*The company plans to raise the fund by selling existing and fresh equity shares.*
*IL&FS To Raise $300M Through Share Sale *- Infrastructure Leasing and Financial Services Ltd (IL&FS), one of India's leading infrastructure development and finance companies, is looking at raising about $300 million. The company plans to raise the fund by selling existing and fresh equity shares. In this process, the company will sell a portion of its employee welfare trust holding in addition to issuing new shares that will see a dilution of 10% equity stake of the company. (Mint<http://www.livemint.com/2010/04/18225357/ILampFS-plans-stake-sale-to.html?h=B> ) *Sical Logistics To Sell 27% Stake To JV Partner *- Sical Logistics Ltd, a Chennai-based provider of integrated multi-model logistics services, is selling its 27% stake in a new container handling facility at Chennai port to its joint venture partner, PSA International Pte Ltd. The financial details of the transaction could not be ascertained. The proceeds will be utilised by its parent company AC Muthiah group to restructure its debt-ridden fertilizer firm Southern Petrochemical Industries Corp Ltd (Spic). A venture between PSA and Sical had invested around Rs 600 crore to build the new facility, which it will operate for 30 years. (Mint<http://www.livemint.com/2010/04/18211021/Sical-Logistics-to-sell-its-st.html> ) *GCPL Likely To Buy Firm In Argentina *- Continuing its global expansions through acquisitions, FMCG major Godrej Consumer Products (GCPL) is looking at possible buys in Latin America. GCPL is believed to be in talks with Issue Group Co, a company in Argentina, which is engaged in hair color business. If the deal goes through, it would be GCPL’s sixth acquisition in the last two years. Earlier, the firm has bought firms like Rapidol, Kinky, and Tura in Africa and Megasari in Indonesia. (ToI<http://timesofindia.indiatimes.com/biz/india-business/Godrej-Consumer-in-talks-to-buy-co-in-Argentina/articleshow/5829398.cms> ) *Unitech Launches Rs 300Cr Fund *- Unitech Group, India’s second largest developer, has launched a Rs 300-crore venture capital fund to raise funds for its slum redevelopment projects in Mumbai. Called Mumbai Redevelopment Fund I, the fund is targeting Rs 200 crore initially, with a greenshoe option of another Rs 100 crore. The fund is expected to close within the next two months. The company is also planning to launch a similar fund for Mumbai redevelopment projects. (BS<http://www.business-standard.com/india/news/unitech-floats-rs-300-crore-mumbai-redevelopment-fund/392347/> ) *GMR Infrastructure To Divest Non-power Portfolio *- GMR Infrastructure Ltd, one of India’s leading infrastructure companies, is planning to restructure the portfolio of its energy vertical. The company is planning to transform GMR Energy into a pure energy subsidiary. It currently handles the power generation business of GMR and has built a varied portfolio within the segment with interests in thermal, gas and hydro-power generation. (DNA<http://www.dnaindia.com/money/report_gmr> ) *JSW Steel To buy Stake In Bramhani Industries *- JSW Steel Ltd, India's third largest steelmaker based in Mumbai, is looking to buy a controlling stake in Bramhani Industries Ltd (BIL), a company floated by Karnataka tourism minister G Janardhan Reddy. Bramhani has been working on setting up an integrated steel plant in Kadapa, with a total production capcity of 4 million tonne. JSW Steel is doing due diligence for the buy. (DNA<http://www.dnaindia.com/money/report_jsw-in-talks-with-reddy-brothers-to-buy-bramhani_1372972> ) -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
