Siva Group- through its investment vehicle 
Lotus Ventures Pvt Ltd- has acquired 50% stake in Isklar AS for $ 22mn.
Isklar was established as a JV between Oman's Sabco Group and Norway's Jova Holdings. Post deal, the company would become a JV between Siva Group and Sabco and Jova Holdings jointly holding the remaining 50% stake.
Isklar is a seller of premium glacial natural mineral water which started its operations in UK in 2008. The Siva Group plans to launch the brand in India.
Transaction Reference: BS
Siva Group is a diversified of $ 3bn conglomerate with global operations in industries like telecom, project engineering, shipping and logistics and others. The group is controlled by NRI businessman C Sivasankaran
Earlier this month, Siva Group through its companies picked up nearly 10% stake in Ruchi Soya Industries Ltd. The move had given rise to speculation among market players about a likely takeover bid of Ruchi Soya by the group.
However the group will need to buy an additional 5.7% stake in Ruchi Soya to trigger the open offer code set by SEBI.
In September 2009, Siva Group sold 6.3% stake in S Tel to Batelco Millenium India for Rs 125cr.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 10/03/10 |
Isklar-Siva Group |
M&A |
Lotus Ventures Private Limited |
22.00 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 31/01/12 |
M&A |
Starbucks Group |
Tata Starbucks Limited |
- |
Announced |
| 30/01/12 |
IPO / Offerings |
|
Betul Oil Limited |
22.03 |
Called Off |
| 21/12/11 |
M&A |
Bunge Limited |
Oils And Fats Biz |
- |
Completed |
| 13/12/11 |
M&A |
International Breweries |
South India Based Company |
- |
Planned |
Company |
| Name | Promoters | Office | Competitor | Website |
| Lotus Ventures Private Limited |
Lotus Logistics and Developers Private Limited |
409, Laxmi Plaza, laxmi Industrial Estate, New link Road, Andheri (W) |
|
|
