Archive for July, 2011

HCC to sell 14.5% in HCC Concessions to The Xander Group

Comments Off | 07-30-2011

HCC Infrastructure Co Ltd, a 100% subsidiary of Hindustan Construction Company Ltd, will raise Rs.240 crore by diluting a 14.5% stake in its wholly owned subsidiary, HCC Concessions Ltd.
The stake is to be acquired by The Xander Group, a global investment firm focused on the infrastructure, hospitality, retail and real estate sectors. The transaction values

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Walt Disney in Offer to Buyout India’s UTV Software

Comments Off | 07-29-2011

Walt Disney Company (Southeast Asia) Pte Ltd has offered to buyout public and promoter shareholding in UTV Software Communications Limited and de-list the company from BSE and NSE, reported Deal Curry Thursday.
The delisting proposal entails an offer to acquire all outstanding equity shares of the company held by public at a price not exceeding Rs

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Cognizant to Acquire CoreLogic India Operations

Comments Off | 07-28-2011

Cognizant Tuesday announced the signing of a definitive agreement under which the company will acquire CoreLogic Global Services Private Limited (CoreLogic India), the India-based captive operations of CoreLogic.
The purchase price will consist of a cash payment of approximately $50 million, plus adjustments for working capital and other charges or credits which will be determined at

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Blackstone Group to invest $111 million in Kolkata-based Visa Group’s power business

Comments Off | 07-27-2011

The Times of India Tuesday reported that Blackstone Group has signed a definitive agreement to invest about $111 million (Rs 500 crore), in Kolkata-based Visa Group’s power business. According to sources close to the deal, Blackstone will hold around 25.2% stake in Visa Power, which is an independent power producer whose core asset is a

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IFC keen to acquire 20% stake in a Tata Capital sponsored new NBFC to fund Indian SMEs

Comments Off | 07-26-2011

Deal Curry Monday reported that the International Monetary Fund (IFC) is looking to acquire 20 per cent stake in a Tata Capital sponsored new NBFC, which will focus on providing financing and advisory services to Indian SMEs. The initial capitalization of this Mumbai-based NBFC may be up to $20 million.
The NBFC will offer debt financing

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Continental AG completes acquisition of 100% shareholding in Modi Tyres Company Ltd

Comments Off | 07-25-2011

Continental, one of the leading international automotive suppliers and the world’s fourth largest tire manufacturer, has acquired 100% shareholding in Modi Tyres Company Limited (MTCL), a subsidiary of Modi Rubber LTD.
Further to the announcement in April, Continental confirmed Friday that it has now received the necessary regulatory clearances and has completed the acquisition. The purchase

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Posted in Automobile Investments India, FDI news India, General | Read More

Japanese map publisher Zenrin in talks to buy 24% stake in MapmyIndia

Comments Off | 07-23-2011

The Economic Times of India (ET) Wednesday reported that Japanese map publisher Zenrin is all set to buy a significant stake in an India-based digital-map company that is being valued at $125 million.
Zenrin is in advanced talks to invest $30 million for a 24% stake in MapmyIndia, the country’s largest provider of digital-map data and

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Toronto based LoyaltyOne acquires 26% stake in India based Direxions Marketing Solutions

Comments Off | 07-21-2011

Toronto-based LoyaltyOne, an Alliance Data business and owner of one of Canada’s most admired brands – the AIR MILES Reward Program, has acquired a 26 percent stake in India-based Direxions Marketing Solutions Pvt. Ltd.
Direxions is behind some of India’s largest loyalty programs in the airline, hospitality and retail sectors and counts among its clients leading

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Komli Media Acquires ZestADZ, Leading Mobile Advertising Platform

Comments Off | 07-21-2011

Komli Media, Asia Pacific’s leading digital media technology platform, Tuesday announced the acquisition of ZestADZ, a leading mobile advertising platform.
With this acquisition, Komli Media becomes the first digital media company in the Asia Pacific region to offer a full suite of digital solutions to agencies, advertisers, and publishers, with solutions across display, video, search, social

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Rolta Acquires public safety and emergency response Company, ACLS Systems

Comments Off | 07-20-2011

Rolta announced Monday that it has acquired the public safety and emergency response company ACLS Systems, FZC through complete asset purchase.
This acquisition includes acquiring the full portfolio of ACLS software technology including source code, design documentation, IPR rights and all other related materials, along with exclusive world-wide sales and marketing rights and the hiring of

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