Analytics firm eClerx listed today at Rs 320 and ended the trading session with a 42.35 per cent gain over the IPO price of Rs 315. The company’s stock closed at Rs 448.40 on the National Stock Exchange. That is not bad for a pure play analytics firm. It traded with volumes of 93,16,883 shares [...]

Logistics firm Gateway Distriparks is looking at raising private equity for its railway freight subsidiary - Gateway Rail Freight Pvt Ltd. The company is expected to close the deal in the next two months, a top executive of the firm told CNBC TV18 this afternoon. The company will look at diluting about 15-20 per cent [...]

Aksh Optifibre, a publicly listed manufacturer of optical fibres and a telecom service provider, plans to raise Rs 200 crore or $50 million. The company is also reportedly looking at roping in a foreign investor into the company, reports The Economic Times. It further reported that a couple of companies in the internet telephony and [...]

Coal Ventures International, a special purpose vehicle promoted by five state-owned corporations, has invited expressions of interest from global investment bankers to help the firm make acquisitions in metallurgical and thermal (boiler) coal assets overseas. The company, promoted by SAIL, Rashtiya Ispat, Coal India, NMDC and NTPC, is looking at acquisitions in Australia, Canada, the [...]

India’s largest commodity exchange Multi Commodity Exchange of India (MCX) plans to come up with an IPO soon. An announcement is expected in a week, reports The Economic Times. It may sell about 10 per cent of the company to raise about Rs 500-600 crore. The report further added that the issue will be managed [...]

It was earlier reported that foreign direct investment in retail may be allowed in three phases so that the opposition to the policy can be minimised. Moving ahead with that line of thinking, the government is considering allowing FDI in consumer electronics and sports goods in the first phase. These are sectors which will not [...]

This just in. A slew of international investors have picked up a minority stake for $1 billion in Bharti Infratel, the tower arm of Bharti Airtel, the company said in a statement today. The international investors are Temasek Holdings, The Investment Corporation of Dubai (ICD), Goldman Sachs, Macquarie, AIF Capital, Citigroup and India Equity Partners [...]

eClerx Services Ltd is India’s first pure play analytics firm to come up with an IPO. The firm’s shares will start trading from Monday, December 31. The company has fixed the issue price at Rs 315 (the upper end of the price band of Rs 270-315). At this price, eClerx will be valued 16.6 times [...]

UBS Global Asset Management has called off its plans to acquire Standard Chartered Bank’s mutual funds management business in India after the sale and purchase agreement expired.
In a statement issued today, UBS has said: “Following the expiry of the Sale and Purchase Agreement that they executed in January 2007, UBS and Standard Chartered Bank have [...]

India’s largest real estate firm DLF plans to list several companies from its stable to raise about $5 billion more from the capital markets. The Economic Times reports that the company over the next three years may list at least five companies such as DLF Homes, DLF Retail, DLF Hotels, DLF Utilities and DLF Infrastructure. [...]

ICICI Venture-funded diagnostic chain Metropolis Health Services is looking at acquisitions in Gujarat, Maharashtra and Karnataka, says a report in Business Standard. The Mumbai-based company, which recently formed a joint venture with Desai Clinical Laboratory in Surat, are in talks with laboratory firms in these states. These deals may not be very large - under [...]

Indian capital markets regulator Securities and Exchange Board of India (SEBI) has reportedly cleared the IPO of Future Capital Holdings Ltd. The financial arm of Kishore Biyani’s retail-focused Future Group proposes to launch a public issue of 64,22,800 shares of Rs 10 each at a price to be decided through a 100 per cent book-building [...]

IDG Ventures India and Erasmic Venture Fund together have invested $3.5 million in Perfint, a Chennai-based medical electronics company. IDG Ventures and early/seed stage fund Erasmic, both Bangalore-based, have invested $3 million and $500K, respectively. Perfint is founded by S Nandakumar, B D Vijaya and a team of healthcare device professionals who were earlier associated [...]

Private equity-backed Time Technoplast Ltd (TTL) has acquired a Gulf-based battery manufacturer, Gulf Powerbeat. TTL, the maker of polymer products for consumer packaging industry, had ventured into battery manufacturing by acquiring the Hyderabad-based NED Energy Ltd early this year. The Gulf acquisition has been done through NED. The total investment in Bahrain project is estimated [...]

Publicly-listed Advani Hotels said that it has sold its flight catering business for Rs 20.3 crore. The buyer’s identity is not revealed, however, a report indicates that Switzerland-based Gate Gourmet, one of the world’s largest independent providers of airline catering and logistics services, could be the buyer. Advani’s flight catering business is called Airport Plaza [...]