Tanti group of companies, the promoters of Suzlon Energy Ltd, jointly with Bahrain-based Arcapita Bank, has acquired Honiton Energy Holdings, a Chinese wind energy firm. The company has not disclosed the value of the deal. The joint venture partners will invest $2 billion by 2012 to develop a 1,650-MW portfolio of wind farms in the Inner Mongolia region of China. The acquisition is being channelled through Colossus Holdings, a Singapore-based holding company of the Tanti group. The group directly and indirectly owns 66 per cent of Suzlon Energy, the world’s fifth leading supplier of wind turbines with a 10.5 per cent global market share. […]

Japanese fund manager Nomura Asset Management is set to pick up a stake in LIC MF Asset Management Company which manages LIC Mutual Fund. In a statement issued in Japan, Nomura Asset Management Company, the fund management unit of Nomura Holdings, said it has agreed to invest in an asset management unit of Life Insurance Corporation of India. Agency reports quoted Riyo Azechi, a spokeswoman for Nomura Asset stating that the Japanese fund manager will work together in India with LIC Mutual Fund Asset Management Company on the asset management business. Speaking to ET, LIC MF chief executive Sushobhan Sarker said that a memorandum of understanding has been signed with Nomura whereby both companies would look at ways of working together. He said that the outcome of these explorations would decide whether Nomura would pick up a stake in LIC MF or not. A team comprising of officials on both sides would be constituted to take the partnership forward. […]