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News Roundup: Lactalis and Friesland Campina in race for buying stake in India’s Sterling Agro

28 September, 2012

Lactalis and Friesland Campina in race for buying stake in India’s Sterling Agro: The world’s largest maker of dairy products, the e15-billion Lactalis Group of France, and Dutch co-operative giant Friesland Campina are among a number of multinationals eyeing a majority stake in Sterling Agro, a privately-held Indian dairy company, drawn by the attractions of the 2 lakh crore domestic market. (The Economic Times)

Kalanithi Maran to raise Rs 500Cr to retire SpiceJet debt: SpiceJet promoter and media baron Kalanithi Maran is tapping the market to raise as much as Rs 400-500 crore, in a move to retire the airline’s debt that was raised from local banks for operational needs. (The Economic Times)

Lanco Infra plans to raise Rs 5,400Cr this fiscal: Infrastructure major Lanco Infratech is planning to raise $1 billion by selling non-core assets and diluting equity in some of its subsidiaries by the end of this fiscal, a top company official said today. The fund infusion will bring back the debt-equity ratio of the company to healthy levels of 4:1, Lanco Chairman L Madhusudhan Rao told reporters on the sidelines of the company’s annual general meeting held here. (Business Standard)

IndoStar Capital to lend Rs 100Cr to Prizm: IndoStar Capital Finance Pvt. Ltd, backed by private equity (PE) firm Everstone Capital Ltd, is lending nearly Rs 100 crore to Chennai-based payment service provider Prizm Payment Services Pvt. Ltd. The company will use the money to expand its automated teller machine (ATM) network. (Mint)

Emirates signals KFA stake buy: Dubai carrier Emirates is believed to have signalled an early interest to acquire a stake in the troubled Kingfisher Airlines with riders that the latter hammers out long-term loan restructuring and revamp the business plan with a realistic chance of survival. (The Times of India)

Courtesy: VCCEdge    


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News Roundup: Lactalis and Friesland Campina in race for buying stake in India’s Sterling Agro

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