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Mergers & Acquisitions | 12 April 2012

Trafigura To Invest $130 Mn In Nagarjuna Oil

by Charmi Gutka
 
@charmi
Trafigura is investing $250 Mn in @Nagarjuna_Oil Limited.

Of the total investment, $130 Mn will be invested as equity, while the rest will be invested for developing storage facility.

The new refinery and storage project will be located on the east coast of India, and will be able to receive supertankers, which typically can load up to 2 million barrels of oil.

India Hospitality Group Acquires Adelie Food Group

India Hospitality Corp has acquired UK based Adelie Food Group from Duke Street Capital.

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Grocery E-Tailer BigBasket Plans PE Fund Raise

Bangalore based Grocery e-tailer BigBasket is planning to raise around R300 Cr to expand its presence in Delhi, Chennai, Pune and Ahmedabad. It had recently raised $3 Mn from Singapore based investor.

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