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Mergers & Acquisitions | 13 December 2011

Promoters To Sell Stake In Viom Network

by Charmi Gutka
 
@charmi

@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

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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Intime Properties Raises Funds Through NCD

Intime Properties Limited, part of the K Raheja Corp Private Limited has raised INR 3,400 Mn by issuing non convertible backed by commercial real estate office space owned by the company in Hyderabad to refinance its debt.

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