Kalpataru Power to allot 47.77 lakh shares
Mumbai: Kalpataru Power Transmission, engaged in the design, testing, fabrication and construction of transmission lines and substation structures on a turnkey basis across India and overseas has announced that it would allot 47.77 lakh equity shares for over Rs347 crore. The company informed the BSE that it decided to allot the shares of Rs10 each at a meeting held yesterday, at a premium of Rs717 per share. Shares of Kalpataru Power Transmission were up 1.73 per cent, trading at Rs784 on the BSE.
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Cairn Energy to come out with IPO in December
London: Scottish explorer Cairn Energy Plc, which has discovered 3.6 billion barrels of oil reserves in Rajasthan, is planning to float its initial public offering (IPO) of its India operations in December this year.

The British firm announced that its operations would be split into two - Cairn India (holding Indian exploration, development and production business) and a UK head-quartered exploration focused business. The proceeds of the IPO proceeds would be used both to return cash to shareholders and to fund the continuing business operations in Rajasthan.
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Goldman Sachs to invest $100m in Indivision Cap
Mumbai: Indivision Capital, a consumer-centric fund promoted by Pantaloon Retail, has closed its first fund at $425m, sources said. Goldman Sachs' proprietary arm has sealed the deal to invest $100m as a strategic investor. Israel's largest bank, Bank Luemi, has also committed $15m in the fund. Company officials of Future Capital, a Pantaloon arm said, "The fund is closed, but we cannot disclose the names of investors owing to the confidentiality clause. Top investors from Europe, the US, Middle East & other reputed institutions and families have made significant investments in the fund."

Indivison invests primarily in small and regional consumer-related companies as a strategic investor and scales it up to a national level. The companies invested in will be provided hands-on mentoring capabilities by Indivision and a national distribution network through Pantaloon Retail.

The company recently picked up stake in Capital Food, a process food company and makers of brands such as Smith&John and Ching's Secret and a leading private label supplier to several bid retailers abroad like Target and Tesco.
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