Invest in India News

  • MIC Electronics Limited sells 68.26% stake in Infostep India Private Limited to US-based Saama Technologies Inc.

    MIC Electronics Limited announced it has sold its entire 68.26% stake in its step down subsidiary Infostep India Private Limited to US-based Saama Technologies Inc. The investment transaction was $3 million.

    The exit is part of MIC's plan to focus on its core business of LED Lighting & display systems. Hyderabad-based InfoStep India is a subsidiary of MIC Electronics’ US-based subsidiary InfoStep Inc and provides IT consulting, business intelligence, data integration, data management and emerging technologies.

  • Chicago based Groupon Inc acquires Kolkata based SoSasta.com which was co-founded by former Google employees

    Groupon Inc. announced the acquisition of India based buying website SoSata.com. The Kolkata based firm will be renamed Groupon India. Ananya Bubna, co-founder and CEO of SoSasta.com will be the managing director of Groupon India.

  • Schneider Electric invests in majority share acquisition in India’s APW President Systems Ltd

    Schneider Electric, the global specialist in energy management, announced Friday that it has signed an agreement to acquire a majority of the shares in India’s APW President Systems Ltd. The Indian firm designs and manufactures standard and customized racks and enclosure systems in the country, serving in particular information technology and telecom end-users.

  • Tata International Ltd acquires a 76% stake in Bachi Shoes India Pvt Ltd and Euro Shoe Components Pvt Ltd

    Tata entities trading arm Tata International Ltd (TIL) announced it had acquired a 76 per cent stake in two firms, Bachi Shoes India Pvt Ltd (BSIPL) and Euro Shoe Components Pvt Ltd (ESCPL).  Tata International will acquire the 76 per cent stake from each of the individual firms. The investment sees Tata International acquire India’s largest manufacturer of children’s footwear, BSIPL. Bachi Shoes India Pvt Ltd supplies its products to a number of international brands all over Europe.

  • Kotak India Real Estate Fund I sells residential plot to Mexican firm Homex

    The Economic Times reported Thursday that Homex, a Mexican pre-fabricated affordable housing firm invested Rs 130 crore in the purchase of a residential plot from Kotak India Real Estate Fund I. The 20-acre residential plot is situated in Old Mahabalipuram Road (OMR) in Chennai.  The buying price reflects a purchase price of Rs.6.5 crore per acre.

  • Hitachi Consulting to expand its footprint with addition of offshore Global Development Centers in India and China

    Hitachi Consulting, a recognized leader in delivering proven business and IT strategies and solutions, announced Wednesday it has acquired Sierra Atlantic, a leader in offshore enterprise applications and outsourced product development.

    The acquisition will significantly expand Hitachi Consulting's footprint with the addition of offshore Global Development Centers in Hyderabad, India, and Guangzhou, China along with a best-in-class global delivery model. It will also bring expanded capabilities to Hitachi Consulting's Oracle business.

  • IFC invests $10 million in Shri Mahila SEWA Sahakari Bank (SEWA Bank)

    The International Financial Corporation (IFC) announced Tuesday it is to make an investment of $10 million in Shri Mahila SEWA Sahakari Bank (SEWA Bank). The SEWA Bank is based in Ahmedabad, India. Under its plans, the bank will use some of the funds from the financing for expansion and investment. SEWA Bank, part of the SEWA group founded by Ela R Bhatt, will use the funding to expand its geographic presence and strengthen capacity.

  • Amtek Auto Limited acquires 10% stake in Garima Buildporp Private Limited

    Amtek Auto Ltd Monday acquired 10 per cent stake in Garima Buildporp Pvt Ltd. Garima Buildporp Pvt Ltd is the holding firm of OCL Iron and Steel Ltd. The deal is expected to enable Amtek Auto to source steel from Garima for manufacturing auto components. Garima Buildporp, a wholly owned subsidiary of Gateway Impex Private Limited, manufactures and sales steel and power generation.

  • Bosch Group plans to invest Rs 2,300 crore in India over the next three years

    Bosch Group is to invest Rs 2,300 crore in India in the coming three years, reported the firm. Bosch Group is a supplier of technology and services to original equipment manufacturers (OEMs) in the automobile sector. According to its plans, the company is keen on introducing new technology-driven products in all its business areas such as automotive technology, industrial technology, consumer goods and building technology.

  • Moonbeam Capital invests in Bangalore based SaaS expert PK4 Software Technologies

    Moonbeam Capital reported it had invested in PK4 Software Technologies Private Limited; a Bangalore-based SaaS (software as a service) firm. Moonbeam Capital is a Gurgaon-based investment and advisory firm. The funds raised will be used for expansion in other markets and verticals. PK4 offers on-demand integrated CRM solution to small, medium, and large enterprises.  Its flagship cloud-based CRM product is known as 'Impel CRM', which was launched in July 2008.

  • India FDI performs impressively in IBM Global Business Services report

    India fell one place to Philippines for business support functions (such as shared services and business process outsourcing) in the global ranking, after having challenged the top position for several years, revealed an IBM report. This is the first time that India is not in the leading position for these activities.

  • Oil and Natural Gas Corporation Limited (ONGC) to hike its stake in Pawan Hans Helicopters Limited (PHHL)

    The Financial Chronicle reported Tuesday that ONGC is mulling an increase of its stake in Pawan Hans Helicopters Limited (PHHL). The move will see the firm’s shareholding rise from 21.5% to 49%, by buying additional 27.5% for around Rs.96 Crore. With the deal, the Indian government’s stake will come down to 51% from its current 78.5%.

  • Cx Partners invests Rs 188 Crore in medical diagnostics firm Thyrocare Technologies Ltd

    Cx Partners reported it had invested around Rs 188 crore in Thyrocare Technologies for the acquisition of a 30 per cent stake. Cx Partners, the private equity firm, will acquire the stake in the medical diagnostics firm, valuing Thyrocare Technologies Ltd at Rs 627 Crore. According to the firm, the funds to be accrued from the sale will go into expansion into radiology diagnostics like CT Scans and magnetic resonance imaging (MRIs).

  • USA based iGate Corporation & Apax Partners to buy 63 per cent stake in Patni Computers

    Reuters reported Monday that US-based iGate Corporation and private equity firm Apax Partners are close to buying 63 per cent stake in Patni Computers. The two firms will undertake the investment for an estimated $915 million. This values the company at around $1,452 million.
    The Apax-iGate consortium has offered about 500 Indian rupees a share for the stake and the deal is likely to be announced early next week.

  • Leighton International Limited and Welspun Group in joint venture for infrastructure projects in Indian regions

    Leighton International Limited and Welspun Group announced they have entered into a joint venture to pursue infrastructure opportunities in the Indian and nearby regional markets, including Sri Lanka. Welspun Group through its closely held entity, Welspun Infra Projects Pvt Ltd., has agreed to acquire 35% strategic stake in Leighton Contractors (India) Pvt. Ltd., Leighton International’s Indian operations for Rs. 470 crore, said the firm.