Invest in India News

  • 3i India Infrastructure Fund to invest around $111.51 million in KMC Infratech Limited

    3i India Infrastructure Fund, an investment fund established by international investor 3i Group plc, (3i) is investing around $111.51 million in KMC Infratech Limited (KMCIL), a subsidiary of KMC Constructions Limited (KMCCL). KMC Infratech was incorporated in 2008 and is the flagship company of KMC Constructions Limited for all its existing and prospective road “build, operate and transfer” assets.

  • Marico Group sells refined sunflower oil brand ‘Sweekar’ to Cargill India Private Limited

    The Marico Group announced it has divested its refined sunflower oil brand ‘Sweekar’ to Cargill India Private Limited (Cargill). The transaction, for an undisclosed consideration foresees an assignment of the Sweekar trademark and copyrights from Marico to Cargill. The transaction takes immediate effect.

  • Pitney Bowes Business Insight to invest Rs 500 Crore in India over the next three years

    Software firm Pitney Bowes Business Insight is planning to invest an estimated Rs 500 Crore in India. The investment is aimed at reinforcing Pitney Bowes product development centre and sales and marketing team in the country. The investment will be undertaken over the coming three years, reported the Economic Times of India.

  • Reliance Equity Advisors invests Rs 120 Crore in Shankara Pipes India Ltd

    Reliance Equity Advisors has invested Rs.120 Crore in Bangalore based Shankara Pipes India Ltd. The Bangalore business was incorporated more than ten years ago and is involved in the distribution of a variety of steel tubes and pipes, reported the Times of India. Shankara Pipes India is promoted by Sukumar Srinivas and has over 600 retail-cum-distribution centers across the southern states of India.

  • Sesa Goa Limited purchases assets of Bellary Steel & Alloys Limited

    Sesa Goa Limited (SGL) has purchased the assets of the upcoming Steel Plant Unit of Bellary Steel & Alloys Limited (BSAL). The investment is for an all cash consideration of Rs 220.00 Crore. BSAL’s secured creditors, represented by IFCI Ltd, had taken over possession of the properties of BSAL in association with the official liquidator.

  • Meinhardt Group picks up 100% of India’s leading provider of advanced engineering services, Eigen Technical Services

    The Meinhardt Group has acquired India’s leading provider of advanced engineering services to the global construction industry, Eigen Technical Services Pvt Ltd. The Meinhardt Group is a global engineering, infrastructure and project management consultancy firm. The Meinhardt Group acquires Eigen Technical Services from Laing O'Rourke, the privately-owned, international engineering and construction group.

  • Publicis Groupe picks up majority stake in leading Mumbai healthcare advertising agency

    Publicis Groupe is to acquire a majority stake in Watermelon Healthcare Communications Private Limited, a leading healthcare advertising agency in Mumbai, India. Post the stake acquisition, Watermelon will become part of Publicis Healthcare Communications Group (PHCG) and will be renamed Publicis Life Brands Watermelon. This transaction is subject to customary local closing conditions.

  • 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.