Invest in India News

  • Unilever Plc setting up Venture Capital fund to invest in India

    Livemint Thursday reported that Unilever Plc, the world’s second largest consumer goods company, is setting up a venture capital (VC) fund to invest in India.

    Unilever said in a statement that having established the Unilever Corporate Ventures model in the developed world with investments in venture capital and private equity, the company is now leveraging the model into emerging markets commencing with India and China.

  • Apollo Global Management to Invest up to INR 2,250 Crores in the Welspun Group

    Welspun Corp Limited (WCL), a leading global pipe manufacturer, and certain of its affiliates, Wednesday announced that it has agreed to a transaction by which funds affiliated with Apollo Global Management, LLC - one of the world’s leading private equity firms - will invest in the Welspun Group. The transaction is expected to close on or before August 12th, 2011.

  • Vistaprint N.V. to acquire Mumbai based PrintBell

    Vistaprint N.V., a leading online provider of professional marketing products and services to small businesses and independent professionals, Tuesday announced its plans to acquire Mumbai, India-based PrintBell, India's first online solution for corporate identity and marketing products.

    As part of this agreement, PrintBell founder and CEO Nilesh Parwani will establish and serve as the Managing Director of a new wholly owned Vistaprint subsidiary in India. Mr. Parwani founded PrintBell.com in 2007.
     

  • Japan’s Kokuyo S&T Co acquires India’s Camlin

    Kokuyo S&T Co Ltd, a consolidated subsidiary of Kokuyo Co Ltd, announced it had acquired a majority of Camlin shareholding. Camlin Limited is a major manufacturer of stationery and color products located in Mumbai, India.

    Kokuyo commenced business partnership with Camlin last year, co-operating in the sale of notebooks, and this Transaction is a friendly acquisition, made on the footing of a mutual understanding of the corporate cultures and transaction objectives, said Kokuyo in a press release.

  • Navis Capital Partners buys majority stake in Classic Stripes Private Limited

    The Economic Times (ET) of India Monday reported that Navis Capital Partners has bought majority stake in Mumbai-based Classic Stripes Private Limited for $100 million. The funds raised will be used for expansion, including increasing existing production capacity.

    According to the Times, a source familiar with the situation confirmed that the Malaysia-based Navis Capital Partners picked up a majority stake in the Mumbai based automobile-decal and graphics-designer Classic Stripes (CSPL).

  • Carlyle invests US$25 million in India’s manufacturer of water-based polymer emulsions, Visen Industries Limited

    An affiliate of global alternative asset manager, The Carlyle Group, has invested US$25 million in Visen Industries Limited, a large manufacturer of water-based polymer emulsions in India. Funds from the affiliate, First Carlyle Ventures III (FCV III), will be used by Visen to expand its manufacturing capacities in India and abroad.

  • 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.