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Mergers & Acquisitions | 2 April 2012

DMI Finance Acquires 16% In Alchemist ARC

by Irfan Khan
 
@irfan
@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 has acquired Gurgaon based Mobimasta, a mobile marketing agency.

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China's Hareon Solar Partners Nereus Capital For India Foray

Chinese solar panel maker Hareon Solar Technology Company is partnering US-based, India-focused private equity firm Nereus Capital for foraying into the Indian sub continent as the former seeks to set up 150 MW of solar power plants in India in the next two years.

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