Invest in India News

  • Tata Steel Limited divests stake in Riversdale Mining Ltd

    As a part of the ongoing review of the strategic investments of the company, Tata Steel Limited Board have considered the recent announcement of Rio Tinto Jersey Holdings 2010 Limited to de-list Riversdale Mining Limited following its increased shareholding to 73.20% in Riversdale Mining Limited.

    Tata Steel announced it has decided against holding its equity investment in Riversdale Mining Limited which is proposed to be delisted, without any joint venture agreement with the majority shareholder in unlisted Riversdale Mining Limited.

  • Max India acquires private equity firm Warburg Pincus' 16.37% stake in its hospital chain Max Healthcare

    According to the Economic Times of India (ET), Max India has decided to acquire private equity firm Warburg Pincus' 16.37% stake in its hospital chain Max Healthcare for Rs 140 crore.

    Under the proposed transaction, Max India is buying 4.76 crore shares of the hospital chain at 29.40 rupees per share from Warburg Pincus, the company said in a statement to the stock exchanges. The acquisition is likely to conclude by December this year, increasing Max India's shareholding in the hospital subsidiary to 91.84%, reported Economic Times.

  • Datamatics Software Services acquires majority stake in Vista Infosystems

    Datamatics Software Services Limited, domestic subsidiary of Datamatics Global Services Ltd, a Global Information Technology (IT) and Knowledge Process Outsourcing (KPO) organization, is to acquire a controlling stake in Vista Infosystems, an unlisted entity specializing in the Embedded Systems space.

  • KPIT Cummins board approves acquisition of IT service provider Systime Global Solutions

    KPIT Cummins Thursday received approval from its Board of Directors to acquire IT service provider Systime Global Solutions. Last month, KPIT Cummins Infosystems Ltd, a global IT consulting and engineering partner to manufacturing and Energy & Utilities corporations, and SYSTIME, a leading business technology service provider, announced that KPIT Cummins had entered into a definitive agreement to take 50% stake in SYSTIME, the world's largest JD Edwards solution provider.

  • Citigroup Reduces Stake in HDFC Ltd. by 1.5% to 9.9%

    Citigroup Inc. Monday announced that it has reduced its 11.4 percent stake in Housing Development Finance Corporation Ltd. (HDFC) by 1.5 percent to a 9.9-percent beneficial interest. Headquartered in Mumbai, HDFC is an Indian non-bank financial company that is a leader in housing finance and mortgages with $37 billion of total assets as of March 31, 2011.

  • Cerebra Integrated Technologies acquires 51% stake in Geeta Monitors

    According to Deal Curry, Cerebra Integrated Technologies Limited is acquiring 51% stake in Geeta Monitors Private Limited, an IT products distributor. The acquisition is part of Cerebra's plan to expand its systems and solutions division and IT infrastructure business.

    Cerebra Integrated Technologies Ltd announced June 9, that meeting of the Board of Directors of the Company would be held to consider proposal of Acquisition of majority stake in an IT distributor Enterprise.

  • AECOM Technology Corporation acquires India’s Noida based Spectral Services Consultants

    AECOM Technology Corporation, a leading provider of professional technical and management support services for government and commercial clients around the world, announced Monday that it has acquired Spectral Services Consultants Pte. Ltd. (Spectral), a building services consultancy based in Noida, India.

    Spectral is a 500-employee, Indian market leader in the provision of mechanical, electrical and specialist consultancy services for national and global clients who are looking to minimize their environmental footprint.

  • Glodyne Technoserve acquires India’s leading provider of e-governance services Comat Technologies

    Glodyne Technoserve Limited one of the largest technology infrastructure management services provider and a pioneer in e-governance managed services space in the country Friday announced the acquisition of Comat Technologies, a leading provider of e-governance services in India.

    Comat has created a strong niche in the e-governance sector in the country having worked with governments in using technology to provide services that ensure reach to millions of people and bring efficiency in the processes.

  • IFC invests $4 million in India’s First Large-Scale Thin-Film Solar Plant to Promote Clean Energy

    International Finance Corp. (IFC), a member of the World Bank Group, is investing $4 million in India’s Sapphire Industrial Infrastructures Private Limited to implement the country’s first large-scale grid-connected thin-film solar plant, which will help bolster clean energy locally and provide additional electricity to about 11,000 people.

  • BBVA attains SEBI license to invest in India’s bond market

    According to Money Control, Global financial services group BBVA, on Thursday said that Indian capital markets regulator Sebi has granted it the Foreign Institutional Investor (FII) license to invest in the country’s bond market.

  • Texas Pacific Group acquires 15% shareholding in Shriram Properties

    The Economic Times of India Wednesday reported that Texas Pacific Group Capital (TPG) has picked up a 15% shareholding in Shriram Properties, the realty arm of diversified financial services group Shriram Group, for Rs 450 crore. The transaction values the Bangalore-based developer at more than Rs 2,700 crore.

  • US based KKR to acquire additional 11 per cent in Avantha Power

    According to the Economic Times (ET) of India, Kohlberg Kravis & Roberts (KKR) is looking to acquire an additional 11% stake in Gautam Thapar-controlled Avantha Power and Infrastructure Limited (APIL).

    The move will cost KKR an estimated $75 million. This will value the firm at $682 million. KKR had invested $50 million (Rs.217 Cr) in last October for 9% stake, valuing the firm at $555 million, said ET.

  • BenefitsPLUS acquires Snowball eRetail Services

    According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence. The move gears up benefitsPLUS to take an even healthier slice out of the estimated Rs 47,000 Cr e-c0mmerce market.

  • HSIL Limited buys 60% stake of Garden Polymers Pvt Ltd

    HSIL Limited, India’s leading Building Products and Container Glass Company has signed Share Purchase Agreement (SPA) with existing promoter shareholders of Garden Polymers Pvt. Ltd. (Garden), to acquire 60% stake in all cash deal.

    The remaining 40% stake will be bought by the promoter group of HSIL on same terms and value. Total deal size agreed for 100% stake is Rs. 89 crores. All the conditions precedent and other legal formalities, to consummate the deal, will be finished soon, said the Company.

  • Jacobs picks up majority stake in Consulting Engineering Services (India) Private Limited

    Jacobs Engineering Group Inc. announced Thursday that it has acquired a majority ownership of Consulting Engineering Services (India) Private Limited (CES). Founded in 1969, CES is a leading power, infrastructure, and civil engineering company in India, headquartered in Delhi.