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DEBT | 3 February 2012

Snowman Logistics To Raise $6.5Mn Debt From IFC

by Irfan Khan
Snowman Logistics To Raise $6.5Mn Debt From IFC
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Snowman Logistics is raising $6.5Mn long term debt from IFC for expanding it's storage facilities across the country.

Snowman Logistics has outlayed a capex plan of about $28Mn for expanding it's storage facilities in various locations across India.

ThyssenKrupp Elevator Acquires 25% Stake In Eros Elevators

ThyssenKrupp Elevator Acquires 25% Stake In Eros Elevators

ThyssenKrupp Elevator AG has formed a JV with Mumbai based Eros Elevators & Escalators Private Limited by acquiring 25.1% of its shares through its subsidiary - ThyssenKrupp Elevator India Private Limited.

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Snapdeal raises $21m from Luxembourg Clouse SA

Snapdeal raises $21m from Luxembourg Clouse SA

Jasper Infotech Pvt. Ltd., that regulates e-commerce platform Snapdeal, has raised over $21 million as part of its earlier announced funding round from Luxembourg-based firm Clouse SA. As a separate entity, BlackRock Inc. - the mutual-fund investor in Snapdeal has also retained its valuation in the digital marketplace.

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