022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 28 October 2010

Dhanlaxmi Bank To Buy 15% Stake In Destimoney Securities

by Khyati Doshi
Dhanlaxmi Bank To Buy 15% Stake In Destimoney Securities
Share on Social Media Email Facebook Twitter Linkedin
 
@khyati

Dhanlaxmi Bank is set to acquire 15 % stake in Destimoney Securities Pvt. Ltd. (DSPL) for Rs.13 Cr.

The stake acquisition is a part of Dhanlaxmi’s strategic plan to be an integrated financial solutions company.

Destimoney Securities is a 100 % subsidiary of Destimoney Enterprises Pvt Ltd (formerly Dawnay Day), a full-service financial services provider and an advisory firm which is owned and controlled by PE firm, New Silk Route (NSR).

Founded in 2006, New Silk Route is an Asia-focused growth capital firm founded in 2006 with $1.4 billion under management, focused on the Indian subcontinent, as well as other rapidly growing economies in Asia and the Middle East.


{TAG_9839_1288264597}

Europe's DEG Invests In Deepak Fasteners

Europe's DEG Invests In Deepak Fasteners

DEG, a member of of KfW Bankengruppe (KfW banking group), one of the Europe's largest development finance institutions has acquired a minority stake in Deepak Fasteners Ltd.

Read More...

Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

Read More...
Subscribe
Enter your Email address
to receive all the news