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| News Article: |
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Omnitech InfoSolutions proposes to enter the capital markets on July 19, 2007 with a public issue aggregating Rs 35 crore in the price band of Rs 90 to Rs 105 per equity share of Rs 10 each, including reservation for employees aggregating to Rs 1.75 crore. UTI Bank is the BRLM and India Infoline is the Co-BRLM for the issue. This issue is being made through a 100% book building process wherein upto 50% of the net issue shall be allotted on a proportionate basis to qualified institutional buyers (QIBs). The equity shares are proposed to be listed on BSE and NSE. |
| For complete news story, |
| http://news.moneycontrol.com/india/news/ipotip/omnitechinfosolutionsipo/omnitechinfoipolookstobegoodexperts/market/stocks/article/292972 |
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| Ordyn Technologies Pvt. Ltd. (formerly known as Orion Tele Equipment Pvt. Ltd), a fast growing Indian telecom equipment company has tied up funding to the tune of Rs 60 Crores. The deal was structured and arranged by the Investment Banking team of India Infoline. Aureos Capital, a private equity firm that has invested Rs.40 crores in the form of private equity, was the major investor in the funding besides India Infoline. Ajit Menon President, Investment Banking India Infoline Limited said, “Ordyn has a talented and very energetic team. We believe they offer tremendous potential in one of the most exciting sectors in the country."
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| For complete news story, |
| http://www.moneycontrol.com/india/news/press-release/ordyn-secures-rs-60-crore-funding/17/52/275261 |
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| Pune based Neilsoft, a company that provides engineering and technology solutions to the construction industry, has secured funding of $7 million from US private equity and venture capital fund Trident Capital. This is the second round of funding for Neilsoft, which had earlier received close to $1.5 million investment from Gujarat based venture capital fund GVFL Ltd. It has exited in the current round (three-fourth of GVFL stake is bought by Trident while the rest by promoters and management of Neilsoft). Neilsoft was set up in 1993 by Ketan Bakshi. It provides specialist engineering and technology solutions to clients in the building systems, industrial projects, industrial machinery & equipment, automotive, marine, & software verticals. The company has currently revenues of Rs 65 crore, which it plans to take to Rs 85 crore this year. Trident is a US venture capital fund which manages about $1.6 billion in capital. Its focus is business to business companies in software, IT and information services. |
| For complete news story, |
| http://www.vccircle.com/2007/10/21/punes-neilsoft-gets-7-million-from-trident-capital/ |
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