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Mergers & Acquisitions | 2 April 2012

DMI Finance Acquires 16% In Alchemist ARC

by Irfan Khan
DMI Finance Acquires 16% In Alchemist ARC
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@DMI_Finance has acquired 16% stake in @Alchemist_Asset. The terms of the transaction were not disclosed, however according to a report on ET, the deal size is estimated to be about R32Cr.

Alchemist ARC is in the business since 2002. It claims to have over 100 years of cumulative experience in the banking domain across international and domestic banks such as Citigroup, SBI, ICICI, Dhanalaxmi, and Bank of Tokyo- Mitsubishi.

Ad2c Acquires Gurgaon based Mobile Marketing Firm - Mobimasta

Ad2c Acquires Gurgaon based Mobile Marketing Firm - Mobimasta

Ad2c has acquired Gurgaon based Mobimasta, a mobile marketing agency.

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Navayuga Plan To Sell Stake In Its Power Assets

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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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