Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...
INOX’s Buyout Of Satyam Cineplexes Hits Roadblock
In a bid to expand its footprint across the country, multiplex chain INOX Leisure Ltd (INOX) had proposed to acquire Satyam Cineplexes Ltd in July 2014 for Rs 182 crore. Satyam has nine multiplexes, including three in...
Royal Nirman Buys MPF Systems Held By Promoters Wilo Se
Royal Nirman Private Limited has acquired 55.48% of the paid up capital of MPF systems held by promoters Wilo Se. The acquisition follows the share purchase agreement between the two parties on July 1, 2014, resulting...
Takeover Of Mather And Platt Fire System By Royal Nirman
Transaction which has triggered the Open Offer Obligation : Royal Nirman Private Limited (‘RNPL’) has entered into a Share Purchase Agreement (‘SPA’) with Promoter / Seller, WILO SE of the MPF Systems Limited...
Strides Arcolab Buys Generic Business Of Bafna
Strides Arcolab Limited (Strides) has bought a majority stake of Bafna Pharmaceuticals Limited’s India branded generics business Raricap (enterprise value) of Rs 65 crore. Strides paid Rs 48.1 crore in cash and balance...
Zomato Acquires Menumania
ZOMATO: Deepinder Goyal, a post-graduate of IIT Delhi, started Foodiebay.com as a small exercise to help his colleagues negotiate huge stacks of menu cards with ease. Foodiebay officially started in July 2008...
RIL Takes Over Network 18
In order to leverage its 4-G operations, Reliance Industries Ltd (RIL) has taken complete control of Network 18 Media and Investments Ltd, including its subsidiary TV18 Broadcast Ltd. and the Board of Reliance...
Motherson Sumi Buys Stoneridge’s Wiring Harness Business
In a bid to expand the business, Motherson Sumi Systems Limited acquired US-based Stoneridge Inc’s wiring harness business for $65.7 million (around Rs 385 crore). The acquired business had a turnover of around $ 300...
RBI Allows FDI In LLP
RBI welcomes Foreign Direct Investment in LLPs In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals...
Essel Publishers Merge With Zee Media
Zee Media Corporation Ltd is one of the India’s foremost multi-media companies with a strong presence in the national and regional news genre. The company was incorporated as Zee Sports Limited on August 27; 1999...
Delta Corp Puts Zing To Gaming Biz
In order to put its business on fast track, Delta Corp Limited, India’s only listed gaming company, merged its wholly owned subsidiary Delta Leisure and Entertainment Private Limited (DLEPL) in 2013. The scheme of...
Technip Divests 75% Stake In Seamec To HAL Offshore
TECHNIP a Euronext-listed entity, through its wholly owned subsidiary, Coflexip Stena (Mauritius) Offshore Limited, had entered into a binding agreement for the divestment of a majority stake of at least 51% and up to...