Cr equity, the rest has been raised via bank loans.

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3) Bhuwalka Steel To Sell Assets To Repay Debt
http://www.dealcurry.com/2011129-Bhuwalka-Steel-To-Sell-Assets-To-Repay-Debt.htm

Bangalore based mild steel products manufacturer - Bhuwalka Steel Industries Limited is selling assets to repay debt and meet it's working capital requirements. It is also raising funds by issuing 36,50,000 equity shares to certain investors on a preferential basis. If the shares are issued at the current market price of R20.5, the company will raise upto R7.5Cr.

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4) BNP Paribas To Acquire 100% Stake In BNP Paribas Securities India
http://www.dealcurry.com/2011129-BNP-Paribas-To-Acquire-100-Stake-In-BNP-Paribas-Securities-India.htm

BNP Paribas is buying out Geojit Financial Management Services of it's Indian Broking JV - BNP Paribas Securities India Private Ltd for R40.5Cr.

The JV was formed after BNP Paribas bought a 33% stake in the retail broking business of Geojit Financial Services, which is now Geojit BNP Financial Services. BNP as so far invested R27.5Cr in the firm. This transaction will not change BNP's holding in Geojit BNP Paribas Financial Services.

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Tuesday, July 12, 2011

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 11, 2011

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 11, 2011:

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1) Genpact Acquires Nissan Motor's HR Operation
http://www.dealcurry.com/20110711-Genpact-Acquires-Nissan-Motor-s-HR-Operation.htm

Genpact India has acquired HR services subsidiary of Nissan Motor Co. Ltd and has bagged a seven-year contract to offer HR services to Nissan's employees.

Nissan Human Information Service (NHIS) in Yokohama has 136 staff which will be absorbed by Genpact. NHIS has operated as a subsidiary of Nissan Motor Ltd. since 2000 and currently handles HR functions for 54,000 Nissan employees worldwide. Nissan Human Information will be renamed Genpact Japan Service and will significantly increase Genpact’s onshore service delivery capability in Japan.

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2) Eko India Raises $5.5 Mn From Creation Investments, Promus Equity Partners
http://www.dealcurry.com/20110711-Eko-India-Raises-5-5-Mn-From-Creation-Investments-Promus-Equity-Partners.htm

Delhi-based rural banking infrastructure provider Eko India Financial Services Pvt Ltd has raised $5.5 Mn from US-based PE fund Creation Investments Social Ventures Fund I, with Promus Equity Partners and a consortium of high net worth investors also participating.

The funds raised by Eko will be used for expanding its mobile banking platform and agent footprint, and also in scaling its product footprint.

Last December, Eko India raised Series A funding from US-based 4B Capital.

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3) CLSA's Bhavtosh Vajpayee Joins Barclays Capital As Head Of Equities, India
http://www.dealcurry.com/20110711-CLSA-s-Bhavtosh-Vajpayee-Joins-Barclays-Capital-As-Head-Of-Equities-India.htm

Barclays Bank's investment banking unit Barclays Capital, has appointed Bhavtosh Vajpayee as the MD and Head of Equities for India.

He will be responsible for leading and developing Barclays Capital's India equity research, sales and trading business. He will be based in Mumbai and will report to Mike Di Iorio, Head of Equities for Asia Pacific.

He joins Barclays from CLSA, where he was the head of technology research and has also worked with J P Morgan Stanley.

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4) Group Buying Site GrOffr Raises Funding From Indian Angel Network
http://www.dealcurry.com/20110711-Group-Buying-Site-GrOffr-Raises-Funding-From-Indian-Angel-Network.htm

Mumbai-based RCSPL, which owns real estate group buying portal GrOffr.com is raising its first round of funding from Indian Angel Network.

GrOffr will use the funds for expansion. Groffr was started in July 2010 by two IIM-Kozhikode alumni Vikhyat Srivastava and Sandeep Reddy. The portal offers group buying deals for high-end products from real estate, automobiles, electronics to even helicopter tour rides. This year in March, Groffr.com acquired Mumbai-based Mobstreet.in, a group buying portal which was founded by Spandan Tolia.

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5) Sage Converts CCPS in Concord EnviroSystems; Now at 26%
http://www.dealcurry.com/20110711-Sage-Converts-CCPS-in-Concord-EnviroSystems-Now-at-26-.htm

Sage NPE India Fund I has converted 420000 CCPS into Equity and now reached close to 26% in Concord EnviroSystems.

