Everstone Backed Regen Raises R100Cr From IDFC, MCap Advisors
Subbu Subramanium founded MCap Fund Advisors and IDFC Private equity are investing R100Cr in Regen Powertech. This transaction values the wind turbine manufacturer at R1600Cr. Post transaction, promoter's shareholding will come down to 60%.
Everstone Capital invested $26.60Mn in Regen Powertech through its maiden fund – Indivision India Partners in October'07.
Equity
LIC To Invest R125 Cr in Dena Bank For 5% Stake
LIC is investing R125Cr in Dena Bank for a 5% stake. This investment is a part of LIC's strategy of to acquire stakes in small to medium-sized banks in a bid to support the government, which is finding it difficult to infuse capital into the banks due to its precarious fiscal condition.
Private Equity
Tulip Telecom Raises R250Cr Mezzanine Funding
Tulip Telecom has raised R250Cr mezzanine funding to cover the costs for the Bangalore datacenter owned by Tulip Data Centre Pvt Ltd. The name of the investor has not been disclosed.
Mergers & Acquisitions
Piramal Healthcare Plans Acquisition In Home Finance, Security Systems
Piramal Healthcare Limited is looking for acquisitions in housing finance and defence systems.
Mergers & Acquisitions
Daiichi Sankyo Looks For Indian Acquisitions
Daiichi Sankyo is planning to buy Indian companies and is in talks with at least three mid-sized firms in India according to ET.
Private Equity
IDFC To Acquire ICICI Ventures' Stake In Sahyadri Hospitals
IDFC's investment arm is set to acquire ICICI Venture's stake in Sahyadri Hospitals. This deal will value Sahyadri at about R300Cr.
Mergers & Acquisitions
Gulf Oil Corp To Sell Explosives Subsidiary - IDL Explosives Ltd
Hinduja Group's Gulf Oil Corporation is planning to sell it's explosives business arm - IDL Explosives Ltd.
Private Equity
Assotech To Raise R75Cr From Sun Apollo
Assotech Limited is raising R75Cr from Sun Apollo India Real Estate Fund by selling 49% stake in a housing project in Gurgaon.
Private Equity
FIIs Invest R200Cr In Suraj Diamonds
Suraj Diamonds and Jewellery Ltd raised R200Cr by alloting shares to four FIIs.
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DealCurry Presents IIT-Madras Report
