Dhanlaxmi Bank to raise funds for expansion. According to its latest plan, Dhanlaxmi Bank will raise capital through the flotation of 8. 5 million shares amounting to raise Rs 200 crore with the issue.
Sectors
Railway Project Stirs Investor Interest
Wenzhou Railway Project garners great interest from investors. The railway infrastructure project located at Wenzhou, Zheijang province has attracted investors from all over the world.
Investcorp Gets US$1 billion in assets
Bahrain based Investcorp claims recovery from recession. Investcorp of Bahrain is on an expansion quest in the Gulf region, choosing to be closer to home compared to previous thrusts into Asia and Africa for new business and ventures.
ARA to Increase Assets through Property Fund Boost
ARA to go on acquisitions spree to boost private equity funding. The manager of real estate trusts owned in part by billionaire Li Ka-shing is planning to double its asset portfolio in the next five years.
British Land for New Investments to Raise US$745 million
GBP500 million to be raised by British Land for new investment opportunities. British Land said that it intends to raise GBP 500 million or US$745. 02 million from its shareholders in order to fund new investment opportunities.
Latest News
Phuong Tay merges with PVFC as ordered by the Vietnamese Central Bank. In compliance with the Vietnamese central bank's goals to restructure lending institutions saddled with debt, Phuong Tay Bank is planning to merge with Petrovietnam Finance Corp.
RWE to sell its oil and gas unit with the help of Goldman Sachs. The second largest utilities provider in Germany, RWE has engaged the services of Goldman Sachs to oversee the sale DEA, its oil and gas exploration unit.
Commerzbank's property portfolio up for grabs. The sale of Commerzbank has created a buzz within the industry, making many private equity firms and property lenders to stand up and take notice.
HP purchase of Autonomy now under investigation by the US and UK regulators. Technology giant Hewlett Packard has told BBC that the Serious Fraud Office of the UK is currently investigating the activities of Autonomy.
Advent Software Inc, an accounting software company, is exploring a sale and has hired Frank Quattrone's investment bank Qatalyst Partners to lead the effort
Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Renesas is to decide whether to sell off or continue with its mobile chip building unit. The Renesas Electronics Corp is at a crossroads for fiscal year 2013 on whether to sell its ailing mobile chip building unit or not.
Two separate suits granted class action status against the US government by AIG shareholders. Two separate groups of shareholders have been granted class action status from a US Federal Court judge.
The new owner of Hostess Brands Inc's snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
