Company                            Sector                 Deal Type       Deal Size       Second Party

Omimex de Colombia             Oil & Gas             StakeSale          $Mln 800.00      OVL, and Sinopec

Santa Fe De Bogota, Colombia                               8/15/06             Rs Cr                  3700.00
 

ONGC Videsh (OVL), the overseas subsidiary of the state-owned largest Indian company Oil and Natural Gas Corporation Ltd. (ONGC), and Chinese firm Sinopec, a vertically integrated energy and chemical company will jointly acquire 50% stake in Columbian oil firm Omimex de Columbia for $800 million, with each taking a 25% stake in the company. The deal is expected to get India 1 million tonnes of oil every year. Omimex de Colombia is currently a 100% subsidiary of U.S.-based exploration and production company Omimex Resources.

Matrix Laboratories Ltd.    Pharmaceuticals       M&A      $Mln 736.00   Mylan Laboratories Inc.

Secunderabad                                                          8/28/06   Rs Cr 3,400.0
www.matrixlabsindia.com

Canonsburg, PA-based company Mylan Laboratories Inc., involved in Development, manufacture and marketing of generic and branded products has announced acquiring 71.5% stake of an Indian listed company Matrix Laboratories Ltd., engaged in the manufacture of Active Pharmaceutical Ingredients (APIs) and Solid Oral Dosage Forms in a $736 million deal. Mylan will make this purchase at $6.6 (Rs. 306) per share. Mylan will buy 51.5% stake in Matrix under an agreement with certain selling shareholders, and will make an open offer to the remaining shareholders for another 20% stake in the company. The total purchase price will be $736 million, if the open offer is fully subscribed. Mylan has clarified that Matrix will remain a public-listed company in India and will continue to operate on an independent basis. The deal has valued Matrix Labs at $1.03 billion.

Energy Brands Inc.      Food & Beverages     StakeSale  $Mln 677.00   Tata Sons Ltd. & Tata Tea Ltd.

 New York                    ->  Bottled Water            8/23/06       Rs Cr 3,150.0
www.glaceau.com

Tata Group, India’s largest industrial conglomerate, has purchased 30% stake in Energy Brands Inc. of the U.S. Tata Group has made the $667 million deal—the largest in size by any private sector Indian company—through the group holding company Tata Sons Ltd. and Tata Tea Ltd, the second largest tea manufacturer of India. Energy Brands sells its flavoured water bottles enhanced with electrolytes and other nutrients in three varieties under the Glacèau name—Fruitwater, Smartwater, and Vitaminwater. The Tata deal has valued the unlisted company Energy Brands at $2.25 billion. Tata Tea’s subsidiary and India’s largest coffee growing company Tata Coffee Ltd had bought Eight O'clock Coffee Co., the third largest retail coffee brand in the U.S. for $220 million earlier in June this year. Tata Tea had also acquired the U.K.'s Tetley for $407 million in 2000.

Lord Krishna Bank             Banking              M&A                $Mln   64.50   Centurion Bank of Punjab

Kaloor Kochi, Kerala                                      8/21/06              Rs Cr 300.00
www.lordkrishnabank.com     

Centurion Bank of Punjab, a private sector Indian bank owned by the private equity fund started by Sabre Capital, has announced its decision to acquire Kerala-based privately held Lord Krishna Bank. Although Centurian Bank of Punjab or Lord Krishna Bank haven’t disclosed the deal amount, market sources estimate the value at about $64.5 million (Rs. 300 crore). The financial details are expected to be finalised in the board meeting of Centurion Bank of Punjab on September 04, 2006. The merger of Centurion Bank and Bank of Punjab in October 2005 created Centurion Bank of Punjab, which currently has 249 branches. Lord Krishna Bank has a network of 112 Branches. Mohan Puri, the current promoter of Lord Krishna Bank owned 65%, while the Burnam family of Dabur, Indian producer of Ayurvedic herbal products also has a stake in it.

JV of Rexam & HTW           Packaging                 JV                    $Mln   13.20   Rexam Plc

Mumbai                             ->  Beverage Can            8/21/06             Rs Cr  61.00
www.hindustantin.biz

Rexam Plc, the world's biggest beverage can maker, has announced forming a joint venture with Delhi-based Hindustan Tin Works (HTW) to start up a beverage can plant. Rexam will have the majority stake in the joint venture with HTW and make cash investment of £7 million ($13.2 million or Rs. 61 crore). The beverage can plant located near Mumbai is expected to commence production in the last quarter of 2006, and will focus primarily on the beer market.

Truepack                           Packaging                 M&A                $Mln     9.40   Rexam Plc

Bangalore                         ->  Pharmaceutical     8/21/06               Rs Cr  44.00
                                           Packaging

Rexam Plc, the world's biggest beverage can maker, has announced acquiring an Indian pharmaceutical packaging company Truepack for £5 million ($9.4 million or Rs. 44 crore). Truepack is a manufacturer of primary packaging in plastics for the pharmaceutical industry. Truepack produces eye, ear and oral dropper bottles, nasal spray bottles as well as tamper evident closure systems at its manufacturing site at Bangalore, the capital city of the south Indian state of Karnataka.
The company had sales of $3.8 (Rs. 17.5 crore) during the financial year ended March 2006. It has recently been granted approvals by U.S. authorities to export a number of its products into the U.S. market.