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Mergers & Acquisitions | 17 January 2011

Founder Vishal Gondal May Buyback The Stake In Indiagames From UTV

by Charmi Gutka
 
@charmi

Founder of @Indiagames Limited Vishal Gondal, along with existing investors Cisco and Adobe are planning to buy back the stake in the company from @UTV_Software_C Ltd for around$80- 100 Mn.

In 2006, UTV invested Rs. 68 Cr to acquire 51% stake in the company and later increased it to 58%, to enter into mobile gaming segment.

Transaction Reference: Business Standard


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Shapoorji Pallonji Sells Andhra Pradesh Biotech Park to US-Based Alexandria

Shapoorji Pallonji Group has exited from Shapoorji Pallonji Biotech Park, located at Genome Valley in Andhra Pradesh, to US-based Alexandria Real Estate Equities Inc.Shapoorji Pallonji Group's lack of expertise in the technology-intensive ...

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Ace Investor Rakesh Jhunjhunwala Backs Remedinet Technologies

Ace investor Rakesh Jhunjhunwala has invested an undisclosed amount in Remedinet Technologies, software firm which provides solutions to manage pre-authorised payments. The round also saw the participation of existing investors - Bessemer Venture Partners and Nirvana Venture Advisors Private Limited.

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