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Mergers & Acquisitions | 21 March 2012

GVK Power To Sell Stake In Alpha Coal Project To Raise Funds

by Irfan Khan
GVK Power To Sell Stake In Alpha Coal Project To Raise Funds
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GVK Power & Infrastructure is planning to sell stake in Alpha coal project and related port and rail assets in Australia to raise funds for $10Bn cost of the projects.

According to Paul Mulder, chief executive of Hancock Coal, the Australian arm of GVK, the process is under way, with Macquarie advising on the sale of the infrastructure stake while Citi is advising on the sale of the mine stake.

Lodha Developer's Subsidiary - Lodha Dwellers To Raise R100Cr Via NCD Issue

Lodha Developer's Subsidiary - Lodha Dwellers To Raise R100Cr Via NCD Issue

Lodha Dwellers Private Limited is planning to raise R100Cr through NCD by issuing 100 Secured Redeemable NCDs of face value of R1Cr each.

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InfoEdge Backed Mydala To Raise Fresh Funds

InfoEdge Backed Mydala To Raise Fresh Funds

Group-buying and deals site Mydala run by Kinobeo Software Private Limited is in talks with its existing investor Info Edge and two other investors to raise $80 Mn. The pre-money valuation of the firm is nearly $200 Mn.

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