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6) PTC India To Float Two PE Funds
http://www.dealcurry.com/20110711-PTC-India-To-Float-Two-PE-Funds.htm

PTC India Limited is looking to float two private equity funds.One fund will be focussed on renewable energy and will floated by its subsidiary, PTC India Financial Services Limited, while the other fund will be general purpose fund floated by PTC India Ltd.

PTC India is planning JV for these PE funds and is looking for foreign or domestic partners. Last year, PTC India Ltd launched - Ashmore PTC India Energy Infrastructure Fund a PE fund in JV with Ashmore Group Plc, to invest in energy projects.

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7) Providence Equity Partners May Exit Idea Cellular
http://www.dealcurry.com/20110711-Providence-Equity-Partners-May-Exit-Idea-Cellular.htm

US-based Providence Equity Partners may exit from Idea Cellular Ltd.

Providence through its investment arm P5 Asia Investment (Mauritius) Ltd holds 9.99% in Idea Cellular and the stake is valued at around Rs.2,684 Cr at Idea's closing price of Rs.81.35 per share on Friday. Providence had bought 15% in Idea Cellular in 2006 for around Rs.1,800 Cr and diluted 5.01% in various tranches in 5 years.

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Saturday, June 26, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 25, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 25, 2010:

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1) Himadri Chemicals Raising Rs 100 Cr Debt From ICICI Bank
http://www.dealcurry.com/20100625-Himadri-Chemicals-Raising-Rs-100-Cr-Debt-From-ICICI-Bank.htm

Himadri Chemicals & Industries has announced to raise Rs. 100 Cr through issue of 1000 secured NCDs of Rs.10 lakh each on private placement basis to ICICI Bank.Himadri is engaged in the business of distillating coal tar to extract CTP, Creosote oils and chemical oils.

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2) Trikona Trinity Capital Appoints Indiareit Investment As Its Investment Manager
http://www.dealcurry.com/20100625-Trikona-Trinity-Capital-Appoints-Indiareit-Investment-As-Its-Investment-Manager.htm

Trikona Trinity Capital plc has appointed Indiareit Investment Management Co. (“Indiareit”) as its investment manager.Trikona Trinity Capital plc is a £250 Mn AIM listed property fund created for the purpose of investing in real estate and real estate-related entities across India.Indiareit Investment Management Co. (“Indiareit”) is a Mauritius based real estate fund manager to provide investment management services to real estate funds targeting India.

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3) Atul Limited Acquires Polygrip Rubber For Rs 10 Cr
http://www.dealcurry.com/20100625-Atul-Limited-Acquires-Polygrip-Rubber-For-Rs-10-Cr.htm

Atul Limited has acquired Polygrip Rubber Production Private Limited through one of its division- Polymers for Rs 10 Cr.

With this acquisition Atul Ltd has entered the rubber and PU segment.

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4) Warburg Pincus Invests $85 Mn Metropolis Healthcare
http://www.dealcurry.com/20100625-Warburg-Pincus-Invests-85-Mn-Metropolis-Healthcare.htm

Warburg Pincus is investing $85 Mn in Metropolis Healthcare Limited. The deal involves a primary and secondary component and also includes additional capital that will be available to Metropolis to pursue acquisitions.

This deal marks the exit for ICICI Venture, which had invested $7.5 Mn for a 25% stake in Metropolis in 2006 through its India Advantage Fund Series I.

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5) RSB Transmissions Acquires 70% Stake in Belgium-Based Mechanical Supplies International
http://www.dealcurry.com/20100625-RSB-Transmissions-Acquires-70-Stake-in-Belgium-Based-Mechanical-Supplies-International.htm

RSB Transmissions (I) Limited has acquired 70% stake in Mechanical Supplies International for an undisclosed sum.

The acquisition was done through its Netherland based arm RSB Europe BV. RSB plans to manufacture the sub-assemblies in India and the final assembly and finishing work at MSI as transportation cost will be lower.

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Friday, June 25, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 24, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 24, 2010:

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1) Tata Motors To Raise Rs. 2500 Cr To Repay Debt
http://www.dealcurry.com/20100624-Tata-Motors-To-Raise-Rs-2500-Cr-To-Repay-Debt.htm

Tata Motors is planning to raise Rs.2500 Cr through GDR’s, foreign currency convertible bonds (FCCBs) or QIP.The fund will be used to reduce its debt and improve its debt-equity ratio.

