Monthly Archive: November 2016

Analjit Singh & family buy 3.3% additional stake in Max Ventures from Goldman Sachs

Tuesday, November 29, 2016/VCCiRCLE/- Billionaire industrialist Analjit Singh has hiked holding in Max Ventures and Industries Ltd (MVIL) through a secondary market transaction after an open offer to raise stake in the firm failed early this year. Global investment banking…
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Dr Reddy’s Labs to buy Kolkata NBFC Imperial Credit

Monday, November 28, 2016/VCCiRCLE/- Hyderabad-based Dr Reddy’s Laboratories Ltd is acquiring non-banking financial company Imperial Credit Pvt. Ltd for Rs 36 crore ($5.2 million). The drugmaker’s proposal to acquire Kolkata-based Imperial Credit was approved by the Foreign Investment Promotion Board…
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Reliance Infra aims to raise Rs 5,000 cr via InvIT by March

November 26, 2016/The Economic Times/- MUMBAI: Reliance Infrastructure plans to raise Rs 5,000 crore through Infrastructure Investment Trust (InvITs) in the fourth quarter of 2016-17 to pare debt. Infrastructures developers like IRB, GMR and IL&FS are keen to launch their…
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Apollo Tyres’ logistics arm plans $100 million fundraising from PEs

November 27, 2016/The Economic Times/- MUMBAI: Logistics firm Apollo LogiSolutions (ALS) is aiming to raise $100 million from private equity investors to fund acquisitions as well as domestic expansion, a top official said. “We are aiming to raise $100 million…
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BNP Paribas completes acquisition of Sharekhan

November 24, 2016/The Economic Times/- Mumbai: BNP Paribas S.A on Thursday said it has completed the acquisition of retail brokerage firm Sharekhan after receiving approvals from all relevant regulatory authorities. The Foreign Investment Promotion Board, which had rejected BNP Paribas’…
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