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Kotak PE pumps in Rs 100 crore in DRS

Hyderabad-based DRS Logistics is revving up plans to become a Rs 10,000 crore company by 2010.

Better known by its brand name Agarwal Packers and Movers, DRS has already has roped in Kotak Mahindra Bank’s India Growth Fund to pump … […]

Dabur India is close to acquiring over 60% stake in Unza Holdings for around Rs 6,000-6,750 million, reports Economic Times

Unza Holdings is a Singapore-based consumer goods company. It is a leading personal care manufacturer and marketer in Southeast Asia, with 48 brands in its portfolio. It is equally owned by the company management and two private equity funds.

Dabur … […]

Evolvence India raises 65 mn dlr in AIM

Evolvence India Holdings Plc, a fund of funds holding company that focuses on India, today said it has raised 65 million dollars through placement of shares on London Stock Exchange's AIM market.

The fundraising has been conducted by Fairfax PLC … […]

Fino gets $5-million IFC investment

International Finance Corporation (IFC) has decided to invest up to $5 million in Financial Information Network & Operations (Fino), a technology service provider offering end-to-end IT solutions that help banks reach under-served rural markets in India.

“The investment comprises common … […]

lalit Suri’s delhi hotel up for sale

Intercontinental, The Grand New Delhi, owned by late hotelier Lalit Suri is on the block. Jyotsna Suri, joint MD and wife of Lalit Suri, has put an asking price of Rs 900 crore for the property.

Potential suitors could include … […]

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 … […]