The Economic Times
19 May 2007
page 1
Citi arm arm to buy 85% in Sharekhan for Rs.650 cr. Citigroup Venture Capital (CVC) is believed to have bought 85% stake in retail brokerage Sharekhan for roughly Rs 650 crore. Mape advisory is Sharekhan's advisor in the deal.
In 2006, BNP Paribas paid Rs. 207 cr to buy a 33% stajke in retail brokerage house geojit Securities valuing the brokerage ast around Rs 620 crore. In the pat few years, private equity players have picked up stakes in brokerages such as Motilal Osswal, Edelweiss and Anand Rathi Securities.
Sharekhan has presence across 150 cities with over 100m branches and 310 franchiees.
The Economic Times
21 May 2007
Page 11
Ratan Tata to head corus merger panel
Tata Steel has formed a seven member integration committee to spearhead its union with corus group.
Page 14
Unicredit to buy Capitalia for $30b, create 5th largest bank. It will be the biggest bank in 13 nations using the euro
Mint 21 May 2007
page 18
Choosing applicable laws in international arbitration. A useful article for M&A students.
Page 19
Mirocsoft Corp.'s $6 billion deal to buy an online specialist called aQuantivi Inc. put sinto high gear a race between Madison Avenue and a new guard of technology businesses that are trying to dominate the unbridled market in brokering internet advertisements. Article has descriptions has a number of deals in this segment.
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