Investment banking
Signal Hill Forms Indian I-banking Arm, To Focus on Tech
& Education
US-based Signal Hill Capital Group LLC has started
an investment banking advisory firm in India. Headquartered
in Bangalore, the I-bank will focus on advising clients on IT, technology and
education sectors.
March 01, 2012, Source : Moneycontrol
Venture Capital
Lok Capital, Proparco
Invest $5M In IFMR Rural Channels & Services
Lok Capital, a venture capital firm focused on
bottom-of-the-pyramid (BoP) market, and Proparco, the private sector
investment arm of the French development body Agence Française de Développement
(AFD), have invested $5 million (Rs 26 crore) in IFMR Rural Channels &
Services. The KGFS portfolio includes loan products
(group loans, retailer loans, asset-backed loans, micro enterprise and
emergency loans), insurance (accident, life, livestock), pensions, savings,
remittances and investment products. IFMR has 110 branches across Tamil Nadu,
Uttarakhand and Orissa, and caters to around 200,000 customers.
March 20 ,2012, Source: Vccircle
Accel Partners Invests $2.8M In Cloud Firm Enterprise Nube
Bangalore-based Cloud
services company Enterprise Nube Services Pvt Ltd has raised $2.8 million (Rs
15 crore) from venture capital firm Accel Partners. As part of the
deal, Mahendran Balachandran from Accel will join the board of
Enterprise Nube.
March 29 , 2012, Source:
Traffic
Tracker Birds Eye Systems Gets Funding From CIIE
Mumbai-based tech
startup Birds Eye Systems Pvt Ltd, a company specialising in traffic info
systems and mobile apps development, has raised Rs 0.15 crore ($29,914) in
funding from the Centre for Innovation, Incubation and Entrepreneurship (CIIE).
March 06,
2012, Source: The Economic times
Private equity
VenturEast, Zephyr
Peacock Invest $6M In e2E RAIL
VenturEast Proactive
Fund and Zephyr Peacock have invested $6 million or Rs 30 crore
in Bangalore-based e2E RAIL, a rail services company primarily focusing on
signalling, track and electrification sectors. The two private equity funds also plan to invest
another $6 million in the subsequent years. The funding will be used by e2E to
ramp up its global presence, training facilities and working capital capacity
March 30, 2012 Source: Pluggd.in
India Venture Advisors Invests $8M In TCML
Piramal Group-promoted private equity fund
India Venture Advisors has invested Rs 40 crore($8 million) in Tulsi
Castings and Machining Ltd, for an undisclosed stake. TCML is a manufacturer of
ductile iron castings with facilities at Sangli, Maharashtra. The company has production capacity of 4,000 MT
per month and has around 700 employees on board. It caters to agricultural
equipment and heavy commercial vehicles segments, and also exports its products
to the UK and the USA.
March 30 ,2012, Source: Newspolitan
Ambit Pragma Invests Rs 7Cr More In
Spear Logistics
Private equity investor Ambit Pragma
Ventures has invested Rs 7 crore ($1.7
million) more in Pune-based contract logistics company Spear
Logistics Pvt Ltd, one of its portfolio firms. The money will be utilised to implement the
company’s expansion plans. Founded in 2001, Spear Logistics has a team of more
than 1,800 employees and runs 75 warehouses spanning 2,000,000 sq. ft., along
with supporting infrastructure. The company leases its warehouses to clients
and currently operates in cities like Mumbai, Pune, Hyderabad, Ahmedabad,
Bangalore, Chennai, Coimbatore, Kochi, Nasik, New Delhi and Kolkata.
March 28, 2012, Source: Reuters
GEF,
IFC To Invest $11.5M In Kalki Communication
International Finance Corporation (IFC) and a fund managed
by Global Environment Fund (GEF)
are looking to invest $4.5 million in energy efficiency firm Kalki
Communication Technologies Pvt Ltd. Kalki
Communication is a technology company providing products, services and
solutions which monitor, manage and optimise energy generation and transmission
assets for public utilities and industrial clients across the world.
March 26, 2012 Source: Reuters
Reliance Equity
Advisors To Invest $20M In Appliance Maker Butterfly
The deal will mark a milestone in the turnaround for the
Chennai-based firm which came out of debt restructuring in 2008 is now seeing
over 100 per cent growth in topline year-on-year. utterfly Gandhimathi entered Board
for Industrial and Financial Reconstruction (BIFR) in 2003 and came out in 2008
March 14,2012 Source :
Vccircle
Merger And Acquisitions
Mahindra Satyam & Tech Mahindra In $1.4B Merger
Three years after acquiring a strategic stake in Satyam
Computers (now Mahindra Satyam), IT services firm Tech Mahindra is merging what
was once the country’s fourth largest IT company, with itself in a deal valued
at $1.4 billion. The merger will
create the fifth largest software services exporter by market cap, revenues and
headcount.
March 21 2012, Source:Livemint
Public-listed NBFC Oscar Buys 48.8% In Religare
Voyages
Oscar
Investments Ltd has acquired 11.2 million shares of Religare Voyages Ltd, comprising 48.80 per cent of the total
current paid-up capital of the firm for an undisclosed amount. Religare Voyages
is in aviation business with presence in charters, training and engineering
support. loss-making Religare
Voyages had net worth of Rs 281 crore and reserves & surplus of Rs 250
crore even on small revenues for the year ended March 31, 2011. Bulk of its
value could be derived from its investments whose value stood at Rs 285 crore
in the last financial year.
March 22 2012, source:Reuters
L&T Finance Acquires Indo
Pacific Housing Finance
L&T Finance Holdings Ltd, the financial services arm of
the engineering conglomerate Larsen and Toubro, has acquired Indo Pacific Housing Finance Ltd (IPHFL) (formerly known as AIG Home Finance
India Ltd), a Delhi-based housing finance firm, according to the company’s
announcement to the stock exchanges on Monday. IPHFL, which entered the retail
finance market in 2007, had a loan book of Rs 193.5 crore in FY2011-12.
Currently, it has 34 branches spread across southern and western India and
L&T Finance Holdings plans to widen its presence further – both geographically
and by customer segments
March 13 2012,
Source:Financial express
No comments:
Post a Comment