The Dandekar family, owners of the 80-year-old office stationery major, Camlin, is in talks with private equity major India Value Fund to sell a part of its shareholding to part finance growth plans. The promoters— four members from the Dandekar family — own close to 40% in Camlin. According to people with knowledge of the talks, the negotiations are for valuing a stake close to 15% stake. It would be in addition to a borrowing programme as the Rs 330-crore Camlin battles rivals such as Faber-Castle and Pidilite . The deal could be for around Rs 100 crore . Chairman Dilip Dandekar denied any deal was in the offing . “We had diluted the holding 2-3 years back. As for professionalising the management, we have already initiated the process.” The talks with Camlin, a leader in office and school stationery and an iconic brand for most school going children, could eventually lead to a gradual divestment by the Mumbai-based family, which is seeking to professionalise the company management, said people close to the family. […]

Coastal Projects Limited has acquired a 26-per cent stake in Societa Esecuzione Lavori Idraulici S.p.A (SELI) of Italy, for around 17.85 million euros (approximately Rs108 crore). SELI, one of the world's most experienced tunneling contractors, has established operations across the world, including India. Hyderabad-based Coastal Projects, a civil engineering and construction firm, specialises in tunneling and underground excavation for hydro-electric, irrigation, rail, road and mining projects. The company has successfully completed more than 75 km of tunneling work and has 250 km under execution at present. […]