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News Roundup: Xander eyes 35% stake in Indiabulls arm for Rs 800Cr

31 October, 2012

Xander eyes 35% stake in Indiabulls arm for Rs 800Cr: Global Investment firm Xander Group is in talks with Indiabulls Real Estate to buy 35% stake in the latter’s arm Indiabulls InfraEstate for around Rs 800 crore, said a person involved in the talks.Indiabulls InfraEstate owns two parcels of land in Worli area of Mumbai_ Bharat Textile Mills and Poddar Mills_which together have over 10.6 acres of land. Indiabulls Real Estate is developing its Bleu project on this land. (Business Standard)

Inopen to raise Rs 20Cr of VC fund: Inopen, an educational start-up which focuses on developing high quality academic content for computer science education, is planning to raise Rs 20 crore of venture capital (VC) funds. The company, which started in 2009 by Rupesh Shah and IIT Bombay’s professor Sridhar Iyer has raised seed funding of around $500,000 from Ventureast Tenet Fund. It is understood that the company is in touch with some leading VC which have interests in education and funds around $2 million to $5 million in funding. (Business Standard)

Malaysia Airports to buy stake in KGS Aranmula Intl Airport: Malaysian government-owned Malaysia Airports Holdings Berhad and the Kerala government are looking at taking a stake in KGS Aranmula International Airport Ltd, which is being developed by the Anil Ambani-backed KGS Group. (Business Standard)

Birlas close to majority stake in Living Media: The Aditya Birla group is close to taking a majority 51 per cent stake in Aroon Purie’s Living Media, which acts as a holding company and also owns 57.46 per cent in TV Today Network, the listed company that controls the group’s broadcasting assets such as Aaj Tak and Headlines Today. It also publishes a host of magazines that include the flagship India Today. (Business Standard)

Courtesy: VCCEdge


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News Roundup: Xander eyes 35% stake in Indiabulls arm for Rs 800Cr

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