Invest in India News

  • Voltas Limited and Germany’s KION Group form a joint venture

    India’s Voltas Limited and Germany’s KION Group GmbH have agreed to set up a joint venture in India for the development, manufacture, marketing, and servicing of forklift trucks and warehousing equipment. Voltas’s material handling operations will be integrated into a new joint venture company (JV), where the KION Group will hold a majority share.

  • Goldman Sachs Asset Management to acquire Benchmark Asset Management Company

    Goldman Sachs Asset Management is to acquire Benchmark Asset Management Company, an asset management company in India. The transaction is expected to close later in the year, subject to regulatory approvals. The terms of the transaction were however not disclosed.

  • Blackstone Advisors picks up minority stake in VIP Industries Ltd

    Blackstone Advisors has purchased a minority stake in VIP Industries Ltd. Blackstone bought the 2 per cent stake through an open market transaction for around Rs.36-40 crore, valuing the company at Rs.1,800-2,000 crore, reported DealCurry. However, Blackstone may increase its stake to 5 per cent. Currently promoter and promoter group hold 43.93 per cent stake in VIP, with the remainder being held by Rakesh Jhunjhunwala, about 4.47 per cent stake.

  • Indian firm A&A Dukaan Financial Services raises $6 million in funding from Walden International

    Indian firm A&A Dukaan Financial Services Pvt Ltd has raised $6 million in its second round of funding from Venture Capital firm Walden International. A&A Dukaan runs a loan advisory and processing portal BankBazaar.com. The funds raised are to be used to improve product availability, as A&A Dukaan plans tie-ups with more banks, as well as add insurance policies and credit cards.

  • France based Rexel SA enters Indian market with 74% stake acquisition in Yantra Automation

    The Financial Chronicle reported Thursday that France based Rexel SA acquired a 74% stake in Pune based Yantra Automation Pvt Ltd, an industrial automation and control products distributor. The investment marks the French firm’s first foray into the Indian market. The deal will see Rexel acquire the remaining 26% stake in Yantra Automation through put and call options in 2014 at a price to be determined on the basis of the Yantra's performance in 2012 and 2013.

  • Singapore’s Omega TC Holdings picks up a minority stake in India’s Roots Corporation Ltd

    Singaporean firm Omega TC Holdings is to acquire a minority stake in India’s Roots Corp. Ltd for an investment of Rs 220 crore. Roots Corp Ltd is part of the Tata group of companies and runs budget hotels chain Ginger. The investment will be undertaken in tranches, with the Singaporean firm retaining the option to invest a further Rs 100 crore by March 2014, subject to meeting certain conditions.

  • Japan’s Arysta LifeScience picks up majority stake in India’s Devidayal Sales Limited

    Japanese firm Arysta LifeScience Monday announced it has acquired a majority of the shares of Devidayal Sales Limited (DSL). DSL is a formulator and marketer of agrochemicals and micronutrients for the Indian and international markets. Operating from primary offices in Mumbai and Vadodara, India, the company has a distribution network of over 7,000 channel partners across the country.

  • Japan’s Nippon Life Insurance to pick up 26 per cent stake in India's Reliance Life Insurance

    Japanese insurance firm Nippon Life Insurance Company is to pick up a 26 per cent stake in India’s Reliance Life Insurance. The investment is for a consideration of $680 million, or about Rs 3,062 crore. The deal subsequently places Reliance Life Insurance’s value at an estimated $2.6 billion. The Japanese insurer is a major player in the country’s insurance industry, with more than 14 million policies in Japan.

  • 52 Weeks Entertainment Inc acquires India distribution rights for two Summit Entertainment's Hollywood English films

    52 Weeks Entertainment Inc has acquired the India distribution rights for two Summit Entertainment's Hollywood English films. 52 Weeks acquires the rights to distribute action thriller SOURCE CODE-Make Every Second Count set for an April 2011 release and The Impossible set for an October/ November 2011 release.

  • SAS acquires India’s pioneer firm in marketing resource management (MRM) Assetlink

    SAS, the leader in business analytics software and services, has acquired Assetlink, a pioneer in marketing resource management (MRM). SAS expects the combination of its SAS® Customer Intelligence offerings with Assetlink's leading marketing resource management solutions will make it easier for marketers to plan, create and optimize marketing programs.

  • Sapa Profiles India to buy assets of Alufit related to its aluminum extrusion business

    Sapa Profiles India Pvt Ltd has inked an agreement with Alufit (India) Pvt Ltd that will see Sapa buy the assets of Alufit related to its aluminum extrusion business operated out of its plant in Kuppam, close to Bangalore in southern India.  The transaction is subject to various regulatory conditions, which the parties expect to satisfy in the near future.  

    The plant, which was built in 2009, is an integrated one-press extrusion facility with both powder coating and anodizing capabilities.
       

  • UAE based Dodsal Group acquires Chennai-based AE&E IDEA (India)

    Dodsal Group, the United Arab Emirates (UAE) based firm has acquired India’s AE&E IDEA (India) Pvt Ltd, reported the Business Standard. The Dodsal Group is an engineering, procurement and construction company. The acquisition comes as the latest in a string of acquisitions Dodsal has undertaken through its growth strategy.

  • Insecticides (India) Ltd acquires insecticide brand 'MONOCIL' from Nocil Limited

    Insecticides (India) Ltd announced it has acquired insecticide brand 'MONOCIL' from Nocil Limited. MONOCIL is a systemic insecticide cum acaricide which controls broad spectrum of pests in a wide range of crops. Media reports indicated Insecticides (India)'s managing director, Rajesh Aggarwal said the company expects revenue of Rs.40 crore from the acquisition in the year ending March 2012.

  • TriZetto Group completes acquisition of Tela Sourcing Inc, picks Pune (India) based BPO operations

    The TriZetto Group Inc has completed its acquisition of privately held Tela Sourcing Inc. Based in Baltimore, Tela Sourcing Inc is a business process outsourcing (BPO) services firm with major operations in Pune, India.  Tela provides U.S. and India based outsourcing capabilities to the healthcare industry.

  • Turkey’s Celebi Holdings to invest $100 million in its ground handling business in India

    Turkey’s Celebi Holdings is to invest $100 million in its ground handling business in India by the second quarter of financial year 2012-13. The Turkish firm is an airport services provider. Celebi Holdings Vice-Chairman Canan Celebioglu Tokgoz said India provides a lot of opportunity and the firm is keen on making the country its second home.