Baring Asia To Raise $1.75B Fund - Baring Private Equity Asia has started fund-raising for a new $1.75 billion Asia-focused fund. The Hong Kong-based PE firm had managed to raise $1.52 billion for its previous fund in May 2008. Baring has invested in Indian companies like KS Oils, Karvy Stock Broking, RSP Design Consultants. (WSJ)

Ten Banks To Pick Up Stake in Central Electronic Registry - Close to ten large banks are likely to pick up stakes in the proposed Central Electronic Registry, a company that would be co-promoted by the National Housing Bank, to keep track of mortgages in the home loan market. The Government has already committed Rs 25 crore for the purpose in the budget. (HindusBusinessLine)

High Court Ask For Due Diligence Details In Jet-Sahara Deal - After hearing arguments on the continuing litigation between Jet Airways and Sahara India Commercial Corporation – the Bombay High Court has asked both counsels to furnish details on the tax liabilities stated in the due diligence report by Ernst & Young. The report was prepared in 2006 by E&Y on Sahara Airlines, prior to its takeover by Jet. (HBL)

Jyothy Labs Eyes Fabric Care Brands - Jyothy Labs, a leading player in the FMCG space, has identified at least three brands in the fabric care and surface cleaning space for acquisition. (HBL)

Midfield Plans Rs 60 Cr IPO - Hyderabad-based Midfield Industries plans to launch its IPO of up to Rs 60-crore on July 19 and has fixed the price-band  at between Rs 126 and Rs 133. The issue would constitute 35.10% of the fully diluted post-issue paid-up capital of the company. Midfield operates in the organised industrial packaging industry, manufacturing all varieties of steel strappings, seals, collated nails and corner boards. (Economic Times)

Ruias To Get $750M More For Vodafone Stake - The Ruias of the Essar Group will now be getting around $750 million (about Rs 3,493 crore) more from their telecom joint venture partner, Vodafone Group, over and above the fair market price if they exercise the “put” option for their 33.02% stake. The put option of the Essar Group’s stake in Vodafone-Essar expires in May 2011. (Business Standard)

M&M Delays Decision On Ssangyong Bid - Mahindra & Mahindra delayed a decision on the bid for South Korea’s Ssangyong Motors as promoters look for ways to maintain at least 26% in the company, while it contemplates fund-raising for the purchase. This follows extension of deadline for the submission of bids by the South Korean company to August 10, from July 20. The board will meet again on July 28, said the company. (ET)

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