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Footwear retail major Khadim India Ltd (KIL) is considering placing equity with a clutch of private equity investors to raise close to Rs 65 crore for investing in leather goods, footwear and its newly launched departmental store chain business. If deals are clinched with PE investors, Khadim might drop its plan to come out with an initial public offering of equity shares, managing director Siddhartha Roy Burman told FE. […] France Telecom is set to acquire network service provider GTL’s IT business for about Rs 250-300 crore. The acquisition, to be made through France Telecom’s business arm, Orange Business Services, would mark the group’s first acquisition in India. ET has … […] Sintex Industries board of directors yesterday approved acquisition of 81% of the shareholding of Wausaukee Composites (WCI), a company organized under the laws of the State of Wisconsin, US by the company. According to a release issued by Sintex to the BSE today, the company has acquired 81% of the shareholding of WCI in the first tranche and the balance shareholding subsequently. Sintex Holding US, the subsidairy of Sintex has acquired the stake of WCI. […] Printer-manufacturer TVS Electronics has sold off its contract manufacturing services business at Tumkur for Rs41.12 crore to Incap Contract Manufacturing Services, a 100% subsidiary of Finland based Incap Corporation. TVS Electronics, a leading contract manufacturing service provider in the country, … […]
Last September when Tata Tea met analysts to discuss their $ 677 million Glaceau acquisition, bottles of Himalayan mineral water on the dias were hurriedly replaced with Glaceau’s Vitamin Water. Himalayan could be back on stage tomorrow when Tata Tea meets the media to announce its March quarter and annual results. The Tata Tea board meeting tomorrow is expected to pass a resolution for the Mount Everest acquisition. A week after Tata Tea’s exit from Glaceau in a $ 1.2 billion stake sale to Coca-Cola, unconfirmed reports state that Tata Tea is likely to pick up 42% in Himalayan's parent, Mount Everest Mineral Water. […] The Carlyle Group is investing in HDFC Ltd., a housing finance company in India. The D.C.-based private equity firm, through its Carlyle Asia Partners, will purchase 15.25 million new shares in Mumbai, India-based Housing Development Finance. After the transaction closes, Carlyle will own a 5.6 percent stake in the Indian company, incorporated in 1977 to provide long-term financing to promote home ownership. […] BNP Paribas, France’s largest bank, will acquire 50% stake in the equipment financing business along with insurance broking (which is being spun off into a separate company) of Kolkata-based SREI Infrastructure Finance for Rs 775 crore. The deal, the first of its kind in the country’s booming infrastructure sector, will help SREI to unlock shareholder value, Hemant Kanoria, vice chairman and managing director, SREI said. “The market capitalization of the company is around Rs 600 crore. The deal values the equipment financing business of the company at Rs 1,500 crore, two-and-a-half times of its total market capitalisation,” he said. […] United Breweries (Holdings) Ltd., which runs Kingfisher Airlines, said on Thursday it will buy 26 percent of Deccan Aviation Ltd. signalling further consolidation in the fast expanding but loss-ridden Indian aviation market. The deal, struck at 5.5 billion rupees, values … […] The International Finance Corporation, Washington, (IFC) the multilateral investment arm of the World Bank, is close to pick up stakes in two India focussed private equity (PE) funds – Aloe Environment Fund 2 (Aloe 2) and Samara Capital Partners Fund … […] Vijay Mallya led United Breweries Kingfisher Airlines is planning to buy the low cost carrier, Air Deccan. If the said acquisition works out, Kingfisher Airlines will become largest aviation player by market share in the country, reports Economic Times. The two groups, believed to be in an advanced stage of talks are expected to make an announcement soon. […] |