January 2010
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Aptech to acquire 100% stake in Maya Entertainment Ltd

Aptech Ltd has announced that the Board of Directors of the Company at its meeting held on January 27, 2010, inter alia, has approved the proposal to acquire upto 100% of the share capital of Maya Entertainment Ltd, subject to the execution of necessary definitive agreements. Subject to approval of the shareholders of the Company in general meeting, the Board of Directors of the Company has approved the Preferential Issue of upto 22,50,000 equity shares having a face value of Rs. 10/- each (“New Shares”) subject to the guidelines prescribed under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 by the Company to certain shareholders of Maya Entertainment Ltd as a part consideration of acquisition of the shares of Maya Entertainment Ltd. […]

January 28th, 2010

Yes Bank raises $225 mn via share sale to institutional buyers

Private sector lender Yes Bank on Thursday said it has raised $225 million (about Rs 1,034 crore) through private placement of shares to institutional investors. “The issue of $225 million, was significantly oversubscribed on strong demand from foreign institutional investors and domestic mutual funds,” Yes Bank said in a statement. The bank will issue 3.84 crore equity shares at Rs 269.50 per share to institutional investors under the Qualified Institutional Placement (QIP), which would raise the overall capital adequacy of the bank to over 20 per cent. […]

January 28th, 2010

BTS Investment Plans $150 Million Clean Energy Fund in India

BTS Investment Advisors, a private equity fund based in Zurich and Mumbai, plans to start a $150 million fund to invest in Indian clean energy companies amid rising interest in green power to fuel Asia’s top economies. BTS expects to start the fund by April with an initial $60 million and increase that to $150 million over the next year, Managing Partner K. Srinivas told Bloomberg News by phone. Clean-energy investment in Asia surpassed the Americas for the first time in 2009 as economic growth and reduced losses from the subprime crisis allowed greater spending, data from Bloomberg New Energy Finance showed. The region is home to the world’s two fastest-growing major economies, China and India, which are also among the four biggest polluters. […]

January 28th, 2010