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2) M S Banga Joins PE Firm Clayton, Dubilier & Rice, LLC As Operating Partner
http://www.dealcurry.com/20100624-M-S-Banga-Joins-PE-Firm-Clayton-Dubilier-Rice-LLC-As-Operating-Partner.htm

Manvinder ("Vindi") Singh Banga, former President and member of the Unilever executive board will join PE firm Clayton, Dubilier & Rice, LLC (CD&R) as an Operating Patner based in London.CD&R's London-based Operating Partners include Fred Kindle (former president and CEO of ABB Ltd) and Roberto Quarta (former chairman and CEO of BBA Group plc). Jack Welch (former Chairman and CEO of GE) and A.G. Lafley (former Chairman and CEO of Proctor & Gamble) are Special Partners of the firm.

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3) Titagarh Wagons To Acquire French Railway Wagon Manufacturing Unit
http://www.dealcurry.com/20100624-Titagarh-Wagons-To-Acquire-French-Railway-Wagon-Manufacturing-Unit.htm

Titagarh Wagons Ltd is acquiring French railway wagon and rolling stock manufacturing unit.The acquisition will be made through its recently formed subsidiary in France.This acquisition is subject to fulfillment of certain conditions and the final decision on the same is scheduled to be announced on 7th July, 2010 by Court Thereat.

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4) Tata Steel To Sell 50% In Tata Refractories
http://www.dealcurry.com/20100624-Tata-Steel-To-Sell-50-In-Tata-Refractories.htm

Tata Steel is looking to sell 50% of its existing stake in Tata Refractories.Tatas want the strategic partner to bring in technical know-how into TRL and also increase its global footprint. TRL produces high alumina, basic, dolomite, silica and monolithic refractories.

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5) D.Light Design Raises $5.5 Mn In Third Round
http://www.dealcurry.com/20100624-D-Light-Design-Raises-5-5-Mn-In-Third-Round.htm

D.Light Design Private Limited has raised $5.5 Mn in its third round of funding from Omidyar Network and its existing investors including Acumen Fund, Nexus Venture Partners, Gray Matters Capital, Draper Fisher Jurvetson and Garage Technology Ventures.

Jayant Sinha from Omidyar Networks will join the board of D.Light. The funds will be used to expand its network throughout Africa and Asia as well as expand its product line beyond solar lighting.

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6) Emami Buys A Manufacturing Plant in Egypt
http://www.dealcurry.com/20100624-Emami-Buys-A-Manufacturing-Plant-in-Egypt.htm

Emami has bought a manufacturing facility in Egypt for Rs 12 Cr. The buyout will be funded by a mix of internal accruals and term loans from lending institutions.

The firm plans to begin manufacturing its products in the plant by the end of this fiscal. It will spend another Rs 10-12 cr on the plant before the manufacturing begins.

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7) Coffee Day May Acquire Logistics Company
http://www.dealcurry.com/20100624-Coffee-Day-May-Acquire-Logistics-Company.htm

Coffee Day Holdings is rumored to be acquiring a logistics company in India to diversify into the business.

The company will utilize the recent infusion of $125 Mn from KKR, NSR and StanChart PE to acquire this firm.

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8) PNB To Buy Out Partner's Stakes in Life Insurance And Insurance Broking Biz
http://www.dealcurry.com/20100624-PNB-To-Buy-Out-Partner-s-Stakes-in-Life-Insurance-And-Insurance-Broking-Biz.htm

Punjab National Bank plans to buy out its JV partners' stake in the life insurance and insurance broking businesses.

The bank will buy out 26% of Principal Financial Group of Mauritius and 25% of Berger Paints in its insurance broking company. It will also buy out Principal's 26% and UK Paints' 32% in its life insurance JV- Principal PNB Life Insurance Company.

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9) Baring PE To Invest Rs 370 Cr In Oriental Tollways
http://www.dealcurry.com/20100624-Baring-PE-To-Invest-Rs-370-Cr-In-Oriental-Tollways.htm

Baring PE Partners India is investing Rs 370 Cr in Oriental Tollways. The funds will be used by Oriental as its equity contribution in it's various SPVs.

Oriental Tollways may divest around 15-20% to raise the funds, valuing the company close to Rs 1,900 Cr.

