IDFC's investment arm is set to acquire ICICI Venture's stake in Sahyadri Hospitals. This deal will value Sahyadri at about R300Cr.In 2008, ICICI Venture invested $36 Mn through IVEN Medicare, a special purpose vehicle floated by ICICI Ventures to manage its investments in the healthcare sector.
Founded in 1996 by Charudutt Achyut Apte, Sahyadri Hospitals Limited operates chain of hospitals in Mahrashtra.
Hinduja Group's Gulf Oil Corporation is planning to sell it's explosives business arm - IDL Explosives Ltd.
Adani Welspun Explorations, a JV between Ahmedabad based Adani Group and Mumbai based Welspun Group, is planning to acquire shale and oil sands assets in the US and Canada.