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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

Green Tree Homes To Raise PE Funding For Real Estate Projects

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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Deutsche Securities sells Jubilant Life Sciences' shares for INR122 crore

Deutsche Securities sells Jubilant Life Sciences' shares for INR122 crore

Deutsche Securities Mauritius Limited has sold its 1.95 percent stake in Jubilant Life Sciences Limited, a global life sciences and pharmaceutical company, for just over INR122 crore. The sale of the stake was performed as an open market transaction, and purchased by Citigroup Global Markets Mauritius Pvt. Ltd.

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