DealCurry: Real Estate Deals

Tue, September 07, 2010

Real Estate

Anant Raj Acquires Jubilant Software For Rs 81 Cr
by Deeshesh Chheda | September 06, 2010, 10:11 AM

Anant Raj Industries Limited has acquired Jubilant Software Services Private Limited for Rs.81 Crore.

Jubilant Software is now a wholly owned subsidiary of Anant Raj Industries.

Jubilant Software owns 15.58 Acres of land in Gurgaon, Haryana which is eligible for a Group Housing Project.

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Mukand Sells Thane Plot To Vodafone Essar For Rs 42.5 Cr
by Deeshesh Chheda | September 01, 2010, 01:07 PM

Mukand Limited has sold its 5-acre plot in Thane to Vodafone Essar Shared Services for Rs.42.5 crore.

Mukand is selling its properties in Mumbai and in its vicinity to reduce its long term debt which is at around Rs.1,600 crore and also for its expansion plans. It has around 55-acres of land at Kalwa, which it also plans to sell.

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Borosil Glass Sells 18 Acre Land In Andheri For Rs 830 Cr
by Deeshesh Chheda | August 30, 2010, 12:46 PM

Borosil Glass Works has sold 18 acre land in Marol, Andheri (East) to Neepa Real Estate for Rs.830 crore. The deal translates into Rs 46 crore per acre.

Borosil Glass will utilise the fund to expand its operations and retire its debt which stands at around Rs.44 Cr as on March 2010.

The deal consideration is nearly two-and-a-half times Borosil's market capitalisation of Rs.309 crore at Friday's closing price of Borosil at Rs.779.

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DB Realty To Raise $256 Mn For BKC Project
by Deeshesh Chheda | August 30, 2010, 11:23 AM

DB Realty is in talks with private equity firms to raise Rs.1,200 Cr ($256 million) by diluting 20% stake in its Bandra Government Colony project. This values the project at Rs.6,000 Cr.

In 2009, D B Realty bagged the right to redevelop a large chunk of the 100-acre PWD government colony in Bandra (East) along the Western Express highway.

Last week, it received a Letter of Intent from the state government to develop Sector J of Government colony at Bandra (East), Mumbai measuring approx. 2,31,174 square meters (approx. 57 acres). It plans to build a world-class enclave comprising residential and commercial units.

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Rohan Lifescapes Plans To Raise PE For Redevelopment Projects
by Deeshesh Chheda | August 26, 2010, 01:37 PM

Mumbai-based Rohan Lifescapes Ltd is planning to raise Rs.400-500 Cr through PE for redevelopment projects in Mumbai.

The funds raised will be used for redevelopment projects in Hughes Road, Parel, Prabhadevi and Altamount Road.

JP Morgan PE may invest Rs.80-100 Cr in one of the project of Rohan Lifescapes.

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Textile Mills Plots In B'lore For Sale For Rs 350- 400 Cr

Brigade Group To Sell Hospital Land For Rs 120 Cr

Lodha Developers Sells 10% Stake In Project To HDFC PE For Rs 500 Cr

J P Morgan, Baring PE To Invest Rs 180 Cr In Embassy Group's Bangalore Project

Update: Indiabulls Infratech Wins NTC's Bharat Mill Land Bid

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