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Essar Oil to sign fuel-for-cash deal with China Development Bank

Essar Oil to sign fuel-for-cash deal with China Development Bank

May 21, 2013 | Asia, China, East Asia, India, News, South & Central Asia

Financial Times 20 May 2013 India’s Essar Oil, a division of London-listed Essar Energy, is set to announce an unusual debt financing deal with state-run China Development Bank, in a further sign of deepening financial ties between Asia’s two largest emerging...
Travel media firm Skift raises $1.1M in seed funding led by Lerer Ventures

Travel media firm Skift raises $1.1M in seed funding led by Lerer Ventures

May 20, 2013 | India, News, North America, South & Central Asia

VC Circle 15 May 2013 With this round of funding, the total amount raised by the company exceeds $1.5 million. Skift, a New York-based travel intelligence media company that offers news, insight, data, tools and services to the travel industry and also caters to...
Nalanda Capital buys around 8% stake in auto ancillary firm NRB Bearings

Nalanda Capital buys around 8% stake in auto ancillary firm NRB Bearings

May 20, 2013 | India, News, South & Central Asia, Southeast Asia

VC Circle 17 May 2013 Singapore-based private equity firm Nalanda Capital has picked up nearly 8 per cent stake in auto ancillary firm NRB Bearings through a deal on Thursday. Nalanda India Equity Fund acquired 7.96 per cent stake in the company for Rs 27.02 crore....
Local search engine Just Dial’s Rs 950-cr IPO opens tomorrow

Local search engine Just Dial’s Rs 950-cr IPO opens tomorrow

May 20, 2013 | India, News, South & Central Asia

Business Standard 19 May 2013 The estimated Rs 950-crore IPO of local search engine Just Dial will begin tomorrow and is one of the largest initial public offers by an Indian Internet company. The IPO, which does not have issue of fresh shares, would see promoters...

Bharti suggested to sell tower asset in Africa to Infratel

May 20, 2013 | Africa, India, News, South & Central Asia

Business Standard 17 May 2013 Investment bankers have suggested that Bharti Airtel’s top management hive off the company’s African telecom tower assets into a separate company and then sell it to its listed subsidiary, Bharti Infratel, at a valuation of $2...

Morgan Stanley to sell India wealth management unit to StanChart

May 20, 2013 | India, News, South & Central Asia

Business Standard 20 May 2013 (Reuters) Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed. “Morgan Stanley will work closely with Standard...
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