• Private equity major 3i Group is investing around $111.51 million in KMC Infratech Ltd, a subsidiary of KMC Constructions involved in BOT projects... • Manpower Inc., a workforce solutions company, has acquired 74% stake in Kolkata-based WDC, a leading professional staffing and IT Services Company…. • Wipro buys the oil and gas IT practice of US-headquartered Science Applications International Corp. for $150 million… • Indian market continued with upswing for the second week aided by strong FIIs inflow. The 30-share index, Sensex ascended 605 points, or 3.21%…

1.
Capital Markets Review
Week Ending 03 April 2011
§ 3i Invests INR 200 Crore in Ind-Barath Energy
3i India Infrastructure Fund, an investment fund is investing around $45 million (around
INR 200 crore) for a minority stake in Ind-Barath Energy (Uktal), a subsidiary of Ind-Barath
Power Infra (IBPIL). The funds will be used by Utkal to build a 700 MW (two units of 350
MW each) coal-fired power plant based in the state of Orissa.
§ 3i Infra Fund Invests $111.5 Million In KMC Infratech
Private equity major 3i Group is investing around $111.51 million in KMC Infratech Ltd, a
subsidiary of KMC Constructions involved in BOT projects (built, operate and transfer) in
the roads and highways sector. The road sector has been increasingly attracting the
attention of private equity players. India may require $1.7 trillion in the decade starting
2010 to meet infrastructure demand and keep pace with economic growth and
urbanisation
§ International Paper To Buy 53.5% In AP Paper Mills For $257 Million
The world’s largest paper company International Paper has struck one of the rare deals
where a global paper producer is acquiring an Indian firm by entering into an agreement
with LN Bangur Group to acquire 53.5% or entire promoters stake in mid size firm Andhra
Pradesh Paper Mills Limited (APPM) for $257 million or INR 1,150 Crore in cash. In
addition, International Paper has also agreed to a $62 million or INR 280 Crore non-
compete payment to the sellers. APPM is the country’s fifth largest paper producer by
revenues.
§ Manpower Buys Majority Stake In Kolkata-Based IT Staffing Co.
Manpower Inc., a workforce solutions company, has acquired 74% stake in Kolkata-based
WDC, a leading professional staffing and IT Services Company offering consulting,
development and application support services to several large clients in India and the
Asia-Pacific. Post this acquisition; WDC will become the exclusive vehicle for all IT-related
staffing and services operations of Manpower in India. The remaining 26% stake will
remain with the founders. With this acquisition, WDC will become a part of the Manpower
Group and will be managed by a reconstituted board.
§ Wipro buys SAIC unit
Wipro Technologies, the global information technology (IT) business of Wipro Ltd, which
sells everything from soapsto software services, has acquired the oil and gas IT practice
of US-headquartered Science Applications International Corp. (SAIC) for $150 million
(INR 671 Crore) in an all-cash deal. SAIC employs 43,000 people overall, serving mostly
the US military and US government entities. It had annual revenue of $11.1 billion for the
fiscal year ended 31 January.
§ Huntsman acquires Laffans Petrochemicals
T
he American chemicals major Huntsman Corporation on Sunday said it has taken over
Gujarat-based chemicals producer Laffans Petrochemicals, and has also taken the
ownership of the company’s 60 kilo tonne ethylene oxide derivatives facility at Ankleshwar.
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(F): +91 11 4378 5559 www.invest4revival.com 1

2.
Capital Markets Review
Week Ending 03 April 2011
Though Laffans is a BSE-listed company, and the acquirer Huntsman is traded on the
NYSE, both the parties did not reveal the financial details of the deal.
Laffans set up in
1994 to manufacture ethylene oxide derivatives had revenues in excess of $50 million in
2010.
§ Stock Markets
Indian market continued with upswing for the second week aided by strong FIIs inflow.
The 30-share index, Sensex ascended 605 points, or 3.21% to 19,420 in the week ended
April 01. On the other hand, the broad based NSE Nifty surged 172 points, or 3.04% to
5,826 in the same period. The Sensex gained 5.24% in the previous week. Indian equities
have rebounded smartly in the last two weeks. The 30-scrip Sensex closed in the positive
for the eighth time in the last nine trading sessions.
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