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Private Equity | 21 March 2012    1 Comment

CLSA Acquires 7.63% Stake In Prajay Engineers

by Irfan Khan
 
@irfan
CLSA Mauritius Ltd has acquired 7.63% stake in Hyderabad based real estate company – @Prajay Limited for R5.07Cr through open market transaction.

CLSA Mauritius bought 5336134 shares at a price of R9.5 per share from Merlin Securities – subsidiary of Legatum Capital on NSE.

Mahindra Satyam Merges With Tech Mahindra

Satyam Computer Services Limited or Mahindra Satyam is merging with it's parent entity Tech Mahindra Limited.

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FreeCharge Secures Series B Funding

Freecharge, an online platform for recharge, utility payments, promotions and couponing, has raised $33 Mn (c.INR 2,000 Mn) from existing investor Sequoia Capital India along with new investors Belgium-based investment firm Sofina and Russian Internet and technology investor ru-Net. The Series B infusion will be taken to build up its transactional advertising offerings.

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