Bain Capital pumps Rs 350 cr into Lilliput Kidswear : Bain Capital is buying an undisclosed stake in Lilliput Kidswear for around Rs 350 crore, a precursor to an initial share offering next year by the retailer of apparel and accessories for children. The money will be used by the Delhi-based company to add stores and extend its product range, Lilliput founder and managing director Sanjeev Narula said. (ET)
Videocon floats SPV to buy Wadia's Kings XI stake : Videocon Industries is in advanced talks to buy Bombay Dyeing joint MD Ness Wadia’s stake in IPL team Kings XI Punjab and has already floated a special purpose vehicle for the same, said a company official. (ET)
Sumitomo Corp increases stake in Swaraj Mazda : Japanese firm Sumitomo Corp. bolstered its dominant stake in Swaraj Mazda Ltd, betting that the Chandigarh-based manufacturer of light commercial vehicles will be able to regain market share, which has dwindled to around 3%. (Mint)
Raheja vs Raheja duel to spice up retail mart : Construction baron GL Raheja is about to stretch his retail compass by taking over Homecare Retail Mart, a chain of hypermarket stores mauled by the slowdown, pitting himself against brother CL Raheja’s Shoppers Stop and Hypercity. (ET)
Welspun India to raise 1.5 bln rupees in share sale-sources : The shares will be sold at 97.5 rupees each, a discount of 14.6 percent to Monday's close of 114.20 rupees, the sources said. The issue can be expanded to raise a further 1 billion rupees, the sources said. Motilal Oswal Financial Services is the sole arranger to the issue, which was launched late on Monday and is expected to close Tuesday evening, sources said. ( Reuters)
S African ICT Datatec acquires Indian consultancy : South Africa-based ICT company Datatec has acquired BDA Connect, a management consultancy business based in Delhi as part of its expansion plans in India. Johannesburg and London listed Datatec already has links in India through its network solutions provider subsidiary Westcon. (PTI)