DealCurry: Banking/Financial Services Deals

Tue, September 07, 2010

Banking/Financial Services

Sujoy Das of Bharti AXA Invst Managers Joins Religare AMC
by Deeshesh Chheda | September 03, 2010, 01:21 PM

Sujoy Das has been appointed by Religare Asset Management as Head - Fixed Income.

Based in Mumbai, Sujoy joins from Bharti AXA Investment Managers and will be responsible for managing Religare AMC's fixed income portfolio.

Sujoy has over 15 years of experience in the Indian Fixed Income Markets.

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IFCI To Exit NSE
by Deeshesh Chheda | September 02, 2010, 11:16 AM

IFCI is planning to exit NSE by selling its 5.44% stake. The amount expected through this deal is about Rs.600 crore ($128 Mn) which would value the NSE at about $2.4 billion.

IFCI will use the proceeds for investments that offer higher returns.

IFCI, which initially held a 12.44% stake in NSE, sold 7% in 2007 to Goldman Sachs Group Inc., NYSE Group Inc, General Atlantic LLC and Softbank Asian Infrastructure Fund.

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GIC Appoints Kishore Gotety As Head Of India Real Estate
by Deeshesh Chheda | September 01, 2010, 01:54 PM

The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, who was with RREEF, as country head for India real estate.

Gotety was earlier with RREEF Alternative Investments, the global alternative investments business of Deutsche Bank’s asset management division.

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Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
by Deeshesh Chheda | September 01, 2010, 11:35 AM

Pune-based MFI, Suryoday Microfinance has raised Series B or second round of funding of Rs.17.5 Cr from Lok Capital and from its existing investor, Aavishkaar Goodwell.

As part of the current transaction, Lok has agreed to make a further infusion of Rs.3.5 crore which will result in a total primary issuance of Rs.21 crore.

The fund raised will be used to increase its loan book and to fund its expansion plans by opening more branches across Maharashtra and also plans to enter in other neighbouring states in the medium term.

Earlier, in March 2009, Suryoday has raised Series A funding of Rs.6 crore from Aavishkaar Goodwell.

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Oriental Bank To Raise Rs 800 Crore Via Debt
by Deeshesh Chheda | August 31, 2010, 04:46 PM

Oriental Bank of Commerce (OBC) is planning to raise Rs.800 crore through debt instruments to fund its expansion plans.

Innovative perpetual debt instruments (tier one capital) will be issued to raise Rs.300 crore, while tier two capital will be issued to raise Rs.500 crore in the current financial year to support the bank's business plans.

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KKR India Appoints Former Goldman Sachs MD Heramb Hajarnavis

Citi's Nalin Nayyar Joins Religare Capital As Head Of I-Bank, India

Punjab & Sind Bank Files DRHP For IPO

Macquarie Appoints Edelweiss' Sanjay Agarwal As Head- ECM

Indraneil Borkakoty Joins Nomura India As Head - Equity Capital Markets

Latest DealCurry Notes

PE Fund SIDOFI Communication To Buy 10% In Asianet

September 07, 2010, 10:48 AM | Deeshesh Chheda

Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.

SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.

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M&A

»	KEC International To Acquire SAE Towers For $95 Mn
»	Confidence Petro Acquires Bangalore-Based Sneha Petroleum
»	Prism Informatics To Buy 51% In A Saudi Firm IMT
»	Spedag Group Acquires Controlling Stake In PL Shipping

PRIVATE EQUITY

»	Clearwater Capital Acquires 9.99% Stake in Oricon Enterprises
»	Baer Capital Plans New PE Fund, To Raise $300 Mn
»	Cethar Vessels Plans To Raise Rs 400 Cr PE
»	Zenox Lifesciences To Raise PE Funding

VENTURE CAPITAL

»	Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
»	Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
»	Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital
»	IFC To Invest In Receivable Management Firm India Collections

I.P.O. / OFFERINGS

»	Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
»	Murli Industries To Raise Rs 1000 Cr To Fund Its Projects
»	Reliance MediaWorks To Raise Rs 500 Cr Via QIP
»	Elder Pharma Plans To Raise $50 Mn QIP