Emerging Markets Invests R14.6Cr In Sintex Industries
Emerging Markets Management Plc has invested R14.61Cr in Gujarat based Sintex Industries Limited.
The fund purchased 1607302 shares at a price of R90.9 per share aggregating to R14.61Cr through bulk deal on NSE.
Established in 1931, Sintex group is involved in manufacturing plastic, textile related products and construction products. It also provides electrical equipment and offers solutions for infrastructure, construction, interiors, packaging, electrical engineering, railways, defense, and industrial sectors.
DEBT
GVK Power To Raise R1200Cr
GVK Power And Infrastructure Limited is planning to raise R1200Cr debt for the Alaknanda hydel power project and also planning to pump additional R300Cr equity.
Private Equity
Goldman Sachs Invests R22Cr In Aban Offshore
Goldman Sachs has bought stake in Aban Offshore through bulk deal on exchange.
DEBT
Snowman Logistics To Raise $6.5Mn Debt From IFC
Snowman Logistics is raising $6.5Mn long term debt from IFC for expanding it's storage facilities across the country.
Mergers & Acquisitions
ThyssenKrupp Elevator Acquires 25% Stake In Eros Elevators
ThyssenKrupp Elevator AG has formed a JV with Mumbai based Eros Elevators & Escalators Private Limited by acquiring 25.1% of its shares through its subsidiary - ThyssenKrupp Elevator India Private Limited.
Mergers & Acquisitions
Miglani Group Acquires 24.5% Stake In Lloyds Steel For R190Cr
Miglani family, co-owners of Uttam Galva Steel is acquiring 24.5% stake in Lloyds Steel for R190Cr. The shares were bought through it's two group entities - Ultimate Logistics Solutions Pvt Ltd and Siddharth Holdings Pvt. Ltd.
Mergers & Acquisitions
Aanjaneya Lifecare Acquires Apex Drugs & Intermediates For R250Cr
Aanjaneya Lifecare has acquired Hyderabad based API manufacturer - Apex Drugs & Intermediates. The acquisition was valued at R250Cr, with debt of R185Cr and equity dilution of R65Cr.
Mergers & Acquisitions
Fairnair AG Acquires Stake In Quikjet Cargo
Switzerland based Fairnair AG has acquired a substantial stake in IL&FS PE backed Quikjet Cargo Airlines Pvt. Ltd. Financial details of the transaction were not disclosed. Quikjet will start commercial operations on 10 February with a small ATR plane.
DEBT
SKS Microfinance Raises R100Cr Loan From SIDBI
SKS Microfinance Limited has raised R100Cr loan from Small Industries Development Bank of India. The loan tenure is of three-year loan at 13.5% interest.
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DealCurry Presents IIT-Madras Report
