JPM, London fund invest $20 million in Dubai e-commerce firm

JPM, London fund invest $20 million in Dubai e-commerce firm

Reuters 26 September 2012 J.P. Morgan Chase (JPM.N) and Blakeney Management have invested over $20 million (12.36 million pounds) in a Dubai-based e-commerce firm which sells designer clothing, a sign that global investors are interested in the Middle East’s...

IDFC Alternatives invests Rs 155 cr in Parag Milk Foods

Business Standard 18 September 2012 In an effort to pick up “substantial minority stake” in Pune-based Parag Milk Foods Private Limited, IDFC Private Equity Fund III, managed and advised by the Private Equity (PE) group of IDFC Alternatives Limited has...

Tech Mahindra buys 51% stake in Comviva

Business Standard 18 September 2012 Tech Mahindra, on Monday announced the acquisition of 51 per cent stake in mobile value-added services (VAS) provider Comviva Technologies, a Bharti Group company, for Rs 260 crore. The acquisition is expected to shore Tech...