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Corporate

OUR BUREAUBANGALORE

In one of the largest global dealsin the mobile internet space,Japanese internet major, Soft-

Bank Corp, has invested $200 mil-lion in mobile advertising compa-ny InMobi. Half the deal amount($100 million) will come this monthwhile the balance will be investedin April 2012.

“This deal is a clear demonstra-tion that a technology productcompany of global class can bebuilt from India and is hugely in-spirational for other entrepre-neurs,” said Jacob Mathew, ma-naging director, Mape AdvisoryGroup, an investment bankingfirm that tracks the sector.

In a report on the future of tech-nology investments in the country,IDG Ventures, a private equityfirm, had estimated that nearly$7.5 billion of capital would flow in-to the sector by 2015.

Till date the largest deal in the In-dian internet space this year in-cludes the acquisition of a majorstake in TutorVista by UK-basedpublishing house Pearson for .̀ 577crore, valuing the five-year-oldcompany at around .̀ 1,000 crore.

In the online commerce space,consumer deals provider Snapdealraised $40 million from a clutch ofinvestors at a valuation of .̀ 1,000crore. While e-commerce company,Flipkart raised $20 million fromNew York-based private equityfirm Tiger Global.

InMobi, which until now hadraised a total of $16 million in fund-ing from marquee global investorKleiner Perkins Caufield & Byersand Sherpalo Ventured led by RamShriram, expects to use this money

to speed up acquisitions in globalmarkets and hire fresh talent.

“This gives us a huge war chest togo after our ambition of buildingthe largest mobile internet compa-ny in the world,” said Naveen Te-wari, who founded the company in2007 with angel investors includ-ing the Mumbai Angels.

In August, the company acquiredUS-based Sprout, which createsrich media mobile advertising incash-and-stock deal valued up to$50 million. Research firm VentureIntelligence estimates that therehave been over 17 deals across theIndian digital services industry inthe first half of this year with a to-tal value of $197 million comparedwith about 15 deals worth $1,000million in 2010.

Globally too, this deal has attract-ed attention as one of the largestfor a venture funded company inthe mobile internet space.

Some of the big deals in the inter-net sector have come in the e-com-merce space with daily deals site

LivingSocial raising $400 millionfrom T Rowe Price and Institution-al Venture Partners and existinginvestors Lightspeed VenturesPartners and Amazon.com.

In June 2011, CSN Stores LLC, anonline retailer of home and officegoods, said it has raised $165 mil-lion from Battery Ventures, GreatHill Partners, HarbourVest Part-ners and Spark Capital.

Ram Shriram, founder of Sherpa-lo Ventures, and one of the earliestinvestors in the company, said:“This investment is a strong vali-dation of the mobile opportunityacross the globe and InMobi’s abil-ity to exploit it.”

For SoftBank, this deal is seen asan opportunity to build synergiesbetween other Asian internet com-panies in its portfolio and InMobi.I am delighted at this opportunityto partner with InMobi, one of theworld’s largest mobile ad net-works,” said Masayoshi Son,Chairman and CEO of SoftBank ina company release.

Japanese Net CompanyInvests $200 M in InMobi

Mobile Money

� HALF THE deal amount of $100

million will come this month

while the balance will be

invested in April 2012

� TILL DATE, the largest deal in

Indian internet space is

acquisition of stake in Tutor-

Vista by Pearson for .̀ 577 cr

� INMOBI EXPECTS to use

this money to speed up

acquisitions in global markets

and hire fresh talent

� FOR SOFTBANK, deal is seen

as an opportunity to build

synergies between other

Asian internet companies

SoftBank’s investment

in Indian co indicates

country’s emerging

strength in tech sector

PRESS TRUST OF INDIANEW DELHI

BPO major Genpact on Thursdaysaid it will acquire media and busi-ness research firm, EmPower Re-search, for an undisclosed amount.Genpact has signed a definitiveagreement to acquire EmPower Re-search, which has strong capabili-ties in social media research, mediamonitoring and measurement, Gen-pact said in a statement.

This acquisition will add signifi-cant expertise and intellectual prop-erty to Genpact’s Smart DecisionServices business, comprising ana-lytics, research, re-engineering andrisk management services, it added.“EmPower Research, a front-runnerin social media with a uniquely proc-ess-driven culture, strong domain ex-pertise and high-calibre senior man-agement team, is a fantastic fit forour business,” Genpact Presidentand CEO NV ‘Tiger’ Tyagarajan said.

Genpact to Buy EmPower Research

OUR BUREAU(MANESAR) HARYANA

India’s biggest carmaker Maru-ti Suzuki will resume produc-tion on Monday even as its 17-day deadlock with the strikingworkers remains unresolved.

