Srini Raju willing to invest in DCHL: Venture capitalist C. Srinivasa Raju said on Monday that he was willing to invest in Deccan Chronicles Holdings Ltd (DCHL) at the “right price”, as the debt-laden newspaper publisher fights to overcome a financial crisis.Raju, better known as Srini Raju, said he had been in touch with the management and creditors of Hyderabad-based DCHL and had received indications from the lenders that the publisher would seek a stake buyer once the sale of its Indian Premier League (IPL) team Deccan Chargers is completed. (Mint)
Billionaire Chandra said to seek $500M- Corporate India: Indian billionaire Subhash Chandra’s Essel Group is seeking to raise as much as $500 million to fund expansion and pay debt at some of its companies, said two people with knowledge of the matter.Essel joins Indian media companies including Network 18 Group and Living Media India Pvt. in seeking capital. Essel has approached private equity firms, the person said. Dish TV, India’s biggest provider of direct-to-home services, and Siti Cable are expanding as the nation makes digital television services mandatory. (Bloomberg)
We may make multiple buyouts and will continue to do so- S D Shibulal: After keeping everyone guessing for quite some time, Infosys Ltd has expressed its intent to make a strategic buyout in continental Europe. The Bangalore-based company has announced it will acquire Zurich-based Lodestone Consulting for around $345 million (Rs 1,910 crore). (Business Standard)
IVRCL to raise Rs4,00Cr via stake sale: Amid challenges pertaining to halted execution of projects, infrastructure company IVRCL is looking to rejig business with more focus on EPC (engineering, procurement and construction) projects and also hopes to better revenues from international divisions in the long term. But to begin with, the infrastructure player would sell stake in three BOT (build, operate and transfer) projects to raise over Rs 400 crore by March 2013.
Mahindra, European company discuss auto component stake: M&M is open to having cross holding of equity in the European company in return of selling of shares in Mahindra Systech. Mahindra Systech, the component making division of the Rs 85,000-crore Mahindra & Mahindra (M&M) group is in talks with a large European automobile parts making firm for a strategic stake sale in this organisation. (Business Standard)
Mahindra to merge IT cos, TechM?: Anand Mahindra plans to merge the information technology businesses of his $15-billion group under the Mahindra Satyam-Tech Mahindra combine, or allow the smaller entities to explore strategic options including sale or merger with an outside entity. This would entail Bristlecone and Mahindra Engineering Services to come under Tech Mahindra or chart an independent course. (Economic Times)