Archive for the ‘FDI Statistics India’ Category

American private equity firm Warburg Pincus sells 4.08 per cent of its 7.45 per cent stake in Auto component firm Amtek India Ltd

Comments Off | 11-23-2010

Warbug Pincus announced it had disposed off about 4.08 per cent of its 7.45 per cent stake in Indian firm Amtek India Ltd. Warbug reiterated it had sold the stake in the Indian auto component manufacturer for an estimated Rs 35.73 crore. However, Warbug incurred a loss of 60 per cent on this investment. Warbug

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Japanese steel firm in another bid for an interest in another Indian firm

Comments Off | 11-2-2010

Japanese Steel maker Sumitomo Metal Industries is to acquire a stake interest in another Indian firm, after acquiring an interest in Bhushan Steels’ SPV of 6 MT steel plant project in West Bengal. Sumitomo said it is set to acquire a 5.88 per cent shareholding in Steel Strips Wheels Ltd for an investment of $10

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Posted in FDI Statistics India, FDI news India, General, Steel and Iron Sector India | Read More

Opto Circus Ltd acquires Unetixs Vascular’s detection and diagnostics products to increase its share in multibillion health care sector in India

Comments Off | 11-1-2010

Opto Circuits Ltd announced it had bought the detection and diagnostics business of Unetixis Vascular. The firm said it had made the investment as a measure towards increasing the size of its portfolio and offering. The move is geared towards expanding the firm’s presence in the detection and diagnostics space and will go a long

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Posted in FDI Statistics India, FDI news India, General, Health care sector | Read More

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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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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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

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