Piramal has the option to sell off its shareholdings in Vodafone India either through an IPO or a first offer to the telecommunications company.
Sectors
uParts Signs US$2M Financing from GRP and Fraser
uParts signs a US$2 million financing deal from GRP and Fraser uParts, Inc disclosed the conclusion of its Series A investment round, headed by GRP Partners and Fraser McCombs Capital plus the participation of other prominent personalities in the automotive industry.
DNA Owners Seek US$1.3B for Bids
DNA seeks an estimated US$1.3 billion as an acceptable bid for its company. According to a report from Reuters, the Finland-based mobile phone operator, DNA, together with its financial consultants UBS opened the sale of the company that may value estimated above EUR1 billion or US$1.
Chang Hwa to raise one billion yuan denominated bond sale
Chang Hwa Bank to introduce three year bond worth at least one billion yuan. Chang Hwa Bank would raise 1 billion yuan or US$163. 11 million through a yuan denominated bond sale.
Kazakhatan to Issue New Eurobond
Kazakhstan to issue new Eurobond. Kazakhstan would be returning to global bond markets with a debt issuance expected to reach US$1 billion. The oil-rich Eastern European country has invited banks for management applications of the deal, according to Finance Minister Bolat Zhamishev.
Latest News
Discussions with investors for Sunday People have bogged down without any final agreement. Talks with investors to purchase Sunday People from Trinity Mirror ended, thus shelving plans to make the British tabloid into a new look newspaper.
Greece's Marfin Investment Group is set to raise funds through a convertible bond issue in two tranches.
Boot Barn purchases costumes and work wear. The favorite retailer of western and workwear has finalized an agreement to purchase the stores of Baskins.
Paladin and Ascent contributes to PerspecSys. PerspecSys Inc, one of the foremost cloud data protection solution providers, has announced it has raised US$12 million in funding.
Caplinked raised US$3.7 Million for the series A capital round. CapLinked, the platform utilizing cloud based technology that allows business transactions to be done simply and securely, has announced that additional investors have been included in the latest results of its Series A financing round.
Spectrum invests in Extreme Reach for US$50 million. In an announcement today by Extreme Reach, it disclosed the significant venture the company is undertaking with Spectrum Equity.
Warburg Pincus to sell of shareholdings in Webster Financials. Webster Financial Corporation, the holdings firm for Webster Bank NA, had announced the pricing for the underwritten secondary offering by Warburg Pincus Private Equity X LP of a total volume of 8,744,850 shares.
AvantCredit gets loan infusion from Victory Capital. The asset executive firm, Victory Park Capital, disclosed that it granted AvantCredit a US$25 million credit facility.
Klockner Penteplast's recapitalization has been completed. The Strategic Value Partners, LLC made public today that the Klockner Pentaplast's holding company, which was purchased in June 2012 through recapitalization by assembly of investors headed by SVP Global, has concluded a refinancing transaction.
