India: French firm BIC buys remaining stake in Cello Pens for $81m

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France-based BIC Group, a stationery products maker, has bought remaining 60 per cent stake in Cello Pens for around Rs 540 crore ($80.9 million), the company said on Thursday. With this, the company holds 100 per cent stake in Cello Pens. This acquisition will help to accelerate Cello Pens growth… Read more »

Accor to buy owner of Fairmont, Raffles, Swissotel brands for $2.9b

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The Paris-based group said it would pay for FRHI Holdings Ltd, parent of the Fairmont, Raffles and Swissotel chains, with $840 million in cash and by issuing 46.7 million new shares.


India: Inox Wind fully acquires Sarayu Wind Power to expand in Andhra Pradesh

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Wind power company Inox Wind Ltd on Thursday said it has acquired 100% equity shares of Sarayu Wind Power (Tallimadugula) Pvt. Ltd for an undisclosed amount in a bid to expand its presence in the Andhra Pradesh market. Inox Wind’s shares rose as much as 2.7% to Rs.356.70 on BSE… Read more »


Havells India to sell majority stake in overseas units to China’s Shanghai Feilo Acoustics

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Electrical equipment company Havells India Ltd on Thursday said that it will divest its majority stake in its overseas subsidiary units Havells Sylivania Malta Ltd and Havells Exim Ltd of Hong Kong to lighting equipment maker Shanghai Feilo Acoustics Co. Ltd of China to focus on India market. Havells India… Read more »


PetroChina to sell big gas grid stake under reform push

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PetroChina is discussing selling a stake in domestic gas pipelines worth an estimated $47 billion in total, sources told Reuters, in a move seen as a prelude to Beijing’s plans to break the state giant’s near monopoly and boost spending on energy infrastructure. The sale could attract domestic interest from… Read more »


Thailand: Data analytics firms Zocial Inc, Thoth Media to merge, plan Asean expansion

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Thailand based online information provider Zocial Inc has merged with Thai online marketing firm Thoth Media to become on of the larger integrated social data analytics service provider for social media in the Asean region, said the company. The merged company will be renamed as Thoth Zocial and will have a combined market capitalization… Read more »


India Dealbook: VoxWeb, JumboBasket raise funding

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India-based social networking app VoxWeb and e-commerce returns platform JumboBasket have raised funding in separate deals. Social networking app VoxWeb raises $350K VoxWeb, a social networkign app, has raised $350,000 from an unnamed investor, as per an Economic Times article. The firm which raised $100,000 from co-founder and MD of Citrus… Read more »


India Dealbook: i2e1, PropheSee & Stay Simple Resorts raise funding

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In India, smart network layer platform i2e1, analytics startup PropheSee and midbudget hotels site Stay Simple Resorts have raised funding in separate deals. i2e1 receives $500k from growX ventures i2e1 which offer instant and easy connectivity to high-speed, reliable and secure Internet services, has received Rs 3.34 crore ($500.5k) from growX… Read more »


SG Dealbook:Trendlines, Saviva Capital to operate incubator; Chaswood Resources raises S$1.2m in private placement

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Trendlines Group has entered into a memorandum of understanding with a US private equity (PE) firm to jointly operate an incubator. Meanwhile, Chaswood Resources has raised funds in a private placement and secured interest-free shareholder loans. Trendlines enters agreement with Saviva Capital to operate agribusiness incubator Newly listed on the… Read more »


Interactive Intelligence acquires Mumbai-based Customer360 for $10m

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US-based software services for customer engagement company Interactive Intelligence Inc. said on Thursday that it has acquired Mumbai-based company Anveshan Tech Solutions Pvt. Ltd that provides its services as Customer360. The deal is estimated to be $10 million, according to two people directly involved in the transaction. “It was an… Read more »