Invest in India News

  • Valuemart Retail India acquires 59.86 per cent shareholding in Residency Projects and Infratech Ltd

    Valuemart Retail Ltd has acquired a 59.86 per cent stake in Residency Projects and Infratech Ltd. Valuemart Retail India Ltd said it will be purchasing the stake from the target firm’s existing promoters. Based in Bangalore, Valuemart India is keen on bolstering its position and offering by acquiring new businesses and prospects. The firm is in a bid to acquire additional investments, to include new markets and product offerings.

  • Tata Advanced Systems Ltd (TAS) picks up 74% stake in HBL Elta Avionics Systems Pvt Ltd

    Tata Advanced Systems Ltd, a subsidiary of Indian auto manufacturing giant Tata reported it had acquired a 74 per cent stake in Hyderabad based avionics firm HBL Elta Avionics Systems Pvt Ltd. HBL Elta Avionics Systems Pvt Ltd’s remaining 26 per cent stake remains under its foreign partner ELTA Systems, a unit of Israel Aerospace Industries.  Tata was counseled on this investment by Mape Advisory.

  • Seedfund portfolio and digital printing service firm Printo.in acquires Lifeblob.com

    Digital printing service firm Printo.in Tuesday acquired the photo sharing service firm Lifeblob.com. Based in Bangalore, Printo.in is a seed fund company and is the biggest network of print and documents services brand in India. Both Printo and Lifeblob are Seedfund portfolio companies.

    The acquisition will go a long way in enhancing Printo.in’s offering in India and globally, said the firm. It will as well enable Printo.in to make an online venture, as the acquired business will be incorporated into Printo.in’s business.

  • American private equity firm Warburg Pincus sells 4.08 per cent of its 7.45 per cent stake in Auto component firm Amtek India Ltd

    Warbug Pincus announced it had disposed off about 4.08 per cent of its 7.45 per cent stake in Indian firm Amtek India Ltd. Warbug reiterated it had sold the stake in the Indian auto component manufacturer for an estimated Rs 35.73 crore. However, Warbug incurred a loss of 60 per cent on this investment. Warbug Pincus sold 5.5 million shares for about Rs 64.96 for every share on the Bombay Stock Exchange via a bulk deal agreement.

  • Indian Oil Corporation Ltd planning to acquire 26 per cent stake in Nuclear Power Corporation of India Ltd's (NPCIL) project

    State owned Indian Oil Corporation is mulling the acquisition of a 26 per cent stake in Nuclear Power Corporation of India Ltd’s 1,400 MW atomic power project at Kota. The project will be acquired for an estimated Rs. 900 crore. Nuclear Power Corporation of India is establishing the 1,400 MW power plant scheduled to be completed by the year 2015, latest 2016.

  • Thomson Reuters acquires fast growing legal process outsourcing firm Pangea3

    Renowned global provider of intelligent information for business and professionals, Thomson Reuters Friday acquired fast growing legal process outsourcing firm Pangea3. Pangea3’s legal outsourcing process serves corporate legal departments and law firms worldwide. However, the terms of the deal were not disclosed.

  • Air France KLM picks up 26 per cent stake in Mumbai based Max Aerospace and Aviation Ltd

    Air France-KLM reported it had purchased a 26 per cent stake in Mumbai based Max Aerospace and Aviation Ltd. The Franco-Dutch aviation firm Air France-KLM is mulling a plan that will see it create an aircraft components repair facility in India. Under the terms of the agreement, Air France-KLM and Max AeroSpace will jointly build an aircraft component repair facility at a Special Economic Zones that will be capable of servicing Boeing Co. and Airbus SAS planes.

  • Intel Capital invests in Bangalore based online video startup Althea Systems And Software Pvt Ltd

    In a follow up to its announcement regarding investment in start ups, Intel Capital has invested around $77 million in 18 start ups; including Bangalore based Althea Systems And Software Pvt Ltd. Althea Systems And Software Pvt Ltd is online video startup. The investment comes as part of the US firm’s plans for a $77-Mn funding across 18 startups that was announced at the 11th Annual Intel Capital CEO Summit in Huntington Beach, California.

  • Global nonprofit organization Grameen Foundation Launches Mifos® Cloud in India

    New Delhi, India, November 17, 2010 — Grameen Foundation today announced, at the Microfinance Leadership Summit on Technology, the launch of Mifos® Cloud in India. Mifos Cloud is a hosted management information service delivered for a subscription fee to emerging poverty-focused microfinance institutions (MFIs) seeking to maximize sustainable growth. The cloud-based service supports more transparent business and social performance reporting and more secure data management, which can improve institutions’ ability to attract capital and resources.

  • Tanglin Retail Realty Developments Pvt. Ltd acquires majority control of Sical Logistics

    Coffee Day Resorts Pvt Ltd’s unit, Tanglin Retail Realty Development Ltd Tuesday reported it had acquired majority control of Sical Logistics from its promoter Ashwin C. Muthiah. Under the takeover agreement of the majority stake, Sical Logistics is to give 16,08,0010 shares to Tanglin Retail Realty on preferential basis at Rs.76 per share.

  • Agro Tech Foods sells its vanaspati brand, 'Rath', to Cargill India, an Indian unit of US -based Cargill Inc.

    Agro Tech Foods announced Monday it sold its vanaspati brand to an Indian unit of US based firm Cargill Inc. Agro Tech Foods is an affiliate of US branded foods firm ConAgra Foods. Agro Tech Foods sold its Rath brand to Cargill India, Cargill Inc’s Indian unit. The investment transaction amount was however not disclosed. Agro Tech considered the vanaspati brand, ‘Rath’ as weak for its longer term strategy.

  • IKYA Human Capital Solutions acquires Magna Infotech for Rs.100 Crore

    IKYA Human Capital Solutions reported it had acquired Hyderabad based Magna Infotech for Rs 100 crore. IKYA Human Capital Solutions is a Bangalore based integrated solutions firm. Magna Infotech is a tech staffing firm with around 5,000 staff and nearly 400 different IT skills. The combined entity would make Ikya a 30,000-staff strong manpower firm.

  • Switzerland based Gate Gourmet in Joint Venture with India Hospitality Corp. for purchase of a majority interest in Skygourmet

    Switzerland based Gate Gourmet announced it had entered a joint venture with India Hospitality Corp. that will see it acquire a majority stake in the Indian firm’s unit. Gate Gourmet said it will be picking up the majority stake in India Hospitality Corp.’s Skygourmet, the country’s foremost airline caterer. Skygourmet has a presence in about seven Indian cities. Gate Gourmet is a unit of the gategroup of companies and this investment marks a major move for the Group.

  • QInvest buys a 28 per cent shareholding India’s Asian Business Exhibition and Conferences (ABECL)

    QInvest has acquired a stake in India’s Asian Business Exhibition and Conferences. The Qatar’s investment bank said it had bought the stake successfully in ABECL, India’s foremost exhibitions and conferences organizer. ABECL's boasts a portfolio inclusive of 15 exhibitions made up of 65 events that span nine industry verticals.

  • Switzerland based Baumer Group buys majority of India’s Waaree Instruments Ltd

    Switzerland’s foremost manufacturer of sensors and sensor systems, as well one of the leading global manufacturers of the same, Baumer Group reported it had bought majority shares in India’s Waaree Instruments Ltd. Waaree Instruments Ltd is one of India’s foremost suppliers of process control instruments. The Indian firm is part of the Indian Waaree Group, a family enterprise based in Mumbai. However, the financial details of the transaction were not revealed.