Oriental Tollways - part of Oriental Structural Engineers Pvt Ltd is currently executing five projects. It has created four SPVs for its projects and is creating one more. The total cost of these projects is about $450 Mn.

Thursday, June 24, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 23, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 23, 2010:

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1) Aster Silicates IPO To Open On June 24
http://www.dealcurry.com/20100623-Aster-Silicates-IPO-To-Open-On-June-24.htm

Aster Silicates Ltd. is looking to raise Rs.53.10 Cr through IPO. The IPO opens on June 24 and will close on June 28 with a price band of Rs.112-118 per share.The funds will be utilized for expansion of its manufacturing facilities, for working capital requirements and to meet its public issue expenses.

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2) Murli Industries To Sell Its Cement Plant
http://www.dealcurry.com/20100623-Murli-Industries-To-Sell-Its-Cement-Plant.htm

Murli Industries is looking for a buyer to sell its 3 mtpa cement plant in Chandrapur, Maharashtra. The company is negotiating with a couple of companies for the sale.

It has appointed Motilal Oswal Investment Advisors to find a buyer.

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3) ICICI Venture To Sell RFCL Ltd
http://www.dealcurry.com/20100623-ICICI-Venture-To-Sell-RFCL-Ltd.htm

ICICI Venture is planning to sell its stake in RFCL Ltd. for around Rs.400 Cr. It had acquired RFCL from Ranbaxy Laboratories in 2005 through its India Advantage Fund Series 1 (IAF Series 1) for about Rs.125 Cr through a leverage buyout. RFCL is left with diagnostics business - Diagnova and fine chemicals business - Rankem and also animal healthcare business Bremer Pharma GmbH in Germany, which it acquired in 2008. ICICI Venture sold only RCFL's animal healthcare Indian unit, Vetnex to Pfizer in 2009 for about Rs.350 Cr.

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4) Emmbi Acquires 25% In Packaging Co - Global Bag
http://www.dealcurry.com/20100623-Emmbi-Acquires-25-In-Packaging-Co-Global-Bag.htm

Emmbi Polyarns has acquired a 25% stake in Czech based Global Bag from Silagro GmBH.

Global Bag is engaged in marketing of agricultural storage equipments and packaging. Prior to this deal, Austria based - Silagro Gmbh held 50% stake in the company.

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5) Warburg To Invest Rs 200 Cr In Chennai-based IMC
http://www.dealcurry.com/20100623-Warburg-To-Invest-Rs-200-Cr-In-Chennai-based-IMC.htm

Warburg Pincus plans to invest Rs 200 Cr into IMC Limited for an undisclosed minority stake.

The company plans to utilize the funds to expand its infrastructure facilities across major port terminals in the country. Deal due diligence has been completed.

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6) Samara Capital To Invest Rs 150 Cr in Thriveni Earthmovers
http://www.dealcurry.com/20100623-Samara-Capital-To-Invest-Rs-150-Cr-in-Thriveni-Earthmovers.htm

Samara Capital Partners plans to invest around Rs 150 Cr in Thriveni Earthmovers Private Limited.

The deal is supposedly in advanced stages and is likely to be announced in a few weeks.Thriveni Earthmovers, established in 1991, is a contract mining company. It is engaged in geological prospecting, mine survey and planning and other such services.

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7) Tricom India To Buy Mastiff Tech And Mastiff Internet Media Solutions
http://www.dealcurry.com/20100623-Tricom-India-To-Buy-Mastiff-Tech-And-Mastiff-Internet-Media-Solutions.htm

Tricom India Ltd had announced to acquire Mastiff Tech and Mastiff Internet Media Solutions.

Acquisitions will strengthen Tricom’s BPO operations by using Mastiff`s technology team and will support Tricom's own software development clients.The acquisitions are expected to be completed within next few weeks.The two Mastiff firms provide internet technology solutions. Their major focus lies into online media, social networking, travel and e-retail domain.

Wednesday, June 23, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 22, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 22, 2010:

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1) Centum Learning Receives Rs 40 Cr Funding From Mayfield India
http://www.dealcurry.com/20100622-Centum-Learning-Receives-Rs-40-Cr-Funding-From-Mayfield-India.htm

Mayfield India Fund has invested Rs 40 Cr in Centum Learning Limited.Centum plans to invest Rs 100 Cr to open 20 college campuses in the next three years, to offer undergraduate & post graduate courses in management, finance, economics and media & entertainment.

