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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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Mastek To Demerge Insurance Products Business

Mastek To Demerge Insurance Products Business

Mastek is demerging its insurance products and services business into a new company, Majesco Ltd. The deal also involves transfer of offshore insurance operations business by Majesco Ltd to Majesco Software and Solutions India Pvt. Ltd., a wholly owned subsidiary of MajecoMastek Insurance Software and Solutions Inc.

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