Invest in India News

  • Huntsman Corporation completes purchase of Indian chemical producer Laffans Petrochemicals Ltd

    Huntsman Corporation has completed its acquisition of Indian chemical producer Laffans Petrochemicals Ltd. With the investment, Huntsman has taken over ownership of Laffans’ 60kt ethylene oxide derivatives facility in Ankleshwar, Gujarat. The purpose-built plant produces specialty intermediates for use in agrochemicals, household and personal care products, oil and gas applications and automotive lubricants and brake fluids. The financial details of the transaction were however not disclosed.

  • Russia’s Sistema increases its share capital in its India unit Sistema Shyam TeleServices Ltd

    Sistema, the largest diversified public financial corporation in Russia and the CIS, Friday announced an increase in the share capital of Sistema Shyam TeleServices Ltd (SSTL). Sistema Shyam TeleServices is Sistema's subsidiary in India that provides telecommunications services under the MTS brand. The capital stake increase was by means of an additional Sistema share issue.

  • CNH Global NV acquires full ownership of L&T – CASE Equipment Private Limited

    CNH Global NV, a global leader in the agricultural and construction equipment business, has acquired full ownership of L&T – CASE Equipment Private Limited, an unconsolidated joint venture established in 1999 with Larsen & Toubro Limited to manufacture and sell construction and building equipment in India. The new wholly owned company will take the name Case New Holland Construction Equipment India Private Limited, said a Company statement.

  • German car maker Volkswagen plans investment of US$24 million in India

    German car maker Volkswagen is planning to invest approximately Rs 120 Crore in India for the establishment of a non-banking financial arm, reported PTI. The car maker’s Volkswagen Finance Private Ltd has already received license from the Reserve Bank of India that allows it to commence operations of its Non-Banking Finance Company (NBFC).

  • 3i India Infrastructure Fund to invest around $111.51 million in KMC Infratech Limited

    3i India Infrastructure Fund, an investment fund established by international investor 3i Group plc, (3i) is investing around $111.51 million in KMC Infratech Limited (KMCIL), a subsidiary of KMC Constructions Limited (KMCCL). KMC Infratech was incorporated in 2008 and is the flagship company of KMC Constructions Limited for all its existing and prospective road “build, operate and transfer” assets.

  • Marico Group sells refined sunflower oil brand ‘Sweekar’ to Cargill India Private Limited

    The Marico Group announced it has divested its refined sunflower oil brand ‘Sweekar’ to Cargill India Private Limited (Cargill). The transaction, for an undisclosed consideration foresees an assignment of the Sweekar trademark and copyrights from Marico to Cargill. The transaction takes immediate effect.

  • Pitney Bowes Business Insight to invest Rs 500 Crore in India over the next three years

    Software firm Pitney Bowes Business Insight is planning to invest an estimated Rs 500 Crore in India. The investment is aimed at reinforcing Pitney Bowes product development centre and sales and marketing team in the country. The investment will be undertaken over the coming three years, reported the Economic Times of India.

  • Reliance Equity Advisors invests Rs 120 Crore in Shankara Pipes India Ltd

    Reliance Equity Advisors has invested Rs.120 Crore in Bangalore based Shankara Pipes India Ltd. The Bangalore business was incorporated more than ten years ago and is involved in the distribution of a variety of steel tubes and pipes, reported the Times of India. Shankara Pipes India is promoted by Sukumar Srinivas and has over 600 retail-cum-distribution centers across the southern states of India.

  • Sesa Goa Limited purchases assets of Bellary Steel & Alloys Limited

    Sesa Goa Limited (SGL) has purchased the assets of the upcoming Steel Plant Unit of Bellary Steel & Alloys Limited (BSAL). The investment is for an all cash consideration of Rs 220.00 Crore. BSAL’s secured creditors, represented by IFCI Ltd, had taken over possession of the properties of BSAL in association with the official liquidator.

  • Meinhardt Group picks up 100% of India’s leading provider of advanced engineering services, Eigen Technical Services

    The Meinhardt Group has acquired India’s leading provider of advanced engineering services to the global construction industry, Eigen Technical Services Pvt Ltd. The Meinhardt Group is a global engineering, infrastructure and project management consultancy firm. The Meinhardt Group acquires Eigen Technical Services from Laing O'Rourke, the privately-owned, international engineering and construction group.

  • Publicis Groupe picks up majority stake in leading Mumbai healthcare advertising agency

    Publicis Groupe is to acquire a majority stake in Watermelon Healthcare Communications Private Limited, a leading healthcare advertising agency in Mumbai, India. Post the stake acquisition, Watermelon will become part of Publicis Healthcare Communications Group (PHCG) and will be renamed Publicis Life Brands Watermelon. This transaction is subject to customary local closing conditions.

  • Voltas Limited and Germany’s KION Group form a joint venture

    India’s Voltas Limited and Germany’s KION Group GmbH have agreed to set up a joint venture in India for the development, manufacture, marketing, and servicing of forklift trucks and warehousing equipment. Voltas’s material handling operations will be integrated into a new joint venture company (JV), where the KION Group will hold a majority share.

  • Goldman Sachs Asset Management to acquire Benchmark Asset Management Company

    Goldman Sachs Asset Management is to acquire Benchmark Asset Management Company, an asset management company in India. The transaction is expected to close later in the year, subject to regulatory approvals. The terms of the transaction were however not disclosed.

  • Blackstone Advisors picks up minority stake in VIP Industries Ltd

    Blackstone Advisors has purchased a minority stake in VIP Industries Ltd. Blackstone bought the 2 per cent stake through an open market transaction for around Rs.36-40 crore, valuing the company at Rs.1,800-2,000 crore, reported DealCurry. However, Blackstone may increase its stake to 5 per cent. Currently promoter and promoter group hold 43.93 per cent stake in VIP, with the remainder being held by Rakesh Jhunjhunwala, about 4.47 per cent stake.

  • Indian firm A&A Dukaan Financial Services raises $6 million in funding from Walden International

    Indian firm A&A Dukaan Financial Services Pvt Ltd has raised $6 million in its second round of funding from Venture Capital firm Walden International. A&A Dukaan runs a loan advisory and processing portal BankBazaar.com. The funds raised are to be used to improve product availability, as A&A Dukaan plans tie-ups with more banks, as well as add insurance policies and credit cards.