Invest in India News

  • L&T in JV with Cassidian, a division of European Aerospace And Defence (EADS) Group, for defence electronics

    L&T has formed a 74:26 Joint Venture with Cassidian, a division of European Aerospace And Defence (EADS) Group, for defence electronics. The move follows the Indian government’s decision to alter its current foreign direct investment (FDI) limit in the defence sector from 26% to a higher percentage.

  • India based search engine Just Dial to dilute its stake to Malaysian consortium

    The Business Standard reported that Indian search engine Just Dial Pvt Ltd is to sell a minority of its stake to a Malaysian group. Based in Mumbai, Just Dial Pvt Ltd offers both B2C and B2B listings of small and medium advertisers. If the deal goes through, SAIF Partners may exit in this deal from the firm. Just Dial Pvt Ltd was begun in 1994 and currently serves an estimated 57 million users.

  • US based T Rowe Price International sells minority stake in Allied Digital Services Ltd

    In a deal on the NSE, US based T Rowe Price International sold its minority stake in Allied Digital Services Ltd (ADSL). The NSE pronouncement stated T Rowe had sold 1.03% stake in Allied Digital Services Ltd for Rs.5.36 crore through an open market transaction. T Rowe sold 477,789 shares on NSE through bulk deal at Rs.112.32 per share.

    T Rowe Price controlled a 7.43% in Allied Digital Services as of 2010 December via T Rowe Price New Asia Fund. It bought the shares between October 2009 to September 2010.

  • Indo Russian Maintenance and Repair venture establishes new service centre in Noida, India

    The Integrated Helicopter Services Private Ltd (IHSPL) has established a new service centre for all type of civil Russia-made helicopters in India.  The Indo-Russian Maintenance and Repair venture was established by Russian Helicopters, a part of United Industrial Corporation (UIC) Oboronprom, and Indian company Vectra Group.

    S.B. Prasher, CEO, Integrated Helicopter Services Pvt. Ltd said the service centre will offer maintenance and repair services for the Indian fleet of Russia-made helicopters.

  • Austrian firm Miba Sinter Group picks up minority stake in Indian auto components manufacturer

    Austrian auto components maker Miba Sinter Group has expanded its global network with the acquisition of Indian auto components manufacturer, Maxtech Sintered Product Pvt Ltd. The investment gives Miba AG access to a manufacturing facility in India. Structured as a joint venture, the investment is expected to provide Indian and International Car Manufacturers and Suppliers with high-tech sintered components.

  • Bertelsmann AG acquires Maxposure Media Group India Pvt Ltd through its subsidiary

    Bertelsmann AG has acquired a 55 per cent stake in India’s Maxposure Media Group India Pvt Ltd. The Germany based media firm undertook the investment via its subsidiary Gruner+Jahr (G+J) International Magazines. The Delhi-based Maxposure Media Group India is to be acquired from its promoters for Rs.7.6 crore. The deal values Maxopsure at Rs.13.82 crore.

  • US based Harman International Industries to invest around $100 million over the next 3-5 years in India

    The Press Trust of India (PTI) reported that US-based leading premium audio and infotainment solutions provider, Harman International Industries, plans to invest around $100 million over the next 3-5 years in India.  According to PTI, the move is aimed at increasing the firm’s footprint in India, a top company executive said.

  • US based Acacia Partners buys 4.58% stake in Net4 India Ltd

    US-based Acacia Partners LP has invested Rs 10.85 crore for a 4.58% stake in India’s Net4 India Ltd. The investment was undertaken as an open market transaction. The investment was done in bulk deals Wednesday on the BSE and NSE, with Acacia Partners buying 1,80,000 shares, and Acacia Conservation Fund buying 180,000 shares, while Acacia Institutional Partners bought 360,000 shares.

  • Persistent Systems purchases global software product development and technology services enterprise Infospectrum Inc

    Persistent Systems Limited (PSL) has acquired outsourced product development (OPD) business of Infospectrum Inc and its Indian unit - Infospectrum India Private Limited. Persistent Systems Limited noted the investment will contribute to the Company’s strategic thrust by providing better customer foothold in domains identified by them as their growth areas.

  • Morgan Stanley's Global Infrastructure Fund invests $200 million in Isolux Corsan’s Indian subsidiary

    The Morgan Stanley's Global Infrastructure Fund is to invest $200 million in Isolux Corsan's Indian arm. Isolux Corsan is a Spanish infrastructure firm and the investment will go into Isolux Corsan India Engineering & Construction Pvt Ltd (ICI), the subsidiary. The proceeds raised will be used to fund its existing projects, said the firm.

  • Japanese advertising firm Densu Inc. buys out Mogae Consultants in three of their JV operations in India

    Japanese advertising firm Dentsu has purchased the respective 26% equity stakes held by Mogae Consultants Pvt Ltd in Dentsu Communications Pvt Ltd., Dentsu Marcom Pvt Ltd and Dentsu Creative Impact Pvt Ltd. The three Indian firms are full-service advertising agencies established as joint ventures between Dentsu and Mogae.

  • HDFC and Gaja Capital Partners buys stake in Indus World Schools

    The Economic Times of India reported that HDFC Bank and Gaja Capital Partners bought a stake in Indus World Schools (IWS), a unit of Career Launcher India Limited, for around Rs.40-50 crore. According to the report, Indus World plans to use the raised funds for its expansion strategy, as it plans to increase its current 9-school chain to 75-school chain over the next five years.

  • Escorts Limited announced first quarter net profit at 25.4 crore

    Mumbai, January 31, 2011: Escorts Limited today reported a Net Profit of 25.4 crore for the first quarter of the 2010-11 financial year ending December 31, 2010, registering an increase of 9 per cent from 23.4 crore for the corresponding quarter last fiscal.

     

  • 3i picks up minority stake in Indian facility management services firm BVG India Ltd

    3i, an international investor in private equity, infrastructure and debt management, and funds managed by 3i, acquired a minority stake in BVG India Limited. BVG is one of India’s largest facilities management services companies with a pan India presence, offering a wide range of services, stated a press release from 3i.

  • Real Estate in Focus at APEX’11 PE/VC Summit

    The Venture Intelligence APEX ’11 Private Equity & Venture Capital Summit, scheduled for February 10 at Mumbai, is to feature a high power panel discussion on the role of Private Equity in Real Estate.  Speakers on the panel, which will include a mix of PE/VC Firms, Entrepreneurs & Top Executives from leading Real Estate & Hospitality companies and Advisory Firms, will provide their outlook on investments in the sector for the next 3-5 years.