*hadeed Iron & Steel has a 1.6-million tonne gas-based factory that makes sponge iron.*
*JSPL To Acquire Shadeed Iron & Steel In Oman *- Jindal Steel & Power Ltd (JSPL), part of diversified Jindal Group, is acquiring Oman-based Shadeed Iron & Steel for a consideration of around $500 million. Shadeed Iron & Steel is owned by Abu Dhabi’s Al Ghaith Holdings PJSC and has a 1.6-million tonne gas-based factory that makes sponge iron, which are used in steel-making at Sohar in Oman. Jindal Steel has already signed an MoU with Shadeed, and will fund the acquisition through a mix of internal accruals and debt. (ET<http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/steel/JSPL-to-buy-Omans-Shadeed-Iron/articleshow/5874654.cms> ) *Kotak Realty Fund To Invest Rs 150Cr In Mumbai Project *- Kotak Realty Fund, the real estate-focused private equity (PE) fund of Kotak Mahindra Group, has invested Rs150 crore in Dheeraj Insignia, a residential project launched by Dheeraj Realty in Mumbai. Dheeraj Insignia is located in Bandra East, close to the Bandra Kurla complex (BKC), a business hub in Mumbai. Recently, VCCircle has reported that the PE arm of Kotak has also lined up an exit plan for at least five of its portfolio companies this year through strategic stake sale. (Mint<http://www.vccircle.com/500/news/kotak-pe-eyes-exits-in-5-portfolio-firms> ) *HT Media To Raise Rs 300Cr In IPO *- Hindustan Media Ventures Ltd, a New Delhi-based media group with presence in print as well as electronic space with an FM radio station, is planning to raise Rs 300 crore through an initial pubic offer (IPO) to fund its expansion programmes. It has already filed the Draft Red Herring Prospectus (DRHP) for the public issue and expects to come out with the IPO in the next three months. The company which has presence in states including Uttar Pradesh, Bihar, Uttarakhand, Jharkhand, and National Capital Region, plans to intensify this expansion, besides exploring new markets. (BS<http://www.business-standard.com/india/news/hindustan-media-ventures-plans-rs-300-cr-ipo/92798/on> ) *Crompton Greaves Buys Three Business Units Of Nelco *- Crompton Greaves Ltd (CG), a manufacturer of electrical equipments, is acquiring three businesses of Nelco Ltd for around Rs 92 crore. The businesses include Traction Electronics, SCADA and Industrial Drives. Crompton says, in its filing to the BSE, that the acquisition will help the company to become a stronger and more comprehensive player in the railways business segment and build capabilities in drives by better leveraging on its existing product portfolio. -- 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.
