Archive for October, 2010

KGS Nelsun Paper Mill Ltd buys 60 per cent stake in Cochin Kagaz Ltd

Comments Off | 10-30-2010

KGS Nelsun Paper Mill Ltd said it had bought a 60 per cent stake in packaging and white paper manufacturer, Cochin Kagaz Ltd. With its base in Chennai, KGS Nelsun Paper Mill Ltd has been mulling potential expansion plans and this investment might be a move in that direction.
The firm runs a paper mill in

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Posted in FDI Statistics India, FDI news India, General | Read More

Germany based DEG acquires a minority stake in India’s Ludhiana based Deepak Fasteners Ltd

Comments Off | 10-29-2010

The KfW Bankengruppe, based in Germany and considered one of Europe’s foremost development finance institutions announced that DEG, one of its member firm’s has acquired a minority stake in Deepak Fasteners Ltd. Based in Ludhiana, it is the largest manufacturer of specialty industrial fasteners and is promoted by the Kalra family.
DFL will utilize the fund

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Posted in FDI Regulations in India, FDI Statistics India, FDI news India, General, Infrastructure Sector | Read More

Fabric and apparel maker Bombay Rayon Fashions acquires 70.56 per cent stake in STI India (STI)

Comments Off | 10-28-2010

Indian fabric and clothes maker Bombay Rayon Fashions said Wednesday it is to acquire 70.56 per cent stake in STI India. The investment will see Bombay Rayon Fashions part with about Rs 70 crore and the deal pegs the value of the target firm, STI India at Rs 99.20 crore. Indore based STI India is

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Meghmani Organics acquires 90,000 sq metres of land at the Dahez SEZ in Gujarat for set up of Manufacturing Plant

Comments Off | 10-27-2010

Meghmani Organics Tuesday said it had acquired land for the set up of a manufacturing facility. The pesticide manufacture reported it had obtained around 90,000 square meters of land at the Dahez Special Economic Zone in Gujarat for the investment. The property was acquired via Meghmani Organics’ subsidiary at an investment of Rs 60 crore.
The

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ChrysCapital sells 3.478% of its remaining stake in Mahindra & Mahindra Financial Services

Comments Off | 10-26-2010

ChrysCapital said Monday it had sold off its 3.478 per cent remaining shareholding in Mahindra & Mahindra Financial Services for an estimated Rs 225.7 crore. ChrysCapital, the private equity firm said it had sold the stake via a bulk arrangement deal on the Bombay and the New Delhi Stock Exchanges. Previously, ChrysCapital had a shareholding

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Polaris Software Lab Ltd acquires a 50-acre facility in Hyderabad to establish School of Financial Technology

Comments Off | 10-25-2010

Financial technology firm Polaris Software Lab Ltd Friday said it had acquired property belonging to Catalytic Software Ltd to be used in the establishment of the first phase of The School of Financial Technology. Polaris reported acquiring the 50 acre facility in Hyderabad from the US based Catalytic.
The chief shareholder of Catalytic Software Ltd is

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Posted in FDI news India, General, Software & IT india | Read More

Japanese steel firm Sumitomo Metal Industries to acquire 40% stake in Bhushan Steels’ SPV of 6 MT steel plant project in West Bengal, India

Comments Off | 10-23-2010

Sumitomo Metal Industries is set to take over a 40 per cent shareholding in India’s Bhushan Steel’s SPV of 6 MT steel facility project in the state of West Bengal. The Japanese steel firm is poised an investment consideration amount of Rs 20, 000 crore for the 40 per cent stake in the project.  Bhushan

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State Bank of India buys a 20 per cent stake in technology service provider – A Little World Pvt Ltd

Comments Off | 10-22-2010

The State Bank of India Thursday said it had purchased a stake in A Little World Pvt Ltd. State Bank of India, India’s largest bank, bought a 20 per cent stake in A Little World Pvt Ltd, the technology services provider at an investment of Rs 80 Crore. The investment subsequently values A Little World

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Posted in Banking Sector India, FDI Statistics India, FDI news India, General | Read More

Sun TV chief Kalanithi Maran and his firm KAL Airways buy additional 2.28 per cent equity for Rs 43.58 crore in Spicejet

Comments Off | 10-21-2010

In an announcement Wednesday, Spicejet reported that Sun TV owner Kalanithi Maran and his company KAL Airways purchased an additional shareholding, in line with an earlier deal for the acquisition of Spicejet’s 37.7 per cent stake. Maran and his firm KAL Airways bought an extra 2.28 per cent equity in Spicejet for about Rs 43.58

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Posted in Aviation India, FDI Statistics India, FDI news India, General | Read More

UK based engineering major Weir Group PLC has completed acquisition of the valves business of BDK Engineering Industries Ltd

Comments Off | 10-20-2010

Weir Group Plc announced it had completed its takeover of BDK Engineering Industries Ltd’s valves business. Weir Group Plc, the UK based engineering major will undertake the investment in the Karnataka based family business for an undisclosed amount. BDK Engineering Industries Ltd is a family business based in Karnataka and manufactures valves for the oil

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