SKIL Infra To Raise Rs 2,500Cr - SKIL Infrastructure is raising Rs2,500 crore by selling less than 20% stake in two phases that includes a private placement to overseas funds besides a public issue. The transaction will value the group holding company at around $2 billion. SKIL top management recently went on a roadshow for the proposed private placement and have decided to mobilise Rs1,000 crore from financial investors. The firm may hit the market before March 2011 given the conditions. (Economic Times)
BSE In Talks To Buy CAMS - Bombay Stock Exchange (BSE) is in talks to acquire majority stake in Computer Age Management Services (CAMS), which provides registrar services to mutual funds industry. CAMS is backed private equity fund Advent International. (Moneycontrol)
Suzlon Moves Up On RIL Investment Buzz - Shares of Suzlon Energy today surged nearly 15% in the last half hour of the trading session amid reports that Reliance Industries Ltd (RIL) was eyeing a stake in the wind power major. Shares of Suzlon Energy that traded between Rs 46 and Rs 48 for most part of the trading session, jumped to Rs 53.10, a gain of around 15%. (BS)
BC Jindal To List Power Unit - BC Jindal Group, which has interests in verticals such as steel pipes and tubes, steel strips, galvanised sheets, photographic accessories, is planning to tap the capital markets for its power venture. Jindal India Powertech Ltd (JIPL) plans to go public by the first quarter of the financial year 2011-12. The IPO could be between Rs800-1,000 crore. (DNA)
Cethar Vessels Eyes PE Funding - Cethar Vessels, a power equipment manufacturer, is entering into power production by setting up a thermal-based power plant and a solar farm in Tamil Nadu. It is also planning a facility to manufacture turbines for thermal power plants in Tiruchy with an outlay of Rs 1,200 crore. The proposed plant will be set up over the next three years in phases with a total capacity of 4000 Mw and is looking to raise around Rs 400 crore from private equity. (BS)
ICICI Venture To Invest New Fund In 3 Years - ICICI Venture Funds Management Company Ltd, the private equity arm of private sector lender ICICI Bank, plans to deploy its $400-million (approximately Rs1,880 crore) India Advantage Fund-III in the next three years. Launched in 2009, the sector-agnostic, equity-linked fund made its maiden investment of $27 million (Rs126 crore) in Chennai-based Star Health and Allied Insurance Company Limited in April this year. (BS)
Cipla May Buy Stake In South Africa Unit - Cipla, the largest player in the domestic drug market, may buy around a 25% stake in Cipla Medpro, South Africa’s third-largest drugmaker and a key ally of the Indian company. Cipla will invest in Cipla Medpro Manufacturing (Pty) Ltd (CMM), a subsidiary of Cipla Medpro, which is setting up one of the largest contract manufacturing facilities in Africa at an investment of over Rand 225 million (Rs 145 crore). (BS)
VA Tech Wabag IPO By Mid-September - Water treatment solutions provider VA Tech Wabag is likely to hit the capital market by the middle of current month with its initial public offering for raising about Rs 500 crore. The public offering by VA Tech would be a new category of issue, after successful fund raising by microfinance major SKS Microfinance, experts said. (ET)
