Surat based Ace Tour Worldwide Limited is planning to raise IPO through issue of 8.1Mn shares by diluting 52.88% stake in the company.
The funds raised will be used to set up service apartment facilty at Surat; to upgrade the ardware and software facilities for webportal; for brand building exercise and for working capital requirement.
Corporate Strategic Allianze is the book running lead manager to the issue.
Savaari Car Rentals has raised R5Cr Series A funding from Inventus Capital Partners. Samir Kumar and Parag Dhol from Inventus Advisory Services (India) will be joining the Board of Directors at Savaari.
Tata Sons is reportedly planning to buy 2.18% stake or 1.94 Cr shares in Titan Company from Tata Steel for a consideration of R680 Cr taking Tata Sons’ total holding to 19.59%. The shares will be purchased on or after 11th August, 2015.