ONGC Eyes Exxon Stake In Angolan Field - India’s largest explorer, Oil & Natural Gas Corp, or ONGC, is negotiating with global energy giant ExxonMobil’s Angolan arm to buy its 25% stake in an oil field for about $2 billion. ONGC Videsh, or OVL, its subsidiary tasked with acquiring oil and gas assets outside India, would put in a bid. (Economic Times)
Wipro Eyes Tokyo Listing - Wipro, India's third software exporter, is eyeing listing in the Japanese market as it eyes the the world's second largest IT market after the US. The plan is to list on Tokyo Stock Exchange in the next 2-3 years. Wipro is currently listed on BSE, NSE and NYSE.
Unitech Infra To List By End of Fiscal - The country's second largest realty firm Unitech is planning to list its new infrastructure entity, Unitech Infra, by the end of this fiscal. The demerger process of the infrastructure businesses, including telecom venture, into a new entity would be completed by December 2010. Unitech Infra will be listed on Bombay Stock Exchange and National Stock Exchange in the first quarter of 2011 calender year. (Business Standard)
Cox & Kings In Talks With Two International Players For Buys - In a bid to acquire a larger footprint and grow its business, travel and tours operator Cox & Kings is eyeing acquisitions and is in talks with two international players. (BS)
HCC Infra IPO In 2-3 Years - HCC Infrastructure said it plans to augment its turnover to Rs 20,000 crore in the next three to four years from Rs 5,500 crore at present, following which it will hit the capital market with an initial share offer. HCC Infrastructure recently bagged a contract worth almost Rs 3,000 crore for four-laning of NH-34 between Berhampur and Dakhola in West Bengal. (BS)
DFJ Plans India Fund In 2-3 Years - Venture capital firm Draper Fisher Jurvetson (DFJ) proposes to launch an India-specific fund over the next two to three years to invest in clean technology and consumer media companies. The proposed fund would be in the range of $100-150 million. DFJ is also currently evaluating two more proposals in the clean tech segment. (HinduBusinessLine)
IHC, Morgan Stanley In Fray For Noodle Bar Chain - India Hospitality Corporation, besides Morgan Stanley's private equity fund, is bidding to takeover noodle bar chain Wagamama. IHC is understood to be one of three bidders still in the hunt to buy Wagamama, alongside Morgan Stanley''s private equity unit and Investcorp, the Middle-eastern buyout group. (PTI)
Jasper In Talks For Second Round Funding - New Delhi-based Jasper Infotech, a multi-channel direct marketing platforms company, is now in talks with a group of foreign institutional investors to raise more funds within the present financial year itself to fund its various expansion plans. It has earlier raised funding from venture capital firm IndoUS Venture Partners. (Financial Chronicle)
BSFL To Raise Rs 250Cr Funding - Microfinance major BASIX Group's flagship company Bhartiya Samruddhi Finance Ltd today said it will raise up to Rs 250 crore by selling stakes to a clutch of private equity (PE) players. The company is raising funds to meet its capital needs to finance its business expansion plans. (ET)
