Fri, September 03, 2010
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Cethar Vessels Plans To Raise Rs 400 Cr PE

Power Equipment Manufacturer Cethar Vessels is looking to raise Rs.400 crore though private equity route.

The funds will be used for the power production by setting up a thermal-based power plant and a solar farm in Tamil Nadu.

Chennai-based Cethar Vessels Limited is an independent boilers manufacturing company. It is engaged in the designing, developing and manufacturing of a variety of boilers and other electrical equipments. It is also foraying into the power generation space.

 

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M & A  
Cipla To Acquire 25% In Cipla Medpro's Manufacturing Unit
September 03, 2010, 10:14 AM
Cipla To Acquire 25% In Cipla Medpro's Manufacturing Unit
Cipla may acquire 25% stake in the manufacturing division of South Africa based Cipla-Medpro Pty Limited. Cipla doesnt have any stake in the company. The two have been partners for 18 years.

If the deal goes through, it would be Cipla's first ever overseas pure play pharma acquisition.

Cipla will invest in Cipla Medpro Manufacturing (Pty) Ltd (CMM), a subsidiary of Cipla Medpro South Africa Limited, which is setting up one of the largest contract manufacturing facilities in Africa at an investment of over Rs 145 Cr. Currently CMM is a loss making division of Cipla Medpro.
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 » Weir Group Acquires BDK Engineering's Valve Business
 » NSL Power To Sell 49% In Power Unit
 » IFCI To Exit NSE
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Private Equity  
Baer Capital Plans New PE Fund, To Raise $300 Mn
September 03, 2010, 11:13 AM
Baer Capital Plans New PE Fund, To Raise $300 Mn
India-focused Baer Capital Partners expects to raise around $300 million for a second private equity fund and plans its first exit by floating a power distribution company.

With the new deals in the pipeline and almost three-fourths of its first fund Beacon India Private Equity Fund has been invested, it is planning to raise this new fund for further investments.
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 » Zenox Lifesciences To Raise PE Funding
 » iDiscoveri Raises $10 Mn PE From India 2020 Fund
 » Clearwater May Acquire 33% Stake In Kamat Hotels
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Venture Capital  
Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
September 01, 2010, 11:35 AM
Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
Pune-based MFI, Suryoday Microfinance has raised Series B or second round of funding of Rs.17.5 Cr from Lok Capital and from its existing investor, Aavishkaar Goodwell.

As part of the current transaction, Lok has agreed to make a further infusion of Rs.3.5 crore which will result in a total primary issuance of Rs.21 crore.

The fund raised will be used to increase its loan book and to fund its expansion plans by opening more branches across Maharashtra and also plans to enter in other neighbouring states in the medium term.

Earlier, in March 2009, Suryoday has raised Series A funding of Rs.6 crore from Aavishkaar Goodwell.
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 » Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
 » Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital
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I.P.O. / Offerings  
Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
September 03, 2010, 03:58 PM
Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
Radio frequency (RF) cables manufacturer, Shilpi Cable Technologies Limited (SCTL) has filed DRHP with SEBI to raise Rs.55.87 Cr.

It will use the IPO proceeds to set-up a wire and cable assembly shop, expand its product portfolio and manufacture cables for 3G networks. It will also manufacture low voltage power cables and cable accessories.

D and A Financial Services is the sole book running lead manager for the issue.
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 » 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
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Real Estate  
Mukand Sells Thane Plot To Vodafone Essar For Rs 42.5 Cr
September 01, 2010, 01:07 PM
Mukand Sells Thane Plot To Vodafone Essar For Rs 42.5 Cr
Mukand Limited has sold its 5-acre plot in Thane to Vodafone Essar Shared Services for Rs.42.5 crore.

Mukand is selling its properties in Mumbai and in its vicinity to reduce its long term debt which is at around Rs.1,600 crore and also for its expansion plans. It has around 55-acres of land at Kalwa, which it also plans to sell.
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 » Borosil Glass Sells 18 Acre Land In Andheri For Rs 830 Cr
 » DB Realty To Raise $256 Mn For BKC Project
 » Rohan Lifescapes Plans To Raise PE For Redevelopment Projects
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Regulatory  
SEBI Reduces FII Investment Limit In Govt & Corporate Debt
August 07, 2010, 10:40 AM
SEBI Reduces FII Investment Limit In Govt & Corporate Debt
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
 » RBI considering to allow Islamic financial institutions as NBFCs
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