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British Telecommunications (BT) has completed the acquisition of i2i Enterprise Pvt Ltd following governmental and regulatory approvals. BT had planned the acquisition in February through BT Telecom India Pvt Ltd, its joint venture company with Jubilant Enpro Pvt Ltd. i2i is a Mumbai-based enterprise services company that specializes in Internet protocol (IP) communications services. […] Foreign funds Lehman Brothers and Alliance Bernstein will invest Rs 41.92 crore for allotment of around 12 lakh shares in Opto Circuits on preferential basis. An Extra Ordinary General Meeting (EGM) of the shareholders of the company would be held … […] Sebi registered venture capital and private equity (PE) funds may be allowed to bid for infrastructure projects if the government accepts the recommendation of the Deepak Parekh committee on infrastructure financing. As of now, these funds cannot bid for projects, … […] Evolvence India Holdings PLC said it has completed investing about 40 mln usd, raised through its initial public offering, into the Evolvence India Fund (EIF), an established private equity fund focusing on growth capital in India. Evolvence India Holdings, a … […] IFC, the private sector arm of World Bank group, has signed an agreement to subscribe to an equity stake of 5.84 per cent amounting to US$ 8 million in LANCO Amarkantak Power Pvt Ltd (LAPPL). LAPPL, a special purpose vehicle promoted by LANCO Group, is developing a thermal power station in Chhattisgarh comprising two coal-based units of 300 MW each. The total project, estimated to cost around Rs 2,600 crore, is scheduled for completion in 2008. DEG, the private sector arm of KFW, Germany has already committed to having a 9 per cent stake in LAPPL and with LANCO Infratech Ltd holding 75.16 per cent, the balance equity would be held by other minority shareholders. […] Vijay Mallya-led UB Group, which has acquired 26 per cent in Deccan Aviation, on Wednesday made an open offer to shareholders of the company to buy an additional 20 per cent stake for about Rs 420 crore. Kingfisher Radio, a wholly-owned subsidiary of United Breweries Holding, made the offer for acquiring 2.70 crore shares of Deccan Aviation at a price of Rs 155 per share. […] ISMT Ltd on June 05, 2007 has announced that the Company through its subsidiaries and affiliates, has acquired a 100% stake in Structo Hydraulics AB (“Structo”), one of the largest and most well renowned manufacturer of tubular components for the hydraulic cylinder industry. These are downstream products made from seamless tubes manufactured by the Company. […] While it may not be commenting on its reported hostile takeover plan of Hindalco, $24 billion Canada-based aluminium giant Alcan has made clear its long- term intentions in India. Its step-down subsidiary Alcan Composites on Tuesday acquired a 76% stake in local aluminium architectural façade company Alukbond for an undisclosed sum. Alcan Composites is the $800 million business unit of $6-billion Alcan Engineered Products, which is a subsidiary of Alcan Inc. […] Apax Partners, a UK-based private equity firm, is planning to buy a controlling stake in Mumbai-based Patni Computer Systems for over USD 800 million, reports Economic Times. Two other mid-cap companies and other private equity firms are also in the race to acquire stake in the company. […] Sintex Industries through its US-based subsidiary Sintex Holding US, acquired US-based Wausaukee Composites (WCI) for a total enterprise value of USD 20.5 million, reports Business Standard. |