Clearwater Capital Partners Singapore Fund III (P) of Singapore, a majority-owned unit of Clearwater Capital Partners has bought 9.99% stake in Oricon Enterprises Limited for Rs.33.8o crore.

It bought 961,641 shares at Rs.351.50 from Beaumaris Investments through open market on BSE.

Earlier in Sep 2009, Clearwater Capital has invested Rs 35 crore in Oricon through fully convertible debentures (FCD).

Oricon Enterprises manufactures mixed pentane, a petrochemical with industrial applications, and is also into trading in metals and chemicals.

Power Equipment Manufacturer Cethar Vessels is looking to raise Rs.400 crore though private equity route.

The funds will be used for the power production by setting up a thermal-based power plant and a solar farm in Tamil Nadu.

Chennai-based Cethar Vessels Limited is an independent boilers manufacturing company. It is engaged in the designing, developing and manufacturing of a variety of boilers and other electrical equipments. It is also foraying into the power generation space.

Zenox Lifesciences Limited is set to raise Rs.6 Cr through private equity route in a few months.

The funds will be utilised for new business opportunities, pan-India expansion by 2012 -13 and for buying brands.

Chennai-headquartered Zenox was formed  in June 2010 by Dr. S.Arulrhaj - Common Wealth Medical Association President, Past President of Indian Medical Association and Former Chairman & Co-Promoter of Grandix Pharmaceuticals Limited; and  by S.A.Manikandan - Former CEO of Strides Pharmaceuticals and Former Co-founder & Managing Director of Grandix Pharmaceuticals Ltd.