Shree Renuka Sugars Ups Stake In NCDEX to 12% - Karnataka-based sugar refiner Shree Renuka Sugars has exercised its right of first refusal (RoFR) to pick up the 7% stake in commodity bourse NCDEX. Rating agency Crisil had proposed to sell this stake to JM Financial and a fund. Renuka Sugars currently holds 5% in NCDEX. (Economic Times)

Merrill Lynch Eyes AS Cargo Exit - Merrill Lynch is exiting Bangalore-based A S Group of Companies, which is an integrated infrastructure service provider. Blackstone, another global private equity giant is understood to be looking to buy into this company which has a topline of Rs 350 crore and a debt of around Rs 150 crore. Merrill Lynch is understood to be looking at a valuation of Rs 800 crore for the exit. Coffee Day Holdings could also be in the race to pick up stake. (Business Standard)

RIL May Invest In Chesapeake's Shale Gas Assets - Reliance Industries is considering to invest in Chesapeake Energy’s shale-gas assets. Chesapeake has about 600,000 acres in Eagle Ford shale in south Texas. (ET)

IndusInd Raises $250M Via QIP - Private-sector lender IndusInd Bank has raised $250 million in a share sale to institutional investors. IndusInd sold the shares at Rs 234.55 each. The offering was managed by Morgan Stanley, IDFC Capital, JM Financial, UBS and BNP Paribas. (Reuters)

Hindusthan Glass Eyes Stake Sale, Acquisitions - Sequoia Capital-backed Hindusthan National Glass and Industries Ltd is in talks with a European multinational to sell a minority stake, with plans to form a strategic partnership for global expansion.  India’s largest glass bottle manufacturer is divesting part of its 16.76% treasury stock.

UK's Interserve Invests In India JV - UK-based Interserve Holdings Ltd has invested Rs 34.30 crore in SSPDL Interserve Pvt Ltd, its joint venture with the Hyderabad-based SSPDL Ltd. The deal represents Interserve's 49% stake in the joint venture. (HinduBusinessLine)

Ramky Infra To Raise Rs 530Cr In IPO - Infrastructure and waste management solutions provider Ramky Infrastructure plans to raise Rs 530 crore through an Initial Public Offer (IPO). The company has fixed price band of Rs 405-468 per equity share. Hyderabad-based, infrastructure firm plans to raise up to Rs 350 crore through fresh equity issue and the balance Rs 180 crore through an offer for sale. (ET)

Elder Pharma Acquires UK's Nutrahealth - Drug firm Elder Pharmaceuticals has made an offer to acquire UK-based NeutraHealth Plc for nearly 9.80 million pounds (about Rs 70.60 crore).The deal will be executed through the company's wholly owned subsidiary in Dubai. Elder Pharma, which currently holds 21.1 per cent stake in NeutraHealth, said it has offered a price of 6.5 pence per share. (ET)

Nasscom May Buy 5.1% Stake In NSDC - Software lobby Nasscom is likely to pick up a 5.1% stake in the National Skill Development Corporation (NSDC), a not-for-profit organisation set up by the Union finance ministry to lift private sector participation in manpower training in 21 sectors identified by the government. Nasscom will also nominate one of its nominees to the NSDC board. (ET)

Tata Group Eyes Acquisitions - The Tata Group is eyeing new businesses and acquisitions in the financial year 2011. The group will focus on entering newer and untapped verticals like education, with existing educational initiatives seeing a greater push. Existing presence in sectors like steel, power and automobiles will not take a back seat either, with acquisitions driving growth.  (Moneycontrol)

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