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2) Shapoorjee Chandabhoy To Invest In Gujarat Based - Liverpool Retail India & Ace Tours
http://www.dealcurry.com/20100622-Shapoorjee-Chandabhoy-To-Invest-In-Gujarat-Based-Liverpool-Retail-India-Ace-Tours.htm

Shapoorjee Chandabhoy Finvest Pvt Ltd is investing Rs 40 Cr in two Gujarat based companies.

Shapoorjee will invest Rs 25 Cr for a 26% stake in Surat based travel company Ace Tours and Rs 15 Cr in Ahmedabad based garment retailer Liverpool Retail India Ltd.

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3) Everest Kanto Cylinder To Issue Shares To Reliance Capital Asset Management
http://www.dealcurry.com/20100622-Everest-Kanto-Cylinder-To-Issue-Shares-To-Reliance-Capital-Asset-Management.htm

Everest Kanto Cylinder Ltd is raising around Rs.108 Cr by issuing 80 lakh equity shares to two funds of Reliance Capital Asset Management through preferential allotment.It will issue 60 lakh shares to Reliance Growth Fund and 20 lakh shares to Reliance Regular Savings Fund - Equity Option. Shares will be issued at Rs.135 a share. The funds raised will be utilised for capital expenditure, working capital and repayment of debt.

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4) JSW Infra Looking To Raise Funds Via Private Equity
http://www.dealcurry.com/20100622-JSW-Infra-Looking-To-Raise-Funds-Via-Private-Equity.htm

JSW Infrastructure Limited plans to raise funds at project as well as holding company level. The company is in talks with PE investors for stake dilution.The company plans to invest around Rs 10,000 Cr in the next 10 years. It will raise 75% of the total investment through debt.

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5) Piramal Healthcare To Acquire BioSyntech Inc.
http://www.dealcurry.com/20100622-Piramal-Healthcare-To-Acquire-BioSyntech-Inc-.htm

Piramal Healthcare is acquiring Canada based BioSyntech Inc. for $3.8 Mn.Piramal Healthcare had earlier acquired 17% stake in BioSyntech in 2006. This investment gave Piramal the rights for the marketing, sales and distribution of current and future products of BioSyntech, for India and some neighbouring Asian markets.

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6) GMR Group Interested In Buying Partner's Stake In Airports
http://www.dealcurry.com/20100622-GMR-Group-Interested-In-Buying-Partner-s-Stake-In-Airports.htm

The GMR Group plans to buy stakes held by minority partners, if offered, in all the 3 airports that it operates.Malaysia Airports Holdings Berhad holds 11% and 10% stakes in the Hyderabad airport and the New Delhi airport respectively.

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7) Cox And Kings To Raise Rs 2000 Cr For Expansion, Acquisitions
http://www.dealcurry.com/20100622-Cox-And-Kings-To-Raise-Rs-2000-Cr-For-Expansion-Acquisitions.htm

Cox and Kings is raising Rs 2000 Cr through debt and equity to fund its expansion plans. Rs 1000 Cr will be raised as equity and the rest as debt.

The company is looking for acquisitions in US, Canada, England, Australia and New Zealand, a part of the funds will also be used for acquisitions.

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8) National Textile Corporation Selling Its Bharat Textile Mills Through E-Auction
http://www.dealcurry.com/20100622-National-Textile-Corporation-Selling-Its-Bharat-Textile-Mills-Through-E-Auction.htm

National Textile Corporation (NTC) is selling its 8.38 acres Bharat Textile Mills in Lower Parel for Rs.750 Cr through e-auction.NTC will use the fund to part-finance its Rs.9,102 Cr expansion, diversification and modernisation plans.NTC is also planning to sell another unit, Poddar Processes, also in Lower Parel for about Rs.250 Cr.

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9) Nagarjuna Construction To Divest 49% Stake in Power Project
http://www.dealcurry.com/20100622-Nagarjuna-Construction-To-Divest-49-Stake-in-Power-Project.htm

NCC Power Projects Ltd, a subsidiary of Nagarjuna Construction Company, plans to sell 49% stake in an upcoming thermal power project at Sompeta in Srikakulam district of Andhra Pradesh, to a strategic partner.The company plans to have a debt-equity ratio of 3:1. Based on this, the equity requirement would be around Rs 1,750 Cr for the first phase.

