Archive for June, 2011

Vistaprint N.V. to acquire Mumbai based PrintBell

Comments Off | 06-30-2011

Vistaprint N.V., a leading online provider of professional marketing products and services to small businesses and independent professionals, Tuesday announced its plans to acquire Mumbai, India-based PrintBell, India’s first online solution for corporate identity and marketing products.
As part of this agreement, PrintBell founder and CEO Nilesh Parwani will establish and serve as the Managing Director

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Japan’s Kokuyo S&T Co acquires India’s Camlin

Comments Off | 06-29-2011

Kokuyo S&T Co Ltd, a consolidated subsidiary of Kokuyo Co Ltd, announced it had acquired a majority of Camlin shareholding. Camlin Limited is a major manufacturer of stationery and color products located in Mumbai, India.
Kokuyo commenced business partnership with Camlin last year, co-operating in the sale of notebooks, and this Transaction is a friendly acquisition,

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Navis Capital Partners buys majority stake in Classic Stripes Private Limited

Comments Off | 06-28-2011

The Economic Times (ET) of India Monday reported that Navis Capital Partners has bought majority stake in Mumbai-based Classic Stripes Private Limited for $100 million. The funds raised will be used for expansion, including increasing existing production capacity.
According to the Times, a source familiar with the situation confirmed that the Malaysia-based Navis Capital Partners picked

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Carlyle invests US$25 million in India’s manufacturer of water-based polymer emulsions, Visen Industries Limited

Comments Off | 06-26-2011

An affiliate of global alternative asset manager, The Carlyle Group, has invested US$25 million in Visen Industries Limited, a large manufacturer of water-based polymer emulsions in India. Funds from the affiliate, First Carlyle Ventures III (FCV III), will be used by Visen to expand its manufacturing capacities in India and abroad.
Visen is well established in

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Molson Coors and Cobra India in joint venture to brew and market Cobra beer in South Asia

Comments Off | 06-25-2011

Molson Coors Brewing Company and Cobra India announced Thursday the formation of a joint venture that will brew and market Cobra beer in South Asia.
Under the terms of the agreement, Molson Coors will purchase a controlling stake of Cobra India from two existing investors and will have operational control over the new Molson Coors Cobra

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KK Modi group to acquire majority stake in cigarette maker Godfrey Phillips India

Comments Off | 06-24-2011

The India Economic Times Thursday reported that KK Modi group is to acquire majority control in cigarette maker Godfrey Phillips India (GPI) from American tobacco major Philip Morris. The Indian business is leading the company’s charge into noncigarette segments such as beedi and chewing pan masala, potentially to the discomfort of the foreign partner.
GPI, a

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Samena Capital acquires additional Stake in Dynamatic Technologies

Comments Off | 06-23-2011

Samena Special Situations Fund, the fund managed by Samena Capital has bought additional 1.1% stake in Dynamatic Technologies Ltd for Rs.9.3 Cr through bulk deal. It bought 60000 shares at Rs.1549 per share through bulk deal on BSE and NSE together.
This will increase Samena Capital’s stake in the company from its current holding of 7.2%

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Orb Energy and Acumen Fund enter energy Partnership deal in India

Comments Off | 06-22-2011

Orb Energy Pte Ltd. (Orb), one of India’s leading providers of solar energy systems, and Acumen Fund, a nonprofit global venture firm addressing poverty in South Asia and East Africa, Tuesday announced a partnership to address energy needs for millions of Indians without reliable electricity.
Acumen Fund is making a significant equity investment to help Orb

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Tata Steel Limited divests stake in Riversdale Mining Ltd

Comments Off | 06-21-2011

As a part of the ongoing review of the strategic investments of the company, Tata Steel Limited Board have considered the recent announcement of Rio Tinto Jersey Holdings 2010 Limited to de-list Riversdale Mining Limited following its increased shareholding to 73.20% in Riversdale Mining Limited.
Tata Steel announced it has decided against holding its equity investment

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Max India acquires private equity firm Warburg Pincus’ 16.37% stake in its hospital chain Max Healthcare

Comments Off | 06-19-2011

According to the Economic Times of India (ET), Max India has decided to acquire private equity firm Warburg Pincus’ 16.37% stake in its hospital chain Max Healthcare for Rs 140 crore.
Under the proposed transaction, Max India is buying 4.76 crore shares of the hospital chain at 29.40 rupees per share from Warburg Pincus, the company

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