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Enam, Subhkam Ventures and HT Media to sell stake in Aqua Logistics

Posted on: Wed, 18 Nov 2009 14:03:00 EST

Symbols: HTMEF

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Nov 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
HTMEF | Quote | Chart | News | PowerRating -- Enam Securities Private Limited, Subhkam Ventures, and HT Media Limited are planning to sell 3.5%, 1.2%, and 0.3%, respectively, of Aqua Logistics Private Limited, a provider third-party logistics services, in its IPO. All the parties are based in India.

Enam Securities is a provider of financial services, Subhkam Ventures is a venture capital firm and HT Media is a printing and publishing company.

Aqua Logistics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR1,500 million ($32.59 million) in its IPO. The three vendors currently hold 11%, 3.7% and 1%, respectively, in the company.

Deal Type    Private Equity
Sub-Category Exit
Deal Status  Announced: 2009-11-17

Deal Participants

Target (Company)   Aqua Logistics Limited
Acquirer (Company) Undisclosed Investors
Vendor 1 (Company) Enam Securities Private Limited
Vendor 2 (Company) HT Media Limited

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