Invest in India News

  • Repro acquires India’s printing operations of Macmillan Publishers India Ltd

    Repro, the end–to–end education content delivery solutions provider in print and digital media for domestic and international customers, Friday announced the acquisition of the India printing operations of Macmillan Publishers India Ltd. (MPIL), the subsidiary of renowned UK-based publisher.

  • Dialog Group Berhad proposes to acquire 51% stake in India’s Anewa Engineering

    The Dialog Group Berhad Board of Directors announced that Dialog Systems (Asia) Pte Ltd (DSAPL), its wholly owned subsidiary, has proposed to acquire a 51% equity interest in Anewa Engineering Private Limited (Anewa), India.

    The investment was for Indian Rupees (Rs) 117,145,050. Anewa is an outsourcing company which provides engineering design to customers, mainly multinational companies in India, Middle East and South East Asia in the oil, gas and petrochemical industry. Anewa employs approximately 120 employees.

  • US Health insurance firm acquires 100 per cent in stake in IHO Pvt Ltd

    American health insurance company Aetna International Wednesday completed its acquisition of Indian Health Organization Pvt Ltd (IHO) for an undisclosed amount. The move now marks its foray into the Indian market, reported the Economic Times of India (ET).

  • Gravita India Acquires majority stake In Metal Inc

    Deal Curry Wednesday reported Gravita India Ltd has acquired a majority 80% stake in Jammu & Kashmir-based Metal Inc. The Company is also under process to acquire the balance 20% in Metal Inc, making it a 100% wholly owned unit.

    The deal will increase Gravita's lead smelting and refining production capacity by 3,600 mtpa to 46,200 mtpa. Recently, Gravita India bought 60% stake in Jammu-based K M Udyog, a lead metal manufacturer with an installed capacity of 7,200 TPA, said Deal Curry.

  • Vopak acquires India’s bulk liquid storage terminal in the Port of Kandla

    Vopak has entered the fast growing Indian market through the acquisition of 100% of the shares in CRL Terminals Pvt. Ltd in the Port of Kandla from a domestic operator. The terminal is one of India’s largest independent storage facilities for chemicals and vegetable oils and consists of two sites with a total capacity of 261,600 cubic meters (cbm).

  • India’s Genpact and Nissan Extend Relationship to Strengthen HR Delivery Capabilities

    Genpact Limited, India-based global leader in business process and technology management, Monday announced that it is strengthening its longstanding partnership with Nissan and is assuming the management of Nissan Human Information Service (NHIS).

    NHIS is Nissan’s shared services center for human resources (HR) operations based in Yokohama, Japan. NHIS has operated as a subsidiary of Nissan Motor Ltd since 2000 and currently handles HR functions for 54,000+ Nissan employees worldwide.

  • Aquatech makes strategic investment into WEX Technologies

    Aquatech, a global leader in water purification for industrial and infrastructure markets, has made a strategic investment into WEX Technologies Private Limited, a leading provider of performance water treatment chemicals and services.

    Founded in 2001, WEX is a widely recognized chemical and services company focused on the rapidly growing Indian market. WEX’s chemical product solutions address applications for boilers, cooling towers, and reverse osmosis and thermal evaporator antiscalants and cleaners.

  • Blackstone Group acquires a minority stake in FINO Limited

    The Blackstone Group, announced Thursday an investment of Rs 150 Crores (approximately US $ 33 million) in FINO Limited (FINO) for a significant minority stake. FINO is a pioneer in providing integrated technology solutions and physical network to enable financial inclusion in India.

    FINO is a channel with enabling technology platform for an end–to-end sourcing & servicing of micro customers in rural India on scale across a range of basic financial products and services.

  • Dana Holding Corp. completes acquisitions to enhance its growth in emerging markets

    Dana Holding Corporation announced Wednesday that it has completed two transactions that will enhance its position for further growth in the emerging markets of China and India.

    Dana acquired the commercial-vehicle axle business of Axles India Ltd. (AIL). The company has also increased its stake in Dongfeng Dana Axle Co., Ltd. (DDAC), a China-based commercial-vehicle axle joint venture, to 50 per cent.

  • JWT to acquire a majority stake in Mindset Advertising Private Limited

    JWT, the leading global advertising network and India’s largest integrated communications company, has agreed to acquire a majority stake in Mindset Advertising Private Limited, Hyderabad’s highly awarded advertising agency, which had so far been a JWT associate.

    Colvyn Harris, CEO of JWT India, said Hyderabad figures as one of the most promising cities in JWT’s growth plans and the integration of Mindset into the company’s global operations gives clients in the city access to the best of what JWT has to offer worldwide.

  • Saksoft acquires a subsidiary of Kale Consultants Limited Chennai, Synetairos Technologies Limited

    Saksoft Limited, the Information Management Specialist Company, has acquired Synetairos Technologies Limited, a consulting services company. Synetairos is a subsidiary of Kale Consultants Limited and provides specialized consulting services to clients in technology and financial services.

    Aditya Krishna, CEO of Saksoft, said the Indian market is growing in services and the acquisition of Synetairos is part of the broader plan to enlarge Saksoft’s foot prints in the Indian geography.

  • India’s largest insurer, LIC, increases its stake in state run Andhra Bank

    India’s largest insurer, LIC, has hiked its stake in state-run Andhra Bank to 10 per cent through stock market purchase, reported the Economic Times of India.

    Life Insurance Corporation (LIC) has bought over 5.58 crore shares or 9.99 per cent stake in Andhra Bank on June 21 through open market deals, Andhra Bank said in a disclosure to the Bombay Stock Exchange, indicated the report.

  • JV in agreement to sell direct and indirect shareholding in Vodafone Essar Limited

    Vodafone Group, Essar Communications (Mauritius) Limited (ECML) and ETHL Communications Holdings Limited (ECHL) agreed the terms under which ECML and ECHL will sell their direct and indirect shareholdings in Vodafone Essar Limited (VEL).

    Under the terms of the agreements, ECML's wholly owned subsidiaries, Essar Communications limited (ECL) and Essar Com Limited (ECom), have sold their entire 22% shareholdings in VEL, and ECHL will dispose of its 11% shareholding in VEL.

  • 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.