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10) SAP Provider Kaar Technologies To Raise Rs 40 Cr PE For Expansion
http://www.dealcurry.com/20100622-SAP-Provider-Kaar-Technologies-To-Raise-Rs-40-Cr-PE-For-Expansion.htm

Kaar Technologies is planning to raise Rs 40 Cr through PE to fund its expansion plans, promotion and product development.

The company has a strong presence in Middle East region and as part of this year's expansion plans, it intends to expand in the MENA region and also to enter into the newer markets like Canada and UK.

Tuesday, June 22, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 21, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 21, 2010:

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1) Maytas Infra To Sell 20% To SBG Projects Via Share Issue
http://www.dealcurry.com/20100621-Maytas-Infra-To-Sell-20-To-SBG-Projects-Via-Share-Issue.htm

SBG Projects Investments Limited will pick up 20% stake in Maytas Infra Limited for 300 Cr.

The company will pay around Rs 195.30 per share for 15.46 Mn shares to be issued on a preferential allotment basis.

The deal will make Mauritius-registered SBG Projects a co-promoter in Maytas.

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2) IDFC AMC May Sale 26% Stake To Foreign Investor
http://www.dealcurry.com/20100621-IDFC-AMC-May-Sale-26-Stake-To-Foreign-Investor.htm

IDFC Asset Management Co. Ltd is looking for global fund manager as a strategic partner by diluting 26% stake.This strategic partner will either manage the fund or advise foreign flow of funds into the Indian equity market.IDFC acquired the asset management company in March 2008 from Standard Chartered Bank for $205 mn (Rs.820 Cr). It had paid 5.67% of the then total AUM of Rs.14,141 Cr.

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3) Jyothy Laboratories To Raise Rs 300 CR Through QIP
http://www.dealcurry.com/20100621-Jyothy-Laboratories-To-Raise-Rs-300-CR-Through-QIP.htm

Jyothy Laboratories Ltd has announced to raise Rs.300 Cr via QIP.
The company will use the fund for its expansion plans.
FMCG firm, Jyothy Labs is engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito coils, incense sticks and personal care products. It is known for its flagship brand ‘Ujala’.

The company has 21 manufacturing facilities in 14 locations across India.

It reported consolidated net sales of Rs.598 Cr for 2009-10 with net profit of Rs.74.3 Cr for the same period.

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4) Ashoka Buildcon Files DRHP With SEBI
http://www.dealcurry.com/20100621-Ashoka-Buildcon-Files-DRHP-With-SEBI.htm

Ashoka Buildcon Ltd has filed DRHP with SEBI to raise Rs.225 Cr through IPO.The IPO comprises of a fresh issue of 81 lakh shares.The proceeds will be used to invest in one of its subsidiaries, Ashoka Highways (Bhandara) Ltd, for its working capital requirements, capex plans and to repay outstanding loans of its subsidiaries.IDFC-SSKI, Enam Securities and Kotak Mahindra Capital are book running lead managers to the issue.

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5) BSE Acquires 16% Stake In CDSL
http://www.dealcurry.com/20100621-BSE-Acquires-16-Stake-In-CDSL.htm

BSE has acquired an additional 16% stake in Central Depository Services Limited for Rs 84-92 Cr from HDFC Bank(7%), Bank of Baroda(4.5%) and Bank of India(4%). This deal values the depository at Rs 522-575 Cr.

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6) CIPCL To Sell Stake in Bhadrawati Power Project
http://www.dealcurry.com/20100621-CIPCL-To-Sell-Stake-in-Bhadrawati-Power-Project.htm

Central India Power Company Limited plans to sell stake in proposed 1,082MW coal-based power plant in Bhadrawati in Maharashtra for which the Aditya Birla Group, Hinduja Group, Reliance Industries and Jaypee Group have bid.

CIPCL has appointed SBI Capital Markets to find a strategic partner to build the 1,000-MW power station. The project is estimated to cost around $1 Bn.

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7) SPML Infra To Raise PE Funding For Bhiwandi Water Project
http://www.dealcurry.com/20100621-SPML-Infra-To-Raise-PE-Funding-For-Bhiwandi-Water-Project.htm

SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project.

The company has created a SPV - SPML Bhiwandi Water Supply Infra Limited for the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13. The company has started negotiations with US based Water Asset Management and Veolia Water for the funds.

SBI Capital Markets is advising SPML on the deal.