Infrastructure firm IVRCL to sell BOT Projects to Pare Debt

October 2014

IVRCL plans to monetize assets worth Rs 40 billion to reduce its debt. The company, is selling its Chennai seawater desalination plant and the Jaland...

Tags: Deals, IVRCL, BOT Project, Sell, Seawater Desalination Plant, Road Project, Debt, Trim

Suprajit Engineering acquiring speedo cable business of Pricol

October 2014

Bangalore based automotive cable maker, Suprajit Engineering Ltd is acquiring the Speedo Cable Business from Coimbatore based Pricol Ltd for an undis...

Tags: Deals, Bangalore, Automotive Cable Maker, Suprajit Engineering Ltd, Acquires, Speedo Cable, Pricol Ltd, Machinery, Manufacturer, Oil Pumps, Disk Brakes, Sensors, Industrial Gauges

Japans Sumitomo acquires auto lease business of Carzonrent

October 2014

Japanese conglomerate Sumitomo Group (SMAS) has acquired car lease business of Carzonrent India Pvt Ltd, the car rental firm. It did not disclose the...

Tags: Deals, SMAS, Acquires, Car Lease, Carzonrent India, Car Rental, Taxi, Easy Cabs

Bharat Electronics and Thales form JV for Defence Radars

October 2014

Bharat Electronics Ltd (BEL) and French technology firm Thales are forming a Joint Venture (JV). This Joint Venture company will focus on the design,...

Tags: Deals, Bharat Electronics Ltd, French Technology, Thale, Joint Venture, Design, Development, Marketing, Supply, Civilian, Defence Radars, Air Traffic Management

Minda Corporation picks up majority stake in JV partner Minda Furukawa Electric

October 2014

Minda Corporation Ltd has acquired 2 per cent stake from its Japanese Joint Venture Partner Furukawa Group. The two percent acquisition gives it a m...

Tags: Deals, Minda Corporation Ltd, Joint Venture, Acquires, Minda Furukawa Electric, Manufacturer, Allied Components, Couplers, Relay Boxes

Ujjivan Financial Services Raises Rs 1,250 mn from SIDBI

October 2014

Bangalore based Ujjivan Financial Services, a leading microfinance institution with Pan India currently, has raised Rs 1,250 million in debt from Sma...

Tags: Deals, Ujjivan Financial Services, Microfinance Institution, SIDBI, MFI, Debt, Pan India

Birla Financial to acquire stake in KSS Ltd

September 2014

Birla Financial Distribution Pvt Ltd is acquiring 11 per cent stake in media firm KSS Ltd by converting the optionally convertible redeemable bonds a...

Tags: Deals, Birla Financial Distribution, Convertible Redeemable Bonds, Birla Gold, Stake, Media Firm, KSS Ltd, Investments, Gold Mines, Miniplexes, Digital Cinema, Education, Edutainment, Online Trading, Project Consultancy

Rico Auto Industries to divest stake in auto component JV with Japanese Partner FCC

September 2014

Rico Auto Industries Ltd is divesting its 50 per cent stake in JV company, FCC RICO Ltd to its JV Japanese partner FCC Co Ltd for a consideration of ...

Tags: Deals, Divesting, Rico Auto Industries, Stake, FCC Co Ltd, High Precision, Aluminum, Ferrous Components, Automotive OEMs