Bangalore-based early stage technology focused venture capital firm Ojas Venture Partners has made a venture capital investment in city based Mango Technologies. The company provides application framework and user interface solutions to ultra-low cost phones (below Rs 2,000). Mango has developed a thinnest modular application & UI framework, which considerably reduces engineering effort and time [...]
Bangalore-based online DVD rental company Seventymm Services Pvt Ltd has received $12.5 million (Rs 50 crore) from NEA Indo US Ventures. This will be the third round of funding for Seventymm, which now has a total capital of around $22 million. While DFJ with ePlanet Ventures had invested $2 million in 2005, the rest was [...]
Matrix Partners India has made a Series-A investment of $7 million (Rs.30 crores) in pre-school educator Tree House Education and Accessories Pvt. Ltd. Mumbai-based Tree House claims to be the largest non-franchised, branded pre-school educator in the country and currently operates more than 45 pre-schools in Mumbai. With the current round of funding, Tree House [...]
International Finance Corporation (IFC), the private equity arm of the World Bank, has exited its investments in Dabur Pharma with 41 percent return (not factoring in dividend payout) over a three year period. This translates into a compounded annual growth rate of 12.31 percent.
The exit is believed to be linked to the open offer by [...]
Exclusive: Delhi-based e-waste management company Attero Recycling Pvt. Ltd has received $6.3 million in series A funding from Draper Fisher Jurvetson and NEA IndoUS Ventures. Attero was founded in 2007 by the brothers, Rohan Gupta and Nitin Gupta. The company plans to set up an automated Waste Electrical and Electronic Equipment (WEEE) processing plant [...]
Policy
Govt Rejects SBI-SocGen JV Proposal For Depository Services
Govt May Have Nixed Jacob Ballas Deal In Devyani International
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
Mergers & Acquisitions
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
Tesco Finally Gets Indian Partner, Tata’s Trent
Auto Componet Maker Federal-Mogul [...]
Reliance Industries Limited (RIL), India’s largest public company, has entered into a joint venture with New York-based Vornado Realty Trust, a real estate investment firm. Under the equal JV, each partner will commit up to $250 million to acquire, develop and operate retail shopping centers across key cities in India. The shopping centers will contain [...]
Capt G R Gopinath’s logistics venture, Deccan Express Logistics, has signed an agreement with GMR Group to develop modern express cargo hubs in Hyderabad and Delhi airports. These hubs will be developed in GMR Hyderabad International Airport Ltd and Delhi International Airport Pvt Ltd (DIAL) which are being constructed by GMR. The agreements are expected [...]
This is the first acquisition of the Singh brothers after they sold Ranbaxy to Daiichi Sankyo. Ranbaxy Group promoted Fortis Healthworld has acquired 90 percent stake in CRS Health, a Delhi-based pharma and wellness retail chain for Rs 15 crore, reports Economic Times. Fortis is also planning to rebrand itself and the pharma chains it [...]
Famy Care Ltd, the world’s largest contraceptive pill maker, is in talks with world’s third-largest generic drug maker Mylan Inc and some private equity funds to dilute upto 15 per cent stake. Mumbai-based Famy Care had recently signed a strategic alliance with Mylan to sell 22 women healthcare products in the US market by 2010. [...]
Baring Private Equity Asia is picking up a 40 per cent stake in RSP Architects & Planners India for $100 million. The deal would value the Bangalore-headquartered architectural firm at $250 million (Rs 1,000 crore), reports Economic Times. The Singapore-based parent company holds a controlling stake in the firm while RSP India’s head, Gopi Bhawnani, [...]
Global Hedge Fund DE Shaw is hiking its equity stake in regional media house Amar Ujala Publications, which publishes the newspaper Amar Ujala. Sources told VC Circle that DE Shaw, which had 18 percent stake each in Amar Ujala Publications and the group’s printing arm A&M Publications, will increase its exposure to 26 percent, the [...]
US-based Federal-Mogul, an automotive component maker, has picked up 51 per cent stake in Anand Group’s Perfect Circle India Limited for $4 million (Rs 17 crore), reports Economic Times. This follows Federal-Mogul’s acquisition of the engine bearings unit from the Anand Group’s Gabriel. It had last year also bought out industrialist Anil Nanda’s stake in [...]
Tata Group’s financial arm, Tata Capital, is talking to Japanese securities broker Mitsubishi UFJ Securities Co to handle trading orders for Indian stocks from Japanese investors as well as investment banking services, reports Nikkei English News. The two companies are expected to sign the memorandum of understanding today. Tata Capital also has a strategic alliance [...]
Greater Pacific Capital (GPC), a London-based private equity firm, has acquired 38 per cent stake in Ahmadabad-based outsourcing firm Azure Knowledge Corporation Pvt Ltd for $32.5 million. GPC will pick up 26.4 per cent stake for $11.8 million in the first phase of the deal. The stake has been picked up at a price of [...]
