DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,...

Actis Plans To Exit TRIL Roads

Pranav Puri — 2013-05-17T16:23:00+01:00

Tata Opportunities Fund is set to buy Actis’s stake in TRIL Roads Pvt Ltd, as stated by ET.

TRIL Roads was a $200 Mn JV between Actis and Tata Group’s infrastructure and real estate arm Tata Realty & Infrastructure formed three years back.

ICICI Venture May Invest In Theme Park - Adlabs Imagica

Charmi Gutka — 2013-05-17T15:46:00+01:00

ICICI Venture is planning and is in talks to invest $50 Mn in recently opened theme park Adlabs Imagica, ET states.

ICICI Venture has offered a term sheet for a potential investment into the entertainment theme park and both the parties need to sort out a valuation mismatch to clinch a definitive deal.

Heckyl Technologies Plans Series A Investment

Charmi Gutka — 2013-05-17T15:15:00+01:00

Seedfund backed Heckyl Technologies is planning to raise Series A investment in next few month, startupcentral states.

Last year, the company raised $1 MN seed investment from Seedfund.

Mayfield India Adds Beer Cafe To Its Portfolio

Pranav Puri — 2013-05-17T14:56:00+01:00

Beer Cafe, a QSR chain managed by BTB Marketing Pvt. Ltd. has raised funding from Mayfield India Fund, ventureintelligence states.

Alacrity Securities Files DRHP

Pranav Puri — 2013-05-17T12:49:00+01:00

Alacrity Securities Ltd plans to get listed on SME platform of BSE. It plans to issue 60 Lac equity shares of FV R10 each at price of R15 per share aggregating to R9 Cr, constituting 28.57% of post issue paid up capital.

Nalanda Capital Invest Into NRB Bearings

Paritosh Gajjar — 2013-05-17T12:34:00+01:00

Nalanda Capital has invested around R27 Cr for around 7.96% in NRB Bearings, an auto ancillary company through bulk deal on NSE.

Rainmaker Receives Seed Investment

Vivek Singh — 2013-05-17T11:50:00+01:00

Rainmaker, a learning, content and test management company focused on India's legal ecosystem has raised seed funding of $3 Mn across three rounds from a mix of family, friends and angel investors, Et states.

Vikram Pandit To Invest In JM Financial

Pranav Puri — 2013-05-17T11:18:00+01:00

Former Chief Executive of Citigroup, Vikram Pandit plans to acquire 50% stake in JM Financial NBFC, states ET.

Peps India Looking To Raise PE Investment

Ahemad Shaikh — 2013-05-17T10:49:00+01:00

Peps India is planning to raise R200 Cr PE investment by selling majority stake in the company.

Et states, that the Bangalore based mattress maker is in advanced talk with New Silk Route,Everstone Capital and Warburg Pincus to raise roughly R200 Cr by selling up to 70% stake.

Peps India has appointed Spark Capital to scout for buyers.

Aditi Technologies Buys Cloud Computing Firm - Get Cloud Ready

Charmi Gutka — 2013-05-17T09:57:00+01:00

Software products developer - Aditi Technologies has acquired Hyderabad-based cloud operations consulting firm ‘Get Cloud Ready’ for an undisclosed amount, ET States.

The acquisition is aimed at bolstering Aditi's offerings for migrating and managing complex, cross-platform deployments on cloud. Get Cloud Ready employees will join Aditi post acquisition. Terms of the deal were not disclosed.

Ravi Gururaj Launches Startup Incubator- Frictionless Ventures

Pranav Puri — 2013-05-16T16:58:00+01:00

Former V.P of Cloud Platforms at Citrix Systems, Ravi Gururaj is going launch an incubation centre for cloud computing ventures - Frictionless Ventures, ET reports.

Viom Networks Looks For PE Investment

Pranav Puri — 2013-05-16T15:50:00+01:00

Telecom tower company, Viom Networks is looking for PE partners to fund its expansion plans, BS states.

Tata Opportunities Fund Set To Invest In Tata Sky

Pranav Puri — 2013-05-16T13:18:00+01:00

Tata Opportunities Fund is about to buy a 5% stake in Tata Sky for R275 Cr, TOI states.

Last month, Tata Opportunities raised $600 Mn from sovereign investors, financial institutions, global corporates and high net-worth families.

Forum Capital May Invest In Nitesh Estates

Charmi Gutka — 2013-05-16T12:11:00+01:00

Nitesh Estates is in talk with Hong Kong based real estate fund Forum Capital Partners to raise up to $60 Mn by selling minority stake in its SPV, ET states.

The real estate firm has appointed Deloitte Touche Tohmatsu India to scout for an investor.

Lafarge Plans To Sell Stake To Baring PE

Pranav Puri — 2013-05-16T10:59:00+01:00

Lafarge plans to sell 14% stake in Lafarge India for R1400 Cr to Baring PE, BS states.

This investment shall fund Lafarge's growth plans in India in all its product lines including cement, aggregates and concrete.

Manipal Hospitals Invests In Ankur Healthcare

Charmi Gutka — 2013-05-16T10:20:00+01:00

Manipal Hospitals has invested growth capital in Ankur Healthcare, a speciality Centre, focused in delivering comprehensive services in the areas of Reproductive Medicine -IVF, Andrology and Men’s Health, IIFL stated.

ET stated that Manipal invested R40 Cr for 51% stake in Ankur Healthcare.

As part of deal, Ankur Healthcare will be renamed Manipal Ankur Andrology and Reproductive Services, and will be led by Vasan S.S., the founder of Ankur Healthcare.

United Bank Of India To Raise Funds Through QIP

Pranav Puri — 2013-05-15T16:57:00+01:00

United Bank Of India is looking to raise R1,000 Cr in QIP to fund overseas expansion.

UBI is also planning a rights issue after the QIP, ET states.

Goldman Sachs Invests In Rain Commodities

Pranav Puri — 2013-05-15T16:28:00+01:00

Goldman Sachs acquired 0.54% stake in the Rain Commodities through a bulk deal on BSE.

Goldman Sachs purchased 1854000 shares of Rain Commodities at R46.5, aggreagting to R8.6 Cr.

India Max Investment Buys Into MT Educare

Charmi Gutka — 2013-05-15T15:25:00+01:00

India Max Investment has invested around R12 Cr in MT Educare through bulk deal on exchanges.

India Max Investment Fund Limited bought 4,91,413 shares at Rs 98 on the BSE and bought 7,41,739 shares at Rs 96.15 on the NSE, aggregating to R11.94 Cr.

Seedfund Backed LurnQ To Raise Series A Investment

Ahemad Shaikh — 2013-05-15T12:30:00+01:00

Technium Labs, which runs LurnQ – an online learning and teaching platform is planning to raise $5 Mn Series A investment, startupcentral states.

The company plans to raise Series A funding in next 3-6 month in which existing investors would also participate. Last year, Seedfund invested undisclosed amount in the company just prior to the public launch of the LurnQ platform.