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Mergers & Acquisitions | 13 December 2011

Promoters To Sell Stake In Viom Network

by Charmi Gutka
Promoters To Sell Stake In Viom Network
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Tata Teleservices and SREI group are planning to sell their stake in JV – Viom Networks and are in talks with Sumitomo Corporation of Japan and private equity company TPG Partners.

In Sept,the company ran into controversy over charges of financial irregularities after a former company secretary alleged that the Kanorias of the Srei Group diverted funds to the tune of R300Cr to some private institutions.

Green Tree Homes To Raise PE Funding For Real Estate Projects

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Chennai based real estate developer - Green Tree Homes and Ventures Limited is planning to raise funding from PE players, HNIs and banks to devleop real estate properties.

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Bona Vita Technologies Raises Funds From MakeMyTrip

Bona Vita Technologies Raises Funds From MakeMyTrip

Nasdaq listed MakeMyTrip has invested $5 Mn in Bona Vita Technologies Private Limited, a stealth mode startup, for an undisclosed stake according to a filing with the US Securities and Exchange Commission.

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