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News Roundup: Trivitron In Talks For 10-20M Acquisitions In Europe

25 November, 2011

Trivitron In Talks For €10-20 million Acquisitions In Europe– Medical devices and technolo gies company Trivitron Healthcare expects to acquire a €10-20 million European medical devices company in the next six months. G.S.K Velu, manag ing director of Trivitron group of compa nies, said the firm is in talks with the European firm. Trivitron is backed by investors like ePlanet Capital and Headland Capital.

Edelweiss, Indostar Lend To Realty Firms – Indostar Capital Finance Ltd has lent Rs 50 crore to Mumbai-based developer Mighty Group for it to partly repay an earlier Rs 50 crore loan taken from Edelweiss Capital, another NBFC. Edelweiss, on its part, has syndicated loans of Rs 170 crore for two realty firms in Mumbai. Mighty Group will use Rs 40 crore to repay Edelweiss and the remaining money will be used for a new project.

Mahindra Eyes More Korean Assets – The Mahindra Group on Thursday said it is open to more acquisitions in South Korea as it is keen to deepen its engagement with that market where it has presence in the automobile space. The company will look at opportunities particularly in implements, farm equipments, and technology. (Mint)

Ybrant Eyes Acquisition Of Content Firms – As it begins the process to integrate LGS Global into the group, Ybrant Digital is on the look out to buy a content firm, such as Lycos, which can attract Internet traffic. It is evaluating a few targets for the acquisition. Ybrant, which acquired seven firms so far in the last five years, raised about $100 million in equity and debt from private equity funds. (Business Line)

L&T Infra To Raise Rs 1,100Cr From Tax Bonds – L&T Infrastructure, the infrastructure-financing arm of L&T Financial Holdings, will be looking to raise a total of Rs 1,100 crore via issue of tax-saving infrastructure bonds. These bonds will be offered at a coupon of nine per cent on a yearly as well as cumulative basis and will have a buyback option after five and seven years. (Business Standard)

Tatas To Infuse Rs 500Cr In Realty Arm – Tata Sons will infuse Rs 500 crore into the group’s real estate arm, Tata Housing Development Company, through a fresh issue of equity shares. The process to issue equity shares to the parent is expected to start in the next couple of weeks with an aim to complete it by the end of current fiscal year. Currently, Tata Sons holds 99.78% of equity share capital of Tata Housing that was set up in 1984. (Economic Times)


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News Roundup: Trivitron In Talks For 10-20M Acquisitions In Europe

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