March 2007
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GVFL invests in CEON Solutions

GVFL, India’s pioneer Venture Capital Company has invested in CEON Solutions Pvt. Ltd., a company incubated by the Centre for Innovation, Incubation and Entrepreneurship at Indian Institute of Management Ahmedabad (CIIE-IIMA).


CEON Solutions Pvt. Ltd. is a solution provider … […]

Cargill Ventures to invest in KPIT Cummins

KPIT Cummins Infosystems Ltd , a global IT consulting organisation, announced today that it has entered into definitive agreement with Cargill Ventures to issue shares of $4.5 million on a preferential basis, in addition to warrants convertible into shares of … […]

RSWM acquires 48 pct stakes in Cheslind Textiles

The leading integrated player in the textiles sector in India, Rajasthan Spinning and Weaving Mills Ltd (RSWM Ltd) has announced that it had concluded a transaction to acquire 48.17 percent stake in Bangalore-based Cheslind Textiles Ltd for Rs 27.8 crore, … […]

Raymond James to buy out Indian partner

U.S. brokerage Raymond James Financial Inc. was looking to buy out the stake of its Indian partner, ASK Investment Financial Consultants, the DNA newspaper reported on Wednesday, citing an unnamed company official.

“You can expect an announcement in the next … […]

India's Dorf Ketal buys unit of ExxonMobil Chemical

Indian specialty chemicals maker Dorf Ketal Chemicals India Pvt Ltd said on Wednesday it had bought ExxonMobil Chemical's component additive business for an undisclosed amount.

Mumbai-based Dorf Ketal makes additive chemicals used in oil refineries and petrochemicals plants. “This acquisition … […]

ICICI Venture picks stake in Electrotherm India

Electrotherm India Ltd on March 20, 2007 has announced that Venture Funds Management Company Ltd. has invested Rs 82 crore, through a private placement, to part fund its second phase of expansion plans of Rs 400 crores.

While ICICI Venture … […]

AIG Capital India acquires Weizmann Homes

AIG Capital India Private Limited, a wholly owned subsidiary of American International Group, Inc., signed an agreement to acquire 100% of the outstanding equity of Weizmann Homes Limited, a housing finance company registered with the National Housing Bank from Weizmann … […]

Trinity picks up stake worth Rs 82 cr in Fortis

Private equity firm Trinity Capital Plc has increased its stake in Shivinder Mohan Singh- promoted Fortis Healthcare Ltd to 4.24 per cent, by picking up an additional six million shares in the company for 10.3 million pounds (about Rs 82.4 … […]

UTI Ventures plans to raise $450m via offshore fund

UTI Ventures — the private equity arm of UTI Mutual Fund — is planning to raise $400-450 million through an offshore fund. The proposed fund, which will be its third in seven years, will be set up as an offshore … […]