The Ruias-owned Essar Steel on Tuesday agreed to acquire the fixed assets and long-term liabilities of Mumbai-based Shree Precoated Steels for a little more than Rs 600 crore, a move that could signal the return of...
RINL-Manganese Ore JV
Rashtriya Ispat Nigam Ltd (the Vizag steel plant) and the Manganese Ore India Ltd have formed a joint venture – RINMOIL Ferro-Alloys Pvt Ltd – to manufacture ferro-alloys, according a press release. The JV...
India Cements unit in deal to buy Indo Zinc
India Cements Ltd said on Monday its unit, ICL Financial Services Ltd, had signed a deal to acquire 39.84 per cent of Indo Zinc Ltd. India Cements currently has 13 per cent stake in Indo Zinc, it said in a statement to...
India Cements arm buys 53% in Indo Zinc
ICL Financial Services Ltd, a subsidiary of India Cements Ltd, has acquired a 53 per cent stake in Indo Zinc Ltd for about Rs 5.3 crore. According to the India Cements sources, Indo Zinc holds limestone mining leases in...
Anil Agarwal ready to buy out govt in HZL, Balco; to meet FM
Vedanta Resources Chairman Anil Agarwal today said he is ready with Rs 8,000 crore for buying the government’s residual equity in Balco and Hindustan Zinc, for which he will meet the Finance Minister this month...
Tata Steel Global acquires more shares in Riversdale Mining
Tata Steel Global Minerals Holdings Pte Ltd, an indirect wholly owned subsidiary of Tata Steel Ltd, on Thursday acquired additional shares of Riversdale Mining Ltd (RML), Australia, through market purchases, taking the...
Jindal Saw – Updats on Scheme of Amalgamation
Jindal Saw Ltd has informed BSE that the Hon’ble High Court of Judicature at Allahabad during the hearing held on July 13, 2009 has approved the merger of Highgate Consultants Ltd, the wholly owned subsidiary of...
Tata, JSW and Essar Steel in fray to buy Shree Precoated
Tata Steel, JSW Steel, Essar Steel and Uttam Galva Steels are eyeing to acquire a majority stake in Ajmera Group’s Shree Precoated Steel. "Three primary steel makers — Tata Steel, JSW Steel and Essar...
Essar Steel close to acquiring major stake in Ajmera Group co
Essar Steel, part of the Ruia-controlled diversified conglomerate, is close to acquiring a majority stake in Shree Precoated Steels of the Ajmera Group, in a move that will consolidate its presence in the value...
National General equity shareholders approves scheme of Amalgamation
National General Industries Ltd has informed BSE that at the direction of Hon’ble High Court of Delhi vide order dated May 15, 2009, a meeting of Equity Shareholders was convened on June 30, 2009, for approval of...
Orissa Sponge – Disclosure of acquisition of equity shares of Orissa Sponge Iron & Steel Ltd by Bhushan Energy Ltd
Bhushan Energy Ltd has informed BSE that Bhushan Energy Ltd ("BEL") along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR...
National General equity shareholders to approve Scheme of Amalgamation
National General Industries Ltd has informed BSE pursuant to an Order made on May 15, 2009, the Hon’ble High Court of Judicature at Delhi has directed that, meeting of the Equity Shareholders of the Company will...
