April 2007
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Hershey to Buy 51 Pct in India's Godrej Beverages

.S. chocolate maker Hershey Co.  has received India's approval to buy 51 percent in Godrej Beverages & Food Ltd. for 2.38 billion rupees ($55 million), a government statement showed on Monday.

Hershey will buy shares in Godrej Beverages from IL&FS … [...]

India-based Online Games Firm Games2Win Raises $5 Million

Online game developer Games2Win has raised about $5 million in its first round of venture capital financing, led by Clearstone Venture Partners and SVB Financial Group, PEHub.com reported.

Founded in 2005, Mumbai-based Games2Win offers a library of casual games, downloadable … [...]

It's a deal! M&A roar gets louder

The string of big ticket deals struck by India Inc in the last three months has created a new milestone for deal street. With the cumulative value of the deals announced during the first quarter of 2007 pegged at a … [...]

BCCL buys stake in eYantra

Bennett, Coleman & Company (BCCL) has acquired a stake in Hyderabad-based eYantra Industries, a corporate brand merchandising company with single largest source of all merchandising products, one-stop-shop for ideation, designing and execution.

eYantra has entered into long term exclusive merchandising … [...]

ChrysCapital picks up 15% stake in Spanco Telesystems

Private equity player ChrysCapital has picked up 15% stake in networking and system integration company Spanco Telesystems. The PE player did not divulge the transaction value.

“Spanco will benefit from the domestic IT spend by telecom service providers, defence, state … [...]

ADAG keen on Miditech buy

The Reliance Anil Dhirubhai Ambani Group (ADAG) is now eyeing Miditech, the production house synonymous with reality programming in India, for a 51% buy-out. The company’s interest in Miditech stems from its plan to foray into the broadcasting space with … [...]

Indian Hotels to acquire Hotel Campton Place

In a bid to expand its presence in the US market, Indian Hotels Co, operator of Taj Hotels, Resorts and Palaces today said it will acquire US-based Hotel Campton Place for around Rs 264 crore (USD 60 million).

The acquisition … [...]

MBPV acquires 40 pc stake in Slovenian firm

MOSER BAER INDIA said that its wholly owned subsidiary, Moser Baer Photo Voltaic (MBPV), has acquired 40 per cent equity stake, out of 100 per cent, in Slovenia-based Solarvalue Proizvodnja.
 
The first phase of 80-mw crystalline silicon plant of … [...]

VC/PE inflow doubles to $2.4 billion in Jan-March

Despite the see-sawing of the stock markets and the Budget announcements, the overall VC/PE investments in India seems to be riding on a crest. The first quarter of 2007 (January-March) has seen VC/PE investments almost double to about $2.4 billion … [...]