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Private Equity | 31 October 2012

Xander To Acquire Stake In Indiabulls Real Estate Arm

by Sushil Surana
 
@Hemant_Kaul

Xander Group is in talks with @Indiabulls_Real_Esta to buy 35% stake in its arm @Indiabulls_InfraEstate_L for around R800 Cr, according to BS.

This January, PE Firm - IL&FS Investment Managers bought 9.4% stake in the Indiabulls InfraEstate for R200 Cr.

Indiabulls InfraEstate owns two parcels of land in Worli area of Mumbai - Bharat Textile Mills and Poddar Mills, which together have over 10.6 acres of land. Indiabulls Real Estate is developing its Blu project on this land.

Indiabulls had bought 8.39 acres of Bharat Textile Mills land in 2010 for R1580 Cr from National Textile Corporation. Indiabulls also acquired the adjacent Poddar Mill on 2.3 acres for R498 Cr.

Aditya Birla Group To Acquire Additional Stake In Living Media

The Aditya Birla Group is planning to increase its holding in Aroon Purie's Living Media to 51% by acquiring 23.5% stake in the company. The funds will be used by Living Media to retire its debt.

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Atishay Infotech To Go Public Through SME Platform

Mumbai based Atishay Infotech Limited has filed DRHP on BSE SME platform for the issue of 2.3 Mn equity shares at a price of INR 16 per unit aggregating to INR 37.1 Cr. The issue constitutes 26.41% of the paid up equity share capital of the company.

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