There is a third Indian suitor for Malaysian FMCG company Unza Holdings. Business Standard reports that Wipro Consumer Care is close to buying the south east Asia’s leading maker of personal care products for Rs 1,000 crore or $250 million. The Rs 818-crore Wipro Consumer joins other bidders like Emami Group of Kolkata and Godrej [...]
The Euronext-listed Indian real estate fund Yatra Capital Ltd has acquired another India-focused property fund Eredene Capital Mauritius for €18.07 million (Rs 99.39 crore). Yatra has made the acquisition through its subsidiary K2 Property Ltd.
Eredene was one of the first India-focused real estate funds to list on London’s Alternate Investment Market. In April 2006, [...]
Bangalore-based software services company Iteamic has received an undisclosed amount of funding from Canbank Venture Capital Fund, a subsidiary of the public sector Canara Bank. Iteamic, an SEI CMMi Level 3 company, is an offshore and outsourced software solutions provider in the financial services, banking and insurance segments. The company, founded by Raghurama Kote in [...]
The Economic Times has some details about US investment bank JP Morgan’s plans in India. It intends to double its proprietary investments in the next one year. It has so far made an investment of about $500-750 million in a variety of sectors like cement, infrastructure, manufacturing, healthcare and BPO. Some of its investee companies [...]
After making a killing from selling its 30 per cent stake in US energy drinks maker Glaceau, Tata Tea is reportedly making its next big move. If the reports are to be believed, the Mumbai-based company is interested in the US beverages business of the UK-based Cadbury Schweppes. Tata Tea is eyeing the highly successful [...]
After all this years of lying low in the M&A game, Infosys Technologies is creating biggest ever buzz in India’s overseas M&A history. Bangalore-based IT giant is rumoured to be interested in buying (or merging with) European IT consulting giant Capgemini. The rumours of Infosys planning a bid on Capgemini had reached the trading floors [...]
India’s only listed private equity firm, IL&FS Investment Managers Ltd (IIML), is expected to close a $400 million fund by October 2007, reports Business Standard. This will be the sixth fund of IIML. The first close is expected next month at $150 million, and the remaining by October.
This will be the largest growth capital fund [...]
This has to be the mother of all fund raising events. India’s largest bank, State Bank of India, plans to raise about $12 billion or Rs 50,000 crore through a follow-on public issue, which is expected by end of the year. The funds thus raised will be used to expand not only in banking but [...]
Global Infrastructure Partners (GIP), a leading international private equity firm focused on infrastructure asset investments, has picked up a 25 per cent interest in Chennai Container Terminal Pvt Ltd (CCT). The financial terms of the transaction were not disclosed. GIP, in which Credit Suisse and General Electric are the founding investors, has made the investment [...]
Making way for exit of private equity investors Actis and CLSA, Jyothy Labaratories, the makers of Ujala fabric whitener and Maxo mosquito repellent coils, has filed its draft red herring prospectus with the Securities & Exchange Board of India (SEBI) for an initial public sale. The company plans to sell 44,30,260 equity shares of Rs [...]
Trans-India Acquisition Corporation, a recently formed blank check firm to make acquisitions in Indian life sciences sector, has got a new CFO. Cliff Haigler will assume responsibilities as principal financial and accounting officer of the company from Craig Colmar, the company’s Treasurer and Secretary, a release says. Trans-India completed its IPO of 11,500,000 units on [...]
There are more Indian suitors for Malaysian consumer goods company Unza Holdings, even though India’s Dabur has backed out from the deal. Mumbai-based Godrej Consumer Products and Kolkata-based family-run Emami Group are believed to be entering the fray for the Malaysian personal care manufacturer, reports The Economic Times, quoting people close to the development. While [...]
US-headquartered investment bank JP Morgan has made some high level appointments. The bank has hired Ranjit Lakhanpal of Credit Suisse, as managing director of corporate finance. It has also hired Mehul Savla of ICICI Securities as an executive director in the equity capital markets division, reports Reuters. Lakhanpal has earlier worked with Goldman Sachs too.
JPMorgan [...]
When is a good time to sell a loss-making company? Not when the company turns around, it seems like that. The stake sale in BPO and IT firm Cambridge Solutions (formerly Scandent Solutions) has reached a limbo since the sellers’ expectations have gone up as the company fared well in 2006-07. Two potential buyers [...]
Sasken Communication Technologies and venture fund IDG Ventures India have announced the launch of a new company - ConnectM Technology Solutions (ConnectM) - which will provide Machine 2 Machine (M2M) enabled solutions to global markets. The initial investment in the company is $6 million.
ConnectM, a spin-off from leading embedded telecom solutions company Sasken, plans to [...]
