Emmbi Polyarns Acquires 25% in Marketing Firm - Emmbi Polyarns Ltd said it has acquired  25% stake in Global Bag, a Czech Republican company, engaged in marketing of Agricultural Storage Equipments and Packaging from Austrian firm Silagro Gmbh, which was holding 50% stake in Global Bag prior to this transaction. Emmbi is involved in making of woven polyethylene, polypropylene products, jumbo bags &  woven sacks. (BSE)

Speciality Restaurants Plans Rs 200 Cr IPO - Speciality Restaurants is looking to sell 30% stake through a public issue to raise about Rs 200 crore. The issue will be a mix of fresh issue shares and offer for sale by private equity firm SAIF Partners. It will allow the company to raise around Rs 70 crore through new shares to expand its restaurant chains. The privately-held firm promoted by Anjan Chatterjee is in talks with Kotak Bank. SAIF Partners had invested Rs 90 crore in December 2007 to buy 20% stake in the food services firm, which owns popular fine dining restaurant chains Mainland China and Oh!Calcutta. (Economic Times)

JSW Infra To Raise PE Funding - JSW Infrastructure, the ports and logistics arm of the Rs 17,000-crore Sajjan Jindal-led JSW Group, is looking for private equity (PE) investment. The company has started initial discussions with investors over a possible stake dilution at both at the project level and holding company level. (Business Standard)

Sical To Exit Chennai International Terminal - Sical Logistics has decided to sell its entire 27% stake in Chennai International Terminal, a joint venture company promoted by itself along with PSA International of Singapore, to the latter for an undisclosed amount. The decision to exit the JV is primarily aimed at solving its existing financial problems. (Financial Express)

Blackstone Eyes Power Deals - Private equity firm Blackstone Group Lp’s Indian affiliate is working on several deals in the power sector that potentially involve a collective investment of $1-1.5 billion. The plans put the private equity firm, which set up an India office about five years ago, on track to reach the target set by its chairman of investing $2-3 billion in the country in the next five years. (Mint)

Chennai SAP Firm To Raise Rs 40 Cr - Kaar Technologies is planning to raise around Rs 40 crore through private equity (PE) to fund its expansion, product development and promotion. The company on Monday opened its new data centre in Chennai. The Chennai based-consulting company specialised in SAP services reported a turnover of Rs 21 crore in 2009-10 and expects to close the current financial year with Rs 50 crore. (BS)

Nagarjuna To Sell 49% in Power Project - Nagarjuna Construction (NCC) plans to sell 49% equity in its flagship thermal power project, coming up at Sompeta in Srikakulam district of Andhra Pradesh, to a strategic partner. The 2,640 mw (4X660 mw) Nagarjuna Construction project is estimated to cost Rs 12,000 crore. The first phase, with a capacity of 1,320 mw, would cost about Rs 7,000 crore.The company plans to have a debt-equity ratio of 3:1. (DNA)

Cox & Kings To Rase Rs 1,00Cr For Acquisitions - Travel company Cox & Kings (I) Ltd plans to raise up to Rs 2,000 crore to strengthen its business globally and for acquisitions. The funds will be raised through a mix of debt and equity and will largely be used to pursue inorganic growth in the domestic and international markets. The company is seeking shareholder approval for raising up to Rs 1,000 crore through issue of equity shares, depository receipts and appropriate securities. (DNA)

GMR Looking To Buyout Partners In Airports - The GMR Group is willing to buy stakes held by minority partners in all the three airports it operates if there is any such offer. IDFC Private Equity, which had 3.9% stake in the New Delhi Airport and later swapped equity for GMR Infra stake. The GMR Group operates two international airports in India (New Delhi and Hyderabad) and one in Turkey (the Sabiha Gokcen International Airport, Istanbul).

GM, Mitsubishi Eye Hindustan Motors Stake - GM, Mitsubishi, and Isuzu Motors are eyeing a stake in Hindustan Motors and are exploring possible asset buy out plans. Hindustan Motors' Thiruvallur plant is the likely asset buy option. The plant has a manufacturing capacity of 12,000 vehicles per annum. Hindustan Motors has been reported to the Board for Industrial and Financial Reconstruction (BIFR) on networth erosion. (Moneycontrol)

Ashoka Buildcon Plans Rs 225 Cr IPO - Ashoka Buildcon Ltd has filed a Draft Red Herring Prospectus for an Initial Public Offering of Rs. 225 crores to the public and a reservation of Rs. 4.50 crore for employees.  The IDFC Private Equity-backed infrastructure company operates one of the highest numbers of toll-based BOT projects in India. (ET)

BSE Sets Up Settlement Arm - The Bombay Stock Exchange (BSE) has created a separate company, called Indian Clearing Corporation (ICC), the structure of which will be similar to what National Stock Exchange (NSE) has. While ICC will be a fully-owned subsidiary, the BSE management has said that the 51:49 partnership with Bank of India (BoI) for clearing and settlement-related services will continue in its present form. (BS)


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