New Silk Route, Essar Tele Tower Arms Merger - New Silk Route (NSR), which owns a majority stake Aster Infrastructure, has initiated talks with the Ruias-owned Essar Telecom Infrastructure (ETIL) for a merger. After the merger NSR and ETIL will look for joint placement or stake sale in the combined entity.The Ruias had appointed Barclays Capital to find strategic partners or offload a stake in its tower arm. (Economic Times)

DRS Logistics In Rs 450 Cr Warehousing Expansion - DRS Logistics Pvt Ltd is embarking on a Rs 450 crore expansion that envisages construction of 2 million sq ft warehousing space at Hyderabad in Andhra Pradesh, Hosur in Karnataka and Sriperembudur in Tamil Nadu by the end of the next financial year. The company proposes to float a special purpose vehicle (SPV), DRS Warehousing South Pvt Ltd, in which the prospective PE investor will hold 50% while DRS will invest the rest by way of land. (Business Standard)

Cambridge Tech To Buy German Firm - Hyderabad-based Cambridge Technology Enterprises Limited (CTE) has entered into an agreement to acquire SmartShift GmbH, based out in Germany. With this buyout, CTE will enter the European Union market with a development centre in Germany and a number of marquee European reference accounts. (Business Standard)

HDFC Converts HDFC Bank Warrant Into Shares - Housing Development Finance Corporation (HDFC) has converted warrants issued by HDFC Bank into shares just two days before its expiry. The company received 26.2 million warrants at Rs 1,530.13 per warrant on a preferential basis, adding up to Rs 4,000 crore. The company’s stake in the bank grew from 19.29% to 23.8%. The warrants were issued in june last year during the merger of the bank with Centurion Bank of Punjab, to allow the mortgage lender to maintain its shareholding in the merged entity. (Business Standard)

Catamaran Investment To Take Off In March - N R Narayana Murthy's venture capital fund Catamaran Investment Pvt Ltd will start investing in projects from March. The fund has a corpus of Rs 600 crore and its utilization would not be restricted to India. Infosys founder had himself offloaded 0.13%, (8 lakh shares) of his stake, in Infosys for Rs 174.30 crore to infuse money in the VC fund. (DNA)

Sewa-Promoted Entity Aims To Set Up NBFC - Ahmedabad-based non-profit organisation Friends of Women’s World Banking (FWWB) is floating an NBFC, Ananya Finance for Inclusive Growth (AFIG). FWWB expects its micro finance portfolio to cross Rs 500 crore. Through the new entity, the organisation expects to raise its portfolio to over Rs 1000 crore in an year’s time. (Business Standard)

India To Set Up Rs 2000 Cr Pharmaceuticals VC Fund - India will set up a Rs 2000 Cr venture capital fund to finance research and development work in the pharmaceuticals industry. The government will set up the fund in partnership with the industry. (NASDAQ)

Bachchan Shores Up Holding In AB Corp - Amitabh Bachchan is shoring up his holding in AB Corp. Ltd and is weighing the option of buying out minority shareholders in it. Along with his wife Jaya Bachchan, son Abhishek Bachchan and some investment arms, Bachchan holds at least 60% of AB Corp.’s shares. Latest regulatory filings show the Bachchans’ combined holding at 48.87%. (LiveMint)

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