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Swiss cement maker Holcim on Tuesday acquired 3% stake in ACC, India’s second-largest cement firm, for around Rs 529 crore. AV Birla-controlled UltraTech is the largest cement maker in the country. Subsequent to the share purchase, Holcim’s holding in ACC has moved up to about 41%. […] Construction and real-estate company Madhucon Projects Ltd has acquired a 5,000- hectare coal-mining block in Indonesia, in line with its pursuit of getting into the energy sector. The coal mine in the East Kaliyamandin region will be exploited immediately with … […] The International Financial Corporation (IFC) has picked up 11.8% stake in Granules India (GIL), a mid-sized pharmaceutical firm, for $15 million (Rs 60 crore). The Hyderabad-based company plans to use the funds to part-finance its Rs 120-crore expansion projects. GIL’s … […] With the Reserve Bank of India (RBI) restricting banks from investing in real estate, developers are looking abroad to raise money. Their valuations touching all-time highs, many firms are making a beeline for the London Stock Exchange’s (LSE’s) Alternative Investment Market (AIM) that allows smaller companies to raise money. […] Promethean India, an India-focused private equity firm managed by the Burmans of Dabur Group, has raised £50 million (about Rs 407 crore) on the AIM exchange to invest in India. The London Stock Exchange boasts of more than 2,800 listings … […] The shareholders of India have agreed to sell their 51% stake in the agency to their international partners the Interpublic Group. The shares were held by 12 Lintas Employees Welfare Trusts. Confirming the development, Prem Mehta, chairman and managing director, Lintas India said, ” There is a proposal from IPG to acquire the shares held by the Indian shareholders in Lintas India Private Limited. […] India’s biggest generic drug maker, Ranbaxy Laboratories, said yesterday it had sold 25% of its newly acquired Be-Tabs to black-owned Com- munity Investment Holdings (CIH). The deal is estimated to be worth about R125m, and follows CIH’s purchase of a … […] Top private equity funds like Blackstone Group and Schroders are keen to buy a stake in India’s Reliance Mutual Fund, a unit of Reliance Capital Ltd. the Economic Times reported today. The newspaper, quoting unnamed sources, said Reliance Capital was … […] It is popularly believed that venture capitalists fund only established players and proven products. There is a lot of cynicism amongst many about all the hype that private equity and venture capital is getting in India of late. However, the … […] International Finance Corporation (IFC), the private equity arm of the World Bank, will invest $22.5 million (Rs91.71 crore) in a subsidiary of Moser Baer, a manufacturer of optical storage discs. IFC would be investing the amount in an export oriented … […]
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