March 2007
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BNP Paribas buys 27 pct of India's Geojit; stake to rise more in capital hike

BNP Paribas said it acquired 27 pct of Geojit Financial Services in India, and plans to raise its stake to a minimum of 34.35 pct by subscribing to a capital hike.

The value of the deal was not disclosed.

The … […]

Havell's acquire Sylvania's lighting biz for $300 mn

Havell's India today said it has acquired SLI Sylvania's lighting business for 300 million dollars (about Rs 1,350 crores), the biggest overseas takeover by an Indian electrical equipment manufacturer.

“We have acquired Sylvania's lighting business for 300 million dollars through … […]

RBI guidelines hit CSB capital raising plans

Thrissur-based Catholic Syrian Bank’s (CSB) capital raising plans appear to have hit a roadblock. The Reserve Bank of India (RBI) is not willing to clear the bank’s proposal to make preferential allotment of about 15 per cent stake in the bank to Asian private equity firm, AIF Capital Development.   The Foreign Investment Promotion Board (FIPB) has cleared the proposal but the RBI guidelines restrict any single private equity firm’s holding in a private sector bank to 5 per […]

3i in talks to invest $100 m in Mantri Developers

Private equity major 3i is in talks with Mantri Developers Private for investing up to $100 million, sources said. The deal could be one of the big fund actions in the red hot domestic realty space. Sources said Mantri and … […]

Sical Logistics to allot 52,50,000 shares to IDFC Private Equity Fund on preferential basis

Sical Logistics  has Decided to offer, issue and allot to IDFC PRIVATE EQUITY FUND – II on private placement / preferential basis, 52,50,000 equity shares of Rs 10/- each of the Company for cash at a price including premium, provided … […]