Batelco To Sell STel Stake To Indian Partner
Batelco is selling it's 42.7% holding in STel to it's partner Sky City Foundation for $175Mn. The sale is expected to be completed by the fourth quarter of this year.
The company had acquired the 42.7% equity in STel via two transactions in May and June 2009 for a total of $174.5Mn.
Venture Capital
Indian Angel Network Invests In Gaming Startup - Gamiana
Indian Angel Network has invest about $1Mn in gaming startup Gamiana Digital Entertainment Pvt Ltd. IAN member Chetan Shah has joined the board of Gamiana.
Mergers & Acquisitions
Thomas Cook To Sell India Unit
Thomas Cook Plc has intiated the formal sale process for it's 77.1% shareholding in Thomas Cook India Ltd to cut down it's debt. Thomas Cook India has a marketcap of R1142Cr.
I.P.O. / Offerings
Usher Eco Files For R85Cr IPO
Usher Eco Power Limited has filed DRHP with SEBI to raise R85Cr IPO.
Private Equity
Verlinvest SA Acquires 20% Stake In Everstone Owned Cuisine Asia
Verlinvest SA, a fund created by the three founding families of beer conglomerate Anheuser-Busch InBev has acquired 20% stake in Cuisine Asia, a Mauritius-based holding company of Everstone Capital's restaurant investments, which includes Blue Foods with brands like Noodle Bar, Bombay Blue and Copper Chimney, according to ToI.
Private Equity
Temasek Holdings Part Exits ICICI Bank
Temasek Holdings has part exited ICICI bank by selling more than half of it's 3.46% stake in ICICI Bank Ltd. Goldman Sachs was the sole book running lead manager to the deal.
Private Equity
Elara Capital To Launch $300Mn Healthcare Fund
Elara Capital is in talks with a Dubai-based financial institution to launch a healthcare fund to enter the private equity space.
Private Equity
Motilal Oswal Backed Parag Milk Foods To Raise $50 Mn PE Funding
Pune based - Parag Milk Foods Private Limited is planning to raise $50 Mn PE funding and is in talks with TPG Capital India and Bain Capital Advisors, according to Mint.
Private Equity
New Silk Route, Bain Capital To Invest $30 Mn In Barbeque Nation
New Silk Route and Bain Capital are planning to invest $30 Mn in Barbeque Nation Hospitality Limited, a restaurant subsidiary of Sayaji Hotels Limited for minority stake.
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DealCurry Presents IIT-Madras Report
