Invest in India News

  • Molson Coors and Cobra India in joint venture to brew and market Cobra beer in South Asia

    Molson Coors Brewing Company and Cobra India announced Thursday the formation of a joint venture that will brew and market Cobra beer in South Asia.
     
    Under the terms of the agreement, Molson Coors will purchase a controlling stake of Cobra India from two existing investors and will have operational control over the new Molson Coors Cobra India. The joint venture will be chaired by Lord Karan Bilimoria, Cobra’s founder and chairman of the Cobra Beer Partnership in the UK.

  • KK Modi group to acquire majority stake in cigarette maker Godfrey Phillips India

    The India Economic Times Thursday reported that KK Modi group is to acquire majority control in cigarette maker Godfrey Phillips India (GPI) from American tobacco major Philip Morris. The Indian business is leading the company's charge into noncigarette segments such as beedi and chewing pan masala, potentially to the discomfort of the foreign partner.

  • Samena Capital acquires additional Stake in Dynamatic Technologies

    Samena Special Situations Fund, the fund managed by Samena Capital has bought additional 1.1% stake in Dynamatic Technologies Ltd for Rs.9.3 Cr through bulk deal. It bought 60000 shares at Rs.1549 per share through bulk deal on BSE and NSE together.

    This will increase Samena Capital's stake in the company from its current holding of 7.2% to 8.3%. Initially Samena Capital bought 5.2% stake in the company last year for $8 million. It subsequently increased its stake to 7.2% with an average price of Rs.1227.8 per share.
     

  • Orb Energy and Acumen Fund enter energy Partnership deal in India

    Orb Energy Pte Ltd. (Orb), one of India’s leading providers of solar energy systems, and Acumen Fund, a nonprofit global venture firm addressing poverty in South Asia and East Africa, Tuesday announced a partnership to address energy needs for millions of Indians without reliable electricity.

    Acumen Fund is making a significant equity investment to help Orb extend its household lighting systems to more rural customers, to scale its manufacturing, and to develop innovative products to meet the needs of its low income customers.
     

  • 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.