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Nusli Wadia`s GoAir and Madurai-based Paramount Airways are looking at a merger where the former may be open to divesting 40 percent stake to the latter, the Economic Times paper said on Tuesday. Quoting unidentified sources, the report said Paramount … […] Indian automobile component maker Amtek Auto Ltd said it has acquired the entire assets of UK-based JL French's (Witham) Ltd, a maker of aluminium components for automotive industry. The company did not disclose financial details of the deal. […] GVFL Ltd has announced divestment of its holding from Anupam GlobalSoft Ltd (formerly Anupam Infosys Ltd), a company promoted by the Anupam Group of Companies, based in Vallabh Vidyanagar and part of its ‘Gujarat IT Fund’ in 2000. This is GVFL’s 52nd exit from its 60 investments. […] Gridstone Research, an equity research start-up in Mumbai, had secured venture capital funding from three investors last March. The investors included Charles River Ventures, Helion Venture Partners and finally Maverick Capital, a $10 billion (Rs41,000 crore) American hedge fund. What appeared then to be a one-off has now become a bit of a trend. Hedge funds are fast penetrating India’s private equity market and, since mid-2005, have concluded 36 deals worth $1.7 billion. And, this is just a partial estimate, based on deals that are publicly known. The actual numbers, industry experts say, is likely to be much higher. […] Flagship carrier Air India is exploring a strategic alliance or an equity stake in Serbia’s national carrier Jugoslavenski Aerotransport (JAT), an official said on Monday. “Discussions are on for a joint venture. We are also exploring the possibility of buying a stake in JAT,” said Air India executive director (public relations) S. Venkat. State-run Air India was exchanging data including traffic and looking at valuations and profitability, he added. […] |