LGS Global Limited is raising upto $30 Mn by issuing FCCBs to fund it's acquisitions and expansion.The company is conducting due diligence of two companies in the healthcare space. It has appointed Grant Thornton as an advisor.LGS expects to acquire both the companies - one in US and the other in UK by September this year for a total consideration of $20 Mn.
Transaction Reference: BS
Strides Arcolab is planning to raise around Rs.450 Cr through QIP or depository receipts to fund its recent acquisitions of Rs.900 Cr.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.