The company announcedthat due to the strike at its ven-dor Suzuki Powertrain IndiaLimited the plants at Gurgaonand Manesar will remainclosed on Friday. Saturday is adesignated holiday on accountof Vishwakarma day.

While the company produced220 units of its hatchback Swifton Thursday, production at thecompany’s four major facilities— engines, casting, two-wheel-ers and the car assembly plant

— remained suspended at Ma-nesar on Thursday.

The company is, however,persistent in demanding that

workers signthe Good Con-duct Bond be-fore returningto their jobs.“There hasbeen nochange in thepolicy; thebond needs tobe ratified byeach of the

workers before resuming duty.We are observing utmost calmeven as there have been inci-dents of violence at the prem-ises,” the company spokesper-son said.

Earlier Thursday morning,workers allegedly attacked agroup of supervisors at theManesar plant where 11 super-visors were injured. The Gur-gaon police have detained oneDhiraj Soni on charges of in-juring some Maruti staff.

Striking workers, however,said that they were not involvedin the attack. “We have nothingto do with the morning inci-dents as claimed by the man-agement. In fact, one of ourworkers was allegedly injuredby the management private se-curity and we are looking at fil-ing a counter case against thecompany,” said Sunil Dutt, ex-ecutive committee member ofthe Maruti Suzuki EmployeesUnion for the Manesar plant.

Maruti to ResumeProduction on Monday

The strike has

resulted in a

production

loss of around

10,000 cars

and company

has lost

revenue of

.̀ 350-400 cr

A A Maharatna Company

Oil and Natural Gas Corporation Limited is proposin& subject to market conditions and other cond it ions�a further public offer of its equity shares and has f lied a Red Herring Prospectus with the Registrar of Companie NationalCapitalTerritoryof Delhi and Haryana,the Stock Exchanges and the Securities and Exchange Board of India (‘SEBI�.The Red Herring Prospectus is availableon the website of SEBI at�www.sebigov.i n and the respective websites ofthe Lead Managers on “www.jmflnancia l.in” www .citibankco.in ” “www.dspml .com” “www.h sbc.co.i n/ I /2lcorporate /equit ies-globa l-inves tment -bank ing”, “www.morg anstanley.com /indiaofferdocum ents” and

“www.ncmura.com/asia/services/capital_raisingFequitflshtml”. Investors should notethat investments in equityshares involves ahigh degrecof riskand for detsi ls relatingtot he same see the section titled”RiskFactors” of the RedHerring P�ospectu s.Thisa dvert isement does not cor ist itutean offerof securitiesforsaleorthesolicitationofanyofferto buysecurities m any ju risdic tion where such off ermaybe rest ricted inc ludingtheUn ited Slates (the �U.S.�.Theequity shares of the Company have not beers and will not be regist ered ursderthe U.S.Socuri desAct of I 933.as amended (the “U.S.SecuritiesAct ) or any state securities laws laws in the Ll.S.snd maynot be offered orso ld in the (J.S.oxcoptpursuanttoan exemption from,or inatr ansac don nots ubjectto ,the registration requiremen ts of theU.S.SecuritiesActand in accordance with anyapplicable U.S.state securities laws. The Company does not intend to make a publicoffb rof itssecuritles inthe U3�Thisadvertisementisnotto be releasedintheUnitedStates, Australia,Canadaor]�,an NemoncysecuriliesorothercoeskIerationfmmanyperson insidetheU.S isbein�so licited and, fse ntinr esp onseto

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I MAHARASHTRA STATE ROAD DEVELOPMENT CORPORATION LIMITED (MSRDC)‘ (A Govt. of Maharashtra Undertaking)

Piiyadarshini Park , Napean Sea Road, Mumbai -400 036. INDIA

C Tel.: 022-2368 6112, 2369 6109 Fax : 022-2368 4943 , 23696110Email : msrdc@bom3.vsnl.net.in Websito : � w.msrdc.org

LEASING OF BUILT UP FOOD MALLAT TAJE, TAL-MAVAL,DIST-PUNE ON PUNE-MUMBAI CORRIDOR ALONGYASHWANTRAO CHAVAN EXPRESSWAY (MPEW)

Further to tender notice published on 04th

August, 2011 andCorrignedum No. 1, following corrigendum is issued :

1. The sale period is from 16/09/2011 to 26/09/2011.

2. The date of pre-bid meeting is rescheduled on 19/09/2011at 15.00 hrs.

3. The last date of submission is rescheduled on 07/1012011upto 15.00 hrs .

4 . Date of opening of Technical Proposals is rescheduled on07/10/2011 at 15.15 hrs. (if possible)possible)

5. Otherterms and conditions remain unchanged.

Sd!-VC & MD

CORRIGENDUM NO. 2

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