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Sitel acquires TCS, Tata's stake in Indian arm

Global Business Process Outsourcing (BPO) major, Sitel Corporation, acquired TCS and Tata Group's 50% holding in the Sitel India JV for around $22 million.

Sitel India was a joint venture between Tata Group and Sitel, formed in 2000, with both … […]

Batliboi Acquires 100% Stake In Canadian Firm For Rs. 22 Cr.

Batliboi, one of the oldest machine tool and engineering companies, announced that the company has acquired 100% stake in Quickmill Inc. Canada, for a consideration of around Rs. 22 crores.

The Chairman and Managing Director, Nirmal Bhogilal, said that the … […]

PE funds likely to be regulated

Private equity (PE) funds may come under the regulatory scanner in India.   Though the ultimate regulator has not been decided upon, both Securities and Exchange Board of India (SEBI) and Reserve Bank of India have formed study groups to analyse the structure and impact of such funds on the investors, the companies in which they invest in and their effect on corporate governance.   The issue has gained importance as a working group of International Organisation of Securities […]

Vishal Cotspin to merge with Madanapalle Spinning Mills Ltd

Vishal Cotspin Ltd has announced that the Board of Directors of the Company at its meeting held on March 26, 2007, has unanimously approved the scheme of merger of the Company with Madanapalle Spinning Mills Ltd (MSM).

The merger shall … […]

Fortune Financial sells 22% stake

Mumbai-based financial service provider Fortune Financial Services India Limited (FFSIL) is learnt to have diluted 22% of its equity to a group of UK-based foreign institutional investors for Rs 22 crore. The investors, headed by Lytton Group Corporation, have valued … […]

Emaar MGF denies Deutsche Bank deal report

Property developer Emaar MGF Ltd. denied a newspaper report on Sunday that Deutsche Bank had bought a small stake for USD 1 bn ahead of an initial public offering.

Emaar MGF Chairman and Managing Director Shravan Gupta told agencies there … […]

ADM to pick up 10% in S Kumars, Brandhouse

Hong Kong-based private equity firm ADM Capital is investing $107 million into S Kumars Nationwide Ltd and its retail arm Brandhouse Retail.

ADM will invest $82 million to acquire a 10% stake in the S Kumars Nationwide and $25 million … […]

Deutsche Bank pays $1 bn for 5% in Emaar-MGF

Firm is gearing up to float an IPO and has now raised its targetted mop-up to Rs 25K cr.
 
New Delhi-based real estate company Emaar-MGF, which is gearing up to float an initial public offering, has sold under 5 … […]

IDG Ventures invests $2 million in Manthan Systems

IDG Ventures India, an early-stage technology venture capital fund, has invested $2 million (Rs.8.8 million) in Manthan Systems Ltd, a software product firm focused on business intelligence and analytics in the retail segment.

The venture fund raised from IDG would … […]

Citigroup’s PE arm buys 19.9% stake in Anand Rathi

In a major comeback within a short span of four years, the Anand Rathi Securities Ltd (ARSL), promoted by former president of Bombay Stock Exchange (BSE) announced that Citigroup Venture Capital International (CVCI), a leading foreign private equity player, has … […]