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Emap plc on Wednesday said it has acquired a 40 per cent stake in India based magazine publisher Next Gen Publishing Ltd for about Rs 30.13 crore (3.7 million pounds) in an all cash deal. “As one of the fastest growing economies in the world experiencing a marked increase in wealth and consumerism, we see India as a prime market that will be highly receptive to our brands. […] Private equity funds are finally putting money in power generation. In the first-ever investment by PE funds in the local power sector, CVC International and UTI Ventures have picked up around 30% stake in the Hyderabad-based Ind Barath Infra for Rs 290 crore. Sources said Rs 250 crore was raised from Citigroup Venture Capital International Growth Funds, managed by Citigroup, while UTI Ventures invested the remaining Rs 40 crore. […] Japanese financial services major Nomura will buy 35% in Enam Financial Consultants for Rs 1,400 crore. The deal is expected to be announced as early as Wednesday, a sources close to the development said. In the process Nomura has pipped a host of other global financial sector majors like JP Morgan, Barclays and Credit Suisse to the post. The deal is being announced on the eve of the foundation day of Enam, sources said. […] Spentex Industries, the largest yarn manufacturer in India, has acquired Schoeller Litvinov KS in the Czech Republic for a consideration of $25 million. The acquisition gives Spentex access to a large customer base in over 30 countries. […] JM Financial Services announced on Wednesday that it has entered in to a joint venture with ASK Securities. It has agreed to pick up 60% stake in the company for 58.14 crore. The 60% stake in ASK Securities would be picked either by the company itself or through any of its subsidiaries. […] |