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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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Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

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