| Company |
Sector |
Deal Type |
Deal Size |
Second Party |
|
| Jagran Prakashan Ltd. |
Media |
Public Issue |
$ Mln
72.60 |
|
| Kanpur, U.P. |
-> Daily Newspaper |
1/25/06 |
Rs Cr 321.25 |
|
| www.jagran.com |
, |
|
|
|
| Description: Jagran Prakashan is the publishers of "Dainik Jagran", India's largest selling Hindi daily. The issue of 10.04 mln shares was subscribed 14.2 times. The initial public offering (IPO) was open from January 25, 2006 to January 31, 2006 for bidding in the
price range of Rs.270-Rs.324 ($6.10-$7.32). The lead managers of the Issue are DSP Merill Lynch Ltd. and ICICI Securities Ltd. Irish company Independent News & Media holds 26% stake in Jagran Prakashan. |
|
| Inox Leisure Ltd. |
Media |
Public Issue |
$ Mln
44.70 |
|
| Mumbai |
-> Chain of multiplexes |
1/27/06 |
Rs Cr 198.00 |
|
| www.inoxmovies.com |
|
|
|
|
| Description: The IPO of 16.5 mln equity shares consisting a fresh issue of 12 mln equity shares was subscribed 49.6 times. The net issue to public will constitute 27.17% of the fully diluted post issue paid up capital of the company. Lead manager to
issue is ENAM Financial Consultants Pvt. Ltd. |
|
Entertainment Network (India) Ltd.
|
Media |
Public Issue |
$ Mln
43.90 |
|
| Mumbai |
-> FM Radio |
1/23/06 |
Rs Cr 194.40 |
|
www.radiomirchi.com |
|
|
|
|
| Description: ENIL, promoted by Bennett, Coleman & Co. Ltd and Times Infotainment Media Ltd, issued 12 mln equity shares of the face value of Rs. 10 ($0.23) each at the price of Rs. 162 ($3.66) per share. The issue was lead managed by JM Morgan Stanley
Private Ltd. and ENAM Financial Consultants Private Ltd. |
|
| Radio Today (Red FM) |
Media |
M&A |
$ Mln
23.50 |
NDTV, Astro and Value Labs |
| Delhi, Mumbai, Kolkata |
-> FM Radio |
1/5/06 |
Rs Cr 100.00 |
|
| |
|
|
|
|
Description: A Consortium of Hyderabad-based IT company Value Labs, Malayasian broadcaster Astro and NDTV News, a subsidiary of NDTV, has announced acquisition of Radio Today (Mumbai) Broadcasting Ltd, Radio Today (Delhi) Broadcasting Ltd and
Radio Today (Calcutta) from Living Media Group. The three Radio Today companies hold licenses for broadcasting FM Radio in Mumbai, Delhi and Kolkata respectively, operating under the brand name Red FM. Astro is believed to have taken
20% stake that is the maximum limit of foreign investment in FM Radio. A similar stake has been given to NDTV, while Value Labs is the majority stake holder in the consortium. |
|
| ImpulseSoft Private Limited |
IT |
M&A |
$ Mln
15.00 |
SiRF Technology Holdings, Inc |
| Bangalore |
-> Bluetooth stereo solutions |
1/26/06 |
Rs Cr 67.50 |
|
| www.impulsesoft.com |
-> Embedded software
|
|
|
|
| Description: Nasdaq listed SiRF Technologies has acquired ImpulseSoft in a cash-and-stock deal. The $2 million firm ImpulseSoft that develops Bluetooth solutions for a range of handheld devices, has an employee-base of 55. ImpulseSoft was angel-funded by
Infosys co-founder N.S. Raghavan. |
|
| Radio Mid Day West (India) Pvt. Ltd. |
Media |
StakeSale |
$ Mln
9.45 |
BBC Worldwide Holdings and Rakesh Jhunjhunwala
|
| Mumbai |
-> FM Radio |
1/3/06 |
Rs Cr 41.85 |
|
| www.middaymultimedia.com |
|
|
|
|
| Description: BBC Worldwide Holdings invested Rs. 31.85 crore ($7.2 mln) for a 17.5% stake in Radi Mid Day. Billionaire individual investor Rakesh Jhunjhunwala and his partnership firm Rare Enterprises have also invested Rs. 10 crore ($2.26 mln). |
|
| Global Broadcast News |
Telecom |
Funding |
$ Mln
9.00 |
IL&FS Investment Managers Ltd (IIML) |
| Delhi |
-> TV News Channel |
1/18/06 |
Rs Cr 40.00 |
|
| www.ibnlive.com |
|
|
|
|
| Description: IL&FS has announced the conclusion of a private equity-financing round through its Leverage India Fund for CNN-IBN, the 24-hour news channel launched by Global Broadcast News that has a co-branding agreement with Turner International. |
|
| Bowne & Co. ( EDS business) |
IT |
Unit Sale |
$ Mln 6.00 |
Integreon, Mumbai |
| New York |
-> BPO , Legal Process Outsourcing |
1/25/06 |
Rs Cr 26.00 |
|
| www.bowne.com |
-> Financial and digital printing |
|
|
|
| Description: Intergreon has acquired electronic discovery services (EDS) business of Bowne, but the deal involves no cash outflow for the acquisition as the deal has been structured with a back-end processing work from Bowne to Integreon, resulting some additional revenues for Integreon. |
