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Private Equity | 9 April 2012

Marico To Sell 4.56% To Indivest, Baring India For R500Cr

by Irfan Khan
Marico To Sell 4.56% To Indivest, Baring India For R500Cr
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Marico Limited is planning to sell 4.56% stake for R500Cr to Indivest Pte Ltd and baring India Private Equity.

The company proposes to issue 22.05Mn shares to Indivest Pte Ltd, an affiliate of Government of Singapore Investment Corporation Pte Ltd and 7.35 Mn shares to Baring India Private Equity Fund III at R170 per share aggregating to R500Cr.

The funds raised will be used for funding the proposed acquisition of Paras Personal Care business by the company.

Somany Ceramics Acquires 26% In Commander Vitrified

Somany Ceramics Acquires 26% In Commander Vitrified

Somany Ceramics is acquiring 26% stake in Gujarat based Commander Vitrified Private Limited for R3.25Cr.

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UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.

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