*The deal is expected to be closed by the end of this calendar year.* *JK Lakshmi Cement To Buy Firm In Egypt *- JK Lakshmi Cement, a Delhi-based cement manufacturer and the flagship company of Hari Shankar Singhania Group, is in talks with an Egyptian cement firm for acquisition. The deal, which is believed to be of around Rs 800 crore, is expected to be closed by the end of this calendar year. The target company has an annual production capacity of two million tonne. The acquisition, if materialises, will help JK Lakshmi tap the growing Middle East market. (ET<http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/JK-Lakshmi-to-acquire-Egyptian-co-for-Rs-800-cr/articleshow/5966445.cms> )
*Gemac Energy To Raise Rs 600Cr From PE *- Gemac Energy Ltd (GEL), a Chennai-based engineering, procurement, construction, project management and O&M services company, is planning to raise around Rs 600 crore from a private equity fund to support its proposed Rs 6,000-crore power plant in Tamil Nadu. The company has planned to set up a coal-based thermal power plant in the state with a total capacity of 1,320 Mw with an investment of around Rs 6,000 crore. The proposed investment will be funded through 80:20 debt-equity. (BS<http://www.business-standard.com/india/news/gemac-to-raise-rs-600-crpe/395825/> ) *Infosys Technologies Denies Logica Buy *- Infosys Technologies Ltd, India’s second-largest software exporter, has dismissed the media report saying the firm is in talks to buying Logica Plc, a UK-based technology services company. The Daily Mail reported on May 21 that Infosys was considering buying the London-based computer-services provider for 2.9 billion pounds ($4.2 billion) in cash. V Balakrishnan, the chief financial officer at Infosys, said the report as “just a rumor”. (Bloomberg Businessweek<http://www.businessweek.com/news/2010-05-23/infosys-technologies-says-logica-purchase-report-is-a-rumor-.html> ) *Mukesh May Enter PE Space *- Ambani brothers -- Mukesh and Anil-- who were on dispute over gas pricing, had decided to end the non-compete agreements in reconciliation bid, a move that will help the duo work in harmony. The billionaire brothers, who split the Reliance group in 2005, have been keen to enter into each other's select business areas, but were constrained by the agreement. With the cancelling of the four-year-old non-compete agreement, their group entities can now foray each others business. For instance, Mukesh Ambani is looking at opportunities to enter the financial space in which Anil's ADAG is already a player. (ToI<http://timesofindia.indiatimes.com/biz/india-business/Mukesh-can-enter-fin-biz/articleshow/5966348.cms> ) -- 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.