|
| Verismo Networks |
IT |
Funding |
$ Mln
2.50 |
Prakash Bhalerao, Angel Investor |
| California & Bangalore |
-> Network Integration |
1/24/06 |
Rs Cr 11.00 |
|
| www.verismonetworks.com |
-> Media technologies |
|
|
|
| Description: Verismo Networks, a Silicon Valley Start-up, has received an investment of $2.5 mln from angel investor and entreprenure Prakash Bhalerao, who takes over as Chairman and CEO of Verismo. |
|
| Synergy Login Systems Ltd |
IT |
M&A |
$ Mln 1.60 |
Globsyn Technologies Limited, Kolkata |
| Chennai |
-> Banking software product |
1/12/06 |
Rs Cr 7.05 |
|
| www.synlog.net |
|
|
|
|
| Description: Globsyn acquired BSE-listed Synergy Login in a cash-cum-stock deal valued at Rs 7.05 crore ($1.6 mln) of which Rs 6.15 crore ($1.4 mln) was acquired in stocks. |
|
| Yatra Online |
Telecom |
Funding |
N/A |
Reliance Capital, NWP, TV18 |
| Mumbai |
-> Online Travel Services |
1/11/06 |
|
|
| www.yatra.in |
|
|
|
|
| Description: Reliance Capital, the financial services company of Anil Dhirubhai Ambani Group, venture capital firm Norwest Venture Partners promoted by Pramod Haque, and India's business broadcaster Television 18 (TV18) group has formed a consortium to provide initial funding to Yatra Online, a start-up founded by non-resident Indians Dhruv Shringi and Manish Amin, who most recently helped build and manage European online travel business Ebookers Plc, which was recently acquired by Cendant Corp. for $410 million. |
|
| Infobyte International WLL |
IT |
M&A |
N/A |
Aurionpro Solutions Ltd, Mumbai |
| Bahrain |
-> Software consulting & services |
1/23/06 |
|
|
| |
|
|
|
|
| Description: Aurionpro has announced the acquisition of Infobyte for an undisclosed amount. According to Bahrain Business Directory on the website of an autonomous semi-private agency EDB, Infobyte has an employee-base in the range of 11-19. |
|
| 5by5 Networks Inc. |
IT |
M&A |
N/A |
Servion Global Solutions |
| California |
-> Contact center solution |
1/19/06 |
|
|
| www.5by5networks.com |
-> CIM solutions |
|
|
|
| Description: Servion Global acquired 5by5 Network in a cash deal partly funded by the money raised through its private equity by TDA.Venture capital firms Athenian Venture Partners and GMG Capital Partners had invested $22.5 million in 5by5 Networks. |
|
| Tata Interactive Systems |
IT |
M&A |
N/A |
Tertia group, Germany |
| Mumbai |
-> e-learning |
1/9/06 |
|
|
| www.tatainteractive.com |
|
|
|
|
| Description: Tata Interactive acquired Tertia Edusoft AG in Switzerland and Tertia Edusoft Gmbh in Germany from the Tertia Group. |
|
| Issue Announcements |
| Company |
Sector |
Deal Type |
Deal Size |
Second Party |
|
| Tanla Solutions Limited |
IT |
Public Issue |
$ Mln 56.50 |
SBI Capital markets Ltd |
| Hyderabad |
->Software Development |
1/1/06 |
Rs Cr 250.00 |
|
| www.tanlasolutions.com |
-> Telecom signaling solutions |
|
|
|
| Description: Company has planned a public issue of 15.88 mln equity shares of Rs.2 ($0.05) each. Tanla Solutions, a wireless communications software product company, has a development centre in Hyderabad, and a marketing office in U.K. It claims to be India's first company to make SMSC and VMS indigenously in India, which has been deployed with clients such as Reliance, BPL, Hexacom, Aircel and Essar. |
|
| Prime Focus Ltd |
Media |
Public Issue |
$ Mln 22.60 |
Centrum Capital Ltd |
| Mumbai |
-> Digital production facilities |
1/17/06 |
Rs Cr 100.00 |
|
| www.primefocus.co.in |
|
|
|
|
| Description: Company has an ambitious expansion plan to set up high-end digital studios at Los Angeles, London and Dubai and expand its domestic operations. Its existing investors include Reliance Capital, Adlabs Films and billionaire individual investor Rakesh Jhunjhunwala. |
|
| Ken Software Technologies |
IT |
Public Issue |
$ Mln 2.10 |
Aryaman Financial Services Ltd |
| Mumbai |
->Software |
10/28/05 |
Rs Cr 9.45 |
|
| www.keninfo.com |
-> Broadband, NLD, |
|
|
|
| Description: Ken Software wants to set up a development centre utilizing the money raised through the public issue of 6.3 mln equity shares of Rs.10 ($0.23) each for cash at a premium of Rs.5 ($0.11) per share. |
|
