May 2010
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Amtek Auto bought 26.3% Stake in Amtek India

Amtek Auto, an automotive component manufacturer that is based in Delhi has obtained a 26.3% stake in group Company Amtek India from the supporters in a contract worth Rs. 215 crore to merge industry under one flagship firm. On Friday it said that the deal is part of an accord where public-listed Company Amtek Auto has approved to purchase a 40.2% stake owned by the promoters in another listed firm Amtek India at a price not more than Rs. 68 a share. “We are looking at consolidated operations for the automotive vertical under a single company that would give better value for our investors and synergies in our different operations such as purchases, recruitments and sales,” Amtek Auto CFO Santosh Singhi said. […]

PE firm may buy 30% in Catmoss

Private equity firm SAIF Partners is in advanced talks to buy around 30% stake in Delhi-based kidswear retail chain Catmoss for Rs 70 crore, a person familiar with the matter said. The fund will help the apparel maker expand across the country. Catmoss runs around 150 exclusive brand outlets besides contributing to large format stores and multi-brand outlets. While an email sent to Catmoss did not elicit any response, senior executives of SAIF Partners declined to comment on the proposed transaction. Established in early 2000, Catmoss clocked net profit of around Rs 7.5 crore with revenues of Rs 130 crore. […]

United Interactive acquires 51% stake in Netesoft India Ltd

United Interactive Limited (Formerly Neemtek Organic Products Ltd.) has acquired 51% stake in Netesoft India Limited ( UIL has acquires 7,81,400 equity shares of Netesoft India Limited at Rs.10/- per share for cash consideration of Rs.78,14,000/- (Equity Bulls) […]

Actis to buy stake in GVK power

Private equity investor Actis is set to acquire a stake in infrastructure major GVK’s power business for about INR 1,000 crore. As per report the deal was close to being finalized and would be done over the next six to eight weeks two sources involved in finalizing the deal. A person involved with the negotiations said that the UK based PE fund could invest in the Hyderabad headquartered company through its USD 750 million Emerging Markets Fund with infrastructure in focus. Actis which focuses on emerging markets had earlier talked about India having the highest share in its USD 2.9 billion global fund. Mr JM Trivedi Partner and Head for Actis South Asia said that for Indicating a build up in deals in the pipeline the share of the company’s investment in India could go as high as USD 1.2 billion. […]