Mumbai, Apr 9 (PTI) Private equity player Neev Fund has made an undisclosed investment in Leap India Food and Logistics to develop agri-silos in states with low levels of capital investments.

The fund, which is a joint venture between largest lender SBI and UK’s Department for International Development (DFID), typically makes investment of up to USD 10 million for infrastructure creation, an official said.

Leap India aims to set up food storage and logistics platforms across the country for various governments and commercial organisations over the next few years, a statement issued here said.

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Auxilo Finserve aims to disburse Rs 100 cr of education loan * Education loans focused non-bank lender Auxilo Finserve today said it is targeting to disburse Rs 100 crore in the learning hub of Pune.

It will be giving loans to both students and educational institutions to build a book of Rs 100 crore in the next two fiscal years, a statement issued here said.

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Bank of Baroda inks pact with Sidbi as ‘preferred bank’ * State-run Bank of Baroda today said it has entered into a tie-up with development finance body Sidbi to act as a ‘preferred bank’.

The partnership between Small Industries Development Bank of India (Sidbi) and BoB will help strengthen credit delivery system and facilitate smooth flow of credit to small businesses, an official statement said.

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Indian Overseas Bank partners with SMC Global Securities * State-run Indian Overseas Bank today said it has partnered with the brokerage SMC Global Securities to offer e-trading facility to its customers.

Through the tie-up, customers can do banking transactions, hold shares in demat and also do trading using the same account, it said in an official statement.

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Vertoz eyes $10 mn acquisition in US and Europe Mumbai, Apr 9 (PTI) Vertoz, an online programmatic advertising company listed on the NSE Emerge platform, today said it is scouting for acquisition opportunities in developed markets like the US and Europe.

“The acquisition in developed markets like USA and Europe will be around USD 10 million, which will be funded with internal accruals and if the size of the acquisition is large then we may raise debt for remaining funds to fund the acquisition,” Vertoz CEO Ashish Shah said in a statement here.

The company has been growing at 25 to 30 per cent organically and this acquisition will help the company to increase the pace and will attain sizable business in the programmatic segment, it said in a statement.

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SMT wins tenders for stents at five Brazilian hospitals * Sahajanand Medical Technologies (SMT), the country’s largest manufacturer of cardiovascular medical stents, has bagged tenders at five Brazilian hospitals for the distribution of stents.

The alliance will accelerate SMT’s goal towards providing affordable and quality stents for the millions of people suffering from heart disease worldwide, the company said in a release.

This is published unedited from the PTI feed.