Invest in India News

  • Glodyne Technoserve acquires India’s leading provider of e-governance services Comat Technologies

    Glodyne Technoserve Limited one of the largest technology infrastructure management services provider and a pioneer in e-governance managed services space in the country Friday announced the acquisition of Comat Technologies, a leading provider of e-governance services in India.

    Comat has created a strong niche in the e-governance sector in the country having worked with governments in using technology to provide services that ensure reach to millions of people and bring efficiency in the processes.

  • IFC invests $4 million in India’s First Large-Scale Thin-Film Solar Plant to Promote Clean Energy

    International Finance Corp. (IFC), a member of the World Bank Group, is investing $4 million in India’s Sapphire Industrial Infrastructures Private Limited to implement the country’s first large-scale grid-connected thin-film solar plant, which will help bolster clean energy locally and provide additional electricity to about 11,000 people.

  • BBVA attains SEBI license to invest in India’s bond market

    According to Money Control, Global financial services group BBVA, on Thursday said that Indian capital markets regulator Sebi has granted it the Foreign Institutional Investor (FII) license to invest in the country’s bond market.

  • Texas Pacific Group acquires 15% shareholding in Shriram Properties

    The Economic Times of India Wednesday reported that Texas Pacific Group Capital (TPG) has picked up a 15% shareholding in Shriram Properties, the realty arm of diversified financial services group Shriram Group, for Rs 450 crore. The transaction values the Bangalore-based developer at more than Rs 2,700 crore.

  • US based KKR to acquire additional 11 per cent in Avantha Power

    According to the Economic Times (ET) of India, Kohlberg Kravis & Roberts (KKR) is looking to acquire an additional 11% stake in Gautam Thapar-controlled Avantha Power and Infrastructure Limited (APIL).

    The move will cost KKR an estimated $75 million. This will value the firm at $682 million. KKR had invested $50 million (Rs.217 Cr) in last October for 9% stake, valuing the firm at $555 million, said ET.

  • BenefitsPLUS acquires Snowball eRetail Services

    According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence. The move gears up benefitsPLUS to take an even healthier slice out of the estimated Rs 47,000 Cr e-c0mmerce market.

  • HSIL Limited buys 60% stake of Garden Polymers Pvt Ltd

    HSIL Limited, India’s leading Building Products and Container Glass Company has signed Share Purchase Agreement (SPA) with existing promoter shareholders of Garden Polymers Pvt. Ltd. (Garden), to acquire 60% stake in all cash deal.

    The remaining 40% stake will be bought by the promoter group of HSIL on same terms and value. Total deal size agreed for 100% stake is Rs. 89 crores. All the conditions precedent and other legal formalities, to consummate the deal, will be finished soon, said the Company.

  • Jacobs picks up majority stake in Consulting Engineering Services (India) Private Limited

    Jacobs Engineering Group Inc. announced Thursday that it has acquired a majority ownership of Consulting Engineering Services (India) Private Limited (CES). Founded in 1969, CES is a leading power, infrastructure, and civil engineering company in India, headquartered in Delhi.

  • Coromandel International acquires 42.2 per cent promoters’ stake in Sabero Organics Gujarat Limited

    The Business Standard Monday reported that Hyderabad-based Coromandel International Ltd (CIL), part of the Rs 17,051-crore Murugappa group of Chennai, acquired the entire 42.2 per cent promoters’ stake in Sabero Organics Gujarat Limited, a Mumbai-based agrochemical manufacturer.

    The all cash deal amounted to Rs 250 crore at Rs 160 per equity share a premium of around Rs 65 per share. The total valuation of the company stood at Rs 592.41 crore. The acquisition was funded through internal accruals, said the Business Standard.
     

  • Serco to acquire India’s leading provider of BPO services to the private sector

    Serco is to acquire Intelenet, a leading provider of business process outsourcing (BPO) services to the private sector around the world and in the domestic Indian market. The investment is for a consideration of £385 million.

    From operations in 34 global delivery centres across seven countries, Intelenet provides a broad range of middle and back office services and has a strong customer base of international organizations, predominantly across the financial services, travel, healthcare and telecom sectors.

  • Schneider Electric acquires majority stake in India’s Luminous Power Technologies

    Schneider Electric announced Tuesday that it has signed an agreement to acquire 74% of Luminous Power Technologies Pvt. Ltd., a market leader in India that provides inverters, UPS and power storage systems to help homes and small and medium sized businesses face frequent power cuts.

    The purchase price for 74% of the shares is INR 14 billion (€215 million). The remaining 26% owned by the founders will be subject to put and call options. This acquisition is expected to be accretive on earnings per share from the first year.

  • Honda Motor to invest about $331 million on its production capacity expansion plan in India

    According to the Wall Street Journal, Honda Motor Co.'s (HMC) Indian two-wheeler unit will invest about $331 million, approximately INR15 billion, on its production capacity expansion plan. A source close to the deal told the Wall Street Journal the company is embarking on an ambitious expansion plan as it seeks to exploit rapidly rising demand in the Indian sub-continent.

  • JP Morgan invests $30 million in Parsvnath Developers' residential project

    According to a report carried by the Economic Times of India, JP Morgan has invested $30 million in Parsvnath Developers' residential project La Tropicana coming up in the Civil Lines area of New Delhi.

  • Morgan Stanley Infrastructure Partners in a joint venture with Isolux Corsán Concesiones in India

    Morgan Stanley Infrastructure (MSI), the dedicated infrastructure investing platform of Morgan Stanley (MS), announced Thursday that Morgan Stanley Infrastructure Partners (MSIP), a US$4 billion global infrastructure fund, has committed to invest up to US200 million in a joint venture with Isolux Corsán Concesiones in India.

  • Germany’s RTS to acquire First Futures Software in India

    RTS, a leading global trading solutions provider headquartered in Frankfurt, Germany, Thursday announced that it has signed a letter of intent and entered into exclusive negotiations to acquire First Futures Software Engineering Pvt. Ltd. (FFS), a high-end technology solutions provider in Pune, India. The transaction marks RTS’ first acquisition of another company since its founding in 1992.