Thailand’s GPSC to acquire overseas power plants to boost capacity

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Global Power Synergy Co (GPSC), an electricity and utility subsidiary of Thailand’s energy conglomerate PTT PCL, is in the process of negotiations for the purchase of two to three power plants overseas, says GPSC’s newly-appointed president Toemchai Bunnag. “Some deals are under due diligence. If possible, we expect to finalise them… Read more »

PH power firm DPC foraying into renewable energy business

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DMCI Power Corp (DPC), the power arm of Philippine diversified engineering conglomerate DMCI Holdings Inc (DMCI-HI), disclosed plans of venturing into renewable energy (RE) business.


India: Singapore’s GIC, Bain combine to outbid Advent for $300m Quest deal

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Private equity major Bain Capital has partnered with Singapore’s state investment arm GIC to battle the competing bid from Advent International for a 26% stake in Bangalore-based engineering outsourcing firm Quest Global for about $300 million, said a report in The Times of India. Silver Lake Partners, a US-based technology… Read more »


India: HK’s specialist fund SSG Capital to buy JP Morgan’s $30m debentures in ailing Amtek Auto

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Hong Kong-based SSG Capital Management has proposed to buy debentures worth $30 million (Rs 200 crore) in auto components maker Amtek Auto from JP Morgan Asset Management Company, according to a report in The Economic Times. The proposed investment, which is yet to be approved by the regulatory authorities, would… Read more »


Towers Watson amends merger terms to get shareholders on board for $18b deal with Willis

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Towers Watson & Co and Willis Group Holdings amended their merger agreement to more than double the special dividend for Towers Watson shareholders, who have rejected a proposed $18 billion merger between the two financial companies. Financial services provider Towers Watson‘s shareholders will now get a one-time cash dividend of $10.00… Read more »


India: CARE Ratings may sell 20-22% in Mauritius arm

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Homegrown ratings agency CARE Ratings may sell 20-22% stake in its new Mauritius subsidiary to two leading banks in Mauritius and the African Development Bank (AfDB) as it attempts to start operations in Africa, said a report in The Economic Times. While Mauritius Commercial Bank and State Bank of Mauritius… Read more »


India: Healthcare app provider Medinfi raises funds from individual investors

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Medinfi Healthcare Pvt. Limited, which provides an Android app to help users locate the nearest doctors and hospitals for their everyday check-ups, on Thursday said it had raised Rs.2 crore from individual investors and entrepreneurs. The investors include Ram Kumar Kakani, professor at management institute XLRI, Pradeep K. Jaisingh, chairman,… Read more »


Fairfax India hikes stake in agri-warehousing firm National Collateral to 88%

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Canada-based Fairfax India Holdings Corporation has increased its stake in agri-warehousing firm National Collateral Management Services Ltd to 88 per cent by acquiring an additional 15 per cent stake in the company, a Fairfax India spokesperson told DEALSTREETASIA. Fairfax India invested little over Rs 160 crore ($24.2 million) in National Collateral to raise… Read more »


Indian pharma firms Cipla, Glenmark in race for hived-off Teva-Allergan generics in US

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India-based Glenmark Pharmaceuticals Ltd, Cipla Ltd and Sun Pharmaceutical Industries Ltd are planning bids for Teva Pharmaceutical Industries Ltd‘s US generic products, which are expected to go for around $500-800 million. These three companies are among some 30 companies, which are bidding for the Israel-based Teva’s portfolio. The second bid of… Read more »


Thailand to launch $2.78b infrastructure fund to accelerate economy

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Thailand’s Finance Ministry is looking at taking a proposal of creating a 100-billion-baht ($2.78 billion) Thailand Future Fund to the Cabinet in the next two weeks, according to the country’s Finance Minister. The fund, which is set to support the government’s infrastructural investment projects, is expected to launch by the… Read more »