DealCurry: Regulatory Deals

Tue, September 07, 2010

Regulatory

SEBI Reduces FII Investment Limit In Govt & Corporate Debt
by Jarna Gandhi | August 07, 2010, 10:40 AM

SEBI has reduced the amount that an FII can invest in government and corporate papers.

It has lowered the ceiling on investment by a single FII in government debt from Rs 10,000 Cr to Rs 100 crore.

Similarly, the minimum amount of government debt which an FII can bid for has been reduced to Rs 50 Cr from Rs 250 Cr previousl

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Open Offer Could Be Up to 25% In Sebi's Takeover Code
by Deeshesh Chheda | July 17, 2010, 11:11 AM

SEBI-appointed takeover committee headed by C Achutan, former presiding officer of the Securities Appellate Tribunal has recommended some changes in takeover code.

The major change is increasing the open offer thresold to 25%, up from the current 15% and once done, should make an offer to buy the remaining 75%, instead of the present 20%.

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RBI considering to allow Islamic financial institutions as NBFCs
by Deeshesh Chheda | May 21, 2010, 12:22 PM

RBI is considering of allowing Islamic financial institutions to function as NBFCs as they are not allowed under present laws.

As per Indian banking rules, depositors must be paid interest for their money in banks, which is not permitted by Shariah, the Islamic banking principles.

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QIB Status May Be Given To Large Corporates, NBFCs
by Pranay Surakanti | April 27, 2010, 01:09 PM

SEBI may be willing to give large corporates and non-banking financial companies (NBFCs) qualified institutional buyer (QIB) status for IPOs, to increase the pool of institutional buyers.

The Primary Market Advisory Committee comprising of I-bankers and government representatives, has discussed on the matter.

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RBI Changes Valuation Norms For Unlisted Companies
by Irfan Khan | April 26, 2010, 12:27 PM

RBI has changed the valuation norms for unlisted companies. The unlisted companies will now have to be valued using a discounted cash flow model.

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PE and VC Funds May be Taxed While Entering Deals

SEBI Cuts Down Listing Time For IPOs to 12 Days

QIBs Will Have To Put 100% Of The Bidding Amount During Public Issues

Govt Allows Repricing of FCCBs

SEBI Modifies Reporting Format for VC Funds

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PE Fund SIDOFI Communication To Buy 10% In Asianet

September 07, 2010, 10:48 AM | Deeshesh Chheda

Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.

SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.

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M&A

»	KEC International To Acquire SAE Towers For $95 Mn
»	Confidence Petro Acquires Bangalore-Based Sneha Petroleum
»	Prism Informatics To Buy 51% In A Saudi Firm IMT
»	Spedag Group Acquires Controlling Stake In PL Shipping

PRIVATE EQUITY

»	Clearwater Capital Acquires 9.99% Stake in Oricon Enterprises
»	Baer Capital Plans New PE Fund, To Raise $300 Mn
»	Cethar Vessels Plans To Raise Rs 400 Cr PE
»	Zenox Lifesciences To Raise PE Funding

VENTURE CAPITAL

»	Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
»	Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
»	Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital
»	IFC To Invest In Receivable Management Firm India Collections

I.P.O. / OFFERINGS

»	Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
»	Murli Industries To Raise Rs 1000 Cr To Fund Its Projects
»	Reliance MediaWorks To Raise Rs 500 Cr Via QIP
»	Elder Pharma Plans To Raise $50 Mn QIP