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    HomeNewsBusinessCompaniesETA Engineering May Raise Rs 300Cr From NSR

    ETA Engineering May Raise Rs 300Cr From NSR

    News Roundup: ETA Engineering May Raise Rs 300Cr From NSR

    January 18, 2011 / 10:17 IST

    ETA Engineering May Raise Rs 300Cr From NSR - Dubai-based $6-billion conglomerate Emirates Trading Agency (ETA) will be divesting up to 25% stake in its Indian engineering services firm ETA Engineering to New Silk Route (NSR) for Rs 300 crore. ETA Engineering, based in Chennai, provides electromechanical services to hotels, hospitals, technology parks and other commercial buildings. The investor will subscribe mostly to fresh shares apart from buying a small part of the promoting holding in a secondary transaction. (Times of India)


    India Value Fund May Invest In Camlin - The Dandekar family, owners of the 80-year-old office stationery major, Camlin, is in talks with private equity major India Value Fund to sell a part of its shareholding to part finance growth plans. The promoters, four members from the Dandekar family, own close to 40% in Camlin. The deal could be for around Rs 100 crore. (Economic Times)

    Everstone Raises $350M For New Fund - Everstone Capital Management has raised $350 million (Rs.1,596 crore) of the targeted $550 million for its latest fund, Everstone Capital Partners II (ECP II). This is Everstone
    first published: Jan 18, 2011 08:40 am

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