COMMODITIES

Exclusive: Anupam Rasayan in advanced talks to raise funds from US-based PE firm

August 18, 2016 | Ranjani Raghavan

Specialty chemicals manufacturer Anupam Rasayan India Ltd, which supplies ingredients to pharmaceutical and personal-care products companies, is in advanced talks to raise fresh capital from a US-based investor, two people familiar with the development told VCCircle.

Cairn starts arbitration against India in retrospective tax row

August 16, 2016 | PTI

British explorer Cairn Energy plc today said it has initiated an international arbitration to seek USD 5.6 billion in compensation from the Indian government in case a retrospective tax demand of Rs 29,047 crore is not quashed.

SAIF Partners makes another bet on a listed firm in India

August 16, 2016 | TEAM VCC

Venture and growth equity investor SAIF Partners has just made its second investment in a listed company in India this year, an indicator of the firm reviving its programme to deploy a part of its latest fund in the public equity space.

JSW Steel to buy out Praxair from joint venture for $36 mn

August 16, 2016 | TEAM VCC

Billionaire Sajjan Jindal-led JSW Steel Ltd said on Tuesday it has signed a pact to acquire Praxair India Pvt Ltd’s 74% stake in their joint venture for Rs 240 crore ($36 million) in cash.

Aditya Birla Group to consolidate biz under Grasim, list financial services arm

August 11, 2016 | TEAM VCC

Aditya Birla Group has proposed to implement another consolidation exercise to bring more businesses under Grasim Industries Ltd by merging Aditya Birla Nuvo Ltd (ABNL) with the flagship company while hiving off the financial services business as a separate listed firm.

Tata Chemicals to sell urea business to Norway's Yara for $400 mn

August 10, 2016 | TEAM VCC

Tata Chemicals Ltd said on Wednesday it has agreed to sell its urea business to a local unit of Norwegian firm Yara International ASA for Rs 2,670 crore ($400 million).

Borosil Glass Works acquires 60.3% stake in Klasspack

August 01, 2016 | Ranjani Raghavan

Gujarat-based glassware company Borosil Glass Works has acquired a 60.3% stake in Nashik-based Klasspack for an undisclosed amount to enter the primary pharmaceuticals packaging business, according to a statement.

Exclusive: ONGC Videsh looks to acquire stake in Rosneft’s Tagul field

August 01, 2016 | Rounak Kumar Gunjan

As part of India’s energy security strategy to leverage depressed crude oil prices to secure overseas assets, state-run ONGC Videsh Ltd (OVL) has evinced interest in acquiring a 49% stake in Rosneft Oil Co.’s Tagul field.

TCG acquires controlling stake in Indian unit of Mitsubishi Chemical

July 28, 2016 | Debjyoti Roy

NRI entrepreneur Purnendu Chatterjee-led private equity firm The Chatterjee Group (TCG) has picked up a majority stake in Mitsubishi Chemical Corporation's (MCC) Indian unit in West Bengal for around Rs 322 crore ($48 million).

Local govt to invest $133 mn in Tata Steel's Canadian iron ore project

July 27, 2016 | PTI

Tata Steel today said the Quebec government will invest Canadian $175 million (about USD 133 million) in its joint venture firm's direct shipping iron ore project (DSO project).

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