KIRI DYES & CHEMICALS LTD.: The textile dyes maker basedin Ahmedabad plans to raise 563 million rupees ($14 million) selling shares for the first time to set up a chemicals plant and expand capacity. The company received demand for 1.43 times the shares on offer at 5 p.m. local time on the last day of sale today, according to the National Stock Exchange's Web site.

Paramount Communications acquires UK based AEI Cables
LONDON, September 03, 2007: Paramount Communications Limited (BSE: PARACOM) (“Paramount”), one of the largest cable manufacturers in India, today announced the acquisition of the business of AEI Cables in an all cash deal. AEI Cables has a turnover of approximately GBP 65 million (INR 533 crores)
Elara Capital Plc, a London- based mid-market advisor, was the sole advisor to Paramount Communications Limited for this transaction. This is Elara Capital’s first cross border transaction involving two listed companies.

Elara Capital advises KLG Systel on Acquisition of Atlantis Labs.
KLG Systel, the leading knowledge-based IT-centric Business Life Cycle Solutions Company, announced on August 27, 2007 that it has acquired a 51% stake in Atlantis Lab Pvt Ltd, a dedicated engineering solutions company. With this acquisition, Atlantis has now become a subsidiary of the company.
A dedicated engineering services Company, Atlantis is located in Chennai, Bangalore and Pune. Incorporated in 2001, Atlantis is one of the fastest growing engineering services companies providing mechanical design solutions to worldwide manufacturers such as G.E., Whirlpool, Atlas Copco, TATA Motors, John Deere, Schneider Electric and Cummins, to name a few.