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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 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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Nexus Venture Buys Stake In Startup Function Space

Pune based education startup Function Space has raised an undisclosed amount of funding in seed round from Nexus India Capital to strengthen its existing content and also increase its current userbase.

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