Archive for January, 2011

HDFC and Gaja Capital Partners buys stake in Indus World Schools

Comments Off | 01-31-2011

The Economic Times of India reported that HDFC Bank and Gaja Capital Partners bought a stake in Indus World Schools (IWS), a unit of Career Launcher India Limited, for around Rs.40-50 crore. According to the report, Indus World plans to use the raised funds for its expansion strategy, as it plans to increase its current

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3i picks up minority stake in Indian facility management services firm BVG India Ltd

Comments Off | 01-30-2011

3i, an international investor in private equity, infrastructure and debt management, and funds managed by 3i, acquired a minority stake in BVG India Limited. BVG is one of India’s largest facilities management services companies with a pan India presence, offering a wide range of services, stated a press release from 3i.
Established over two decades ago,

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Elektro Anlagen Pvt Ltd in joint venture with the US based Kasa Companies Inc

Comments Off | 01-29-2011

Elektro Anlagen Pvt Ltd has gone into a joint venture with US based Kasa Companies Inc. The US based firm joins Elektro Anlagen Pvt as a financial partner. Under the terms of the investment, Elektro Anlagen will be renamed Kasa Anlagen and will offer industrial electricals and automation solutions to various sectors.
The deal will also

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TPG Capital mulling 14% stake buy in Time Technoplast Ltd (TTL)

Comments Off | 01-27-2011

The Economic Times Wednesday reported that TPG Capital is mulling a 14% stake purchase in Time Technoplast Limited (TTL), a polymer product maker. According to the Times, TPG may pay Rs.65 per share for the stake, representing about 30% premium to the current market price of Rs.50 per share.
The investment is aimed at expanding Time

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Mumbai based Komli Media raises third round of funding of $15 million for upgrading current products and technology

Comments Off | 01-27-2011

Komli Media successfully completed its third round of funding, aimed at expanding the firm’s offering and upgrading its existing products and technology. The Mumbai based firm raised $15 million, about Rs.67.5 crore, led by Norwest Venture Partners (NVP) and existing investors, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson (DFJ).
Under the terms of

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Dutch consumer electronics maker Philips purchases leading Indian kitchen appliance maker Preethi

Comments Off | 01-26-2011

Philips Monday announced it had purchased leading Indian kitchen appliance maker Preethi for an undisclosed amount. Royal Philips is a Dutch consumer electronics maker. The investment is aimed at turning the Dutch firm into a leader in India’s fast-growing market.
In a statement, Royal Philips Electronics said it has agreed to acquire the assets of the

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German based Henkel AG mulling sell of its stake in its subsidiary Henkel India

Comments Off | 01-24-2011

Henkel AG, the Germany based FMCG firm, is mulling the sale of its stake in Henkel India, its subsidiary in the Indian subcontinent, the times of India reported. According to the reports, Henkel AG may be mulling to divest either part of the stake or offload its entire stake in the subsidiary. Henkel India is

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Tikona Digital Networks Pvt Ltd acquires HCL Infosystems wholly owned subsidiary, HCL Infinet

Comments Off | 01-24-2011

Tikona Digital Networks Pvt Ltd acquired HCL Infosystems wholly owned subsidiary HCL Infinet. Tikona Digital Networks expects the acquisition to add an enterprise services base, with faster wireless services. Tikona boasts wireless broadband services in unlicensed spectrum, having launched it recently.
On the other hand though, HCL Infosystems undertakes the investment as part of its transformation

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Tulip Telecom Ltd acquires Data Center facility in Bengaluru, India, by acquiring 100% shares of SADA IT Parks Private Ltd

Comments Off | 01-22-2011

Tulip Telecom Ltd Friday acquired 100% shares of SADA IT Parks Private Limited (SADA).  SADA is India’s leading Enterprise Data services provider. Tulip undertakes the investment as it seeks to bolster its end to end data services offering. The Data Center facility was acquired for a consideration of Rs 230 crore.
This latest investment comes as

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Vodafone objects to Essar Group’s reverse merger plans, Essar hits back

Comments Off | 01-20-2011

Indian telecoms giant, Essar Group, reacted strongly to objection from the UK’s Vodafone over Essar’s reverse merger plans. The Essar Group wants reverse merger of Essar Telecom Holdings Ltd into its listed group firm, India Securities Ltd. Vodafone Plc currently holds a 67 per cent stake in Vodafone Essar in India, and has objected to

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