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Private Equity | 26 March 2012

IFC, GEF Clean Energy Fund To Invest $4.5Mn In Kalki Communication

by Charmi Gutka
IFC, GEF Clean Energy Fund To Invest $4.5Mn In Kalki Communication
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Bangalore based IT services firm - @Kalki_CommunicatioT Pvt Ltd is raising $4.50Mn from IFC and GEF South Asia Clean Energy Fund, L.P for new product development and to grow the company's business development capabilities in new and existing markets.

IFC may invest $1.35Mn through quasi-equity or convertible instruments, while the balance $3.15Mn will be invested by GEF South Asia Clean Energy Fund.

Additionally, IFC & GEF may finance a second round of $2Mn and third round of $5Mn equity for use in further business development activities.

Jindal Poly Films To Divest 60% in French Subsidiary - Jindal France SAS

Jindal Poly Films To Divest 60% in French Subsidiary - Jindal France SAS

Jindal Poly Films Limited, a part of R3000Cr BC Jindal Group is divesting 60% in Jindal France SAS.

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Navayuga Plan To Sell Stake In Its Power Assets

Navayuga Plan To Sell Stake In Its Power Assets

Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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