Invest in India News

  • Essar Group to raise capital via IPO of joint venture stake with Vodafone, Reports

    Reports emerged Monday that Indian steel and shipping giant company owned by the Ambani brothers, Essar Group is keen on an Initial Public Offer (IPO) to fund its investments. The reports suggested that Essar Group had talks with various banks with regard to its plans as it ponders its funding options, inclusive of an IPO for its stake in its Indian joint venture with British telecommunications firm, Vodafone.

     

  • Mindlance to invest $100 Million in India in next 2 years

    Mindlance Sunday reported that it would be investing about $100 million in India in the coming two years. According to a senior management official from the company, the Bangalore based giant Information Technology (IT) Company is keen on putting an additional large amount on Indian investments, to be undertaken in the next two to three years, in addition to its acquisitions in the infrastructure and management sectors.

     

  • Perfint Healthcare Pvt Ltd raises $7.2 Million further capital for expansion

    Perfint Healthcare Pvt Ltd reported it had raised $7.2 million capital for expansion and investments in a round that was led by Northwest Venture Partners (NVP). The Chennai based medical equipment company said it had raised the amount in the second round of financing that saw existing investors in the company, Accel Partners India and IDG Ventures take part.

     

  • Tata Capital to raise equity from international and domestic Investors

    Tata Capital, Tata Group’s financial services arm Wednesday reported that it plans to raise private equity from domestic and international investors. The move will see the company raise about $1 billion in private equity fund by 2011, in its bid to expand its business and invest across four themes.

     

  • Super Religare Labs to acquire Piramal Diagnostics with 107 labs - Pharmaceuticals India

    Super Religare Labs (SRL) Tuesday announced it had successfully completed talks for the acquisition of Piramal Diagnostics. The deal will see Super Religare takeover Piramal Diagnostics’ 107 labs, with the company’s current annual revenues generation pegged at more than Rs 200 crore. The new acquisition investment comes in the wake of Piramal Healthcare’s sell of its other major business, this being the second in recent months.

     

  • LSE listed Essar Energy PLC acquires Navabharat Power Pvt Ltd in Orrisa India

    The London stock listed company, Essar Energy PLC, Tuesday announced that its Indian subsidiary, Essar Power Limited made an investment acquisition for a 100% stake in Navabharat Power Pvt Ltd. The investment will see Essar Power Ltd takeover the 2250MW producing company in Orissa.

     

  • Indian steel manufacturer, Sujana Metal Products, to invest Rs 1,000 Cr in its production

    Indian Steel manufacturing company, Sujana Metal Products, Sunday announced it plans to invest more than Rs 1,000 crore in expansion of its operations. The plans will see the company grow its capacity to 7.5 lakh tons per annum, up from its existing 3.5 lakh tons, to be effected by end of the 2010 financial year. According to a statement from senior officials in the company, it would seek investments aimed at doubling its rolling production capacity in its range of steel products.

     

  • Indian Retail Industry opposes India government proposal of retail regulatory authority

    The Indian retail industry Friday came out in strong opposition to the government’s move to set up a regulatory authority for the retail industry, arguing that there are few takers in the industry for such a move. The Indian Ministry of Consumer Affairs and Food had Thursday met Industry players over the same, with the players voicing their concerns against the proposal. Retail Industry players instead proposed that the setting up of an agency to facilitate retail trading and a further commission to study the challenges of the retail sector in the country.

  • Coal India Ltd seeking to invest overseas in coal mines

    Coal India Thursday announced it is keen on securing foreign mining investments in a bid to meet the rising energy demand in India. According to an Indian governmental official, Coal India ltd, the biggest global producer of coal, said the company might utilize a proposed sovereign fund for the purchase of mines overseas, with the aim of supplying about 8% of its domestic output in the country to meet the ever burgeoning demand for energy.

     

  • Three Indian Banks keen on acquisition investments

    Three Indian banks, HDFC Bank Ltd, Kotak Mahindra Bank Ltd and IndusInd Bank Ltd, reported Thursday that they are keen on making further acquisition investments. HDFC recently announced that it is keen on entering a merger with a bank from the Southern part of India, though it did not disclose any names.

     

  • India’s largest telecoms operator Bharti to invest $600m in rural expansion in Africa‎

    Bharti Airtel, India’s largest telecoms operator, Thursday reported it intends to invest US$600 million in expansion of its mobile network in rural areas. The plans for expansion will be undertaken in Nigeria, through Bharti Airtel’s newly acquired subsidiary, according to the Economic Times reports.

     

  • Indian MRO firm Air Works looking for acquisitions in Europe and Southeast Asia

    Air Works, a dominant player in India’s Maintenance Repair and Operations (MRO), Tuesday announced it is on the look out for acquisition investments in its line of business overseas. Air Works undertakes services in repairs and advanced maintenance of Boeing-737 and turboprop ATR planes. The announcement was made by senior company officials in a press statement.

     

  • HSBC to acquire Royal Bank of Scotland in India

    The Hongkong and Shanghai Banking Corporation (HSBC) reported it had agreed on a deal that will see it takeover the Royal Bank of Scotland (RBS) Group Plc’s retail and commercial businesses in India. The UK based banking corp. reported that it would pay a premium of $95 million for RBS’ retail and commercial businesses in India, about Rs 446.50 crore investments over the net asset value.

  • DuPont buys two Cotton businesses in AP to India Seed Product Lineup

    In a bid to enhance its product line up and strengthen its burgeoning business in India, DuPont reported that it had acquired two cotton businesses. The company’s business Pioneer Hi-Bred said it bought the two cotton seed business based in Andhra Pradesh. The two acquisitions are Nandi Seeds’ cotton business, based in Mehboob Nagar, and cotton germplasm from Nagarjuna Seeds, based in Secunderabad, both in the state of Andhra Pradesh.

     

  • Sumitomo Mitsui (SMBC) intention to invest Rs 1,366 crore for 4.5% stake in Kotak Mahindra Bank

     

    Sumitomo Mitsui Banking Corporation (SMBC), a Japanese bank, reported that it intends to invest Rs 1,366 crore in an investment for the acquisition of a 4.5% stake in Kotak Mahindra Bank (KMB), the Indian private sector lender.  Kotak agreed on an investment deal that will see it sell 164 million shares at 833 Indian Rupees per share, totaling to Rs 1,366 crore to Sumitomo Mitsui Banking Corporation, read a statement by Kotak Bank filled to the Bombay Stock Exchange.