Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals April 2016 March 2016 Agriculture 3 – Chemicals 3 2 Entertainments 5 – Financial Services 16 3 Information Technology 11...
L&T may spin off boiler business
L&T may spin off boiler business Leading engineering firm Larsen & Toubro (L&T) has lined up plans to invest over Rs 2,500 crore in building a shipyard and expanding its engineering manufacturing unit to...
BHEL acquiring Bharat Heavy Plat
BHEL acquiring Bharat Heavy Plate State-owned Bharat Heavy Electricals Ltd (BHEL) would take over Bharat Heavy Plate & Vessels Ltd (BHPV), Visakhapatnam, as a subsidiary and pump-in Rs 275 crore as capital...
Voltas to buy out 2 firms
Voltas to buy out 2 firms Voltas, a Tata Group company, today announced that it will acquire the remaining equity stake in two companies, Universal Comfort Products (UCPL) and Saudi Ensas Company (SECL), from its joint...
Decks cleared for BHPV-BHEL merger
Decks cleared for BHPV-BHEL merger Decks have been cleared for the merger of Visakhapatnam-based loss-making public sector undertaking Bharat Heavy Plate and Vessels Limited (BHPV) with state- owned Bharat Heavy...
Zee Tele demerges to get focus
Zee Tele demerges to get focus Come Monday December 18, Zee Telefilms the Rs 1,400 crore television, cable and entertainment company will cease trading on the stock exchanges. Instead, four new companies demerged from...
Tata Steel, NYK in 50:50 shipping JV
Tata Steel, NYK in 50:50 shipping JV Close on the heels of announcing a bid to acquire UK-based steel company Corus, the country’s largest private steel firm Tata Steel Ltd on Monday signed an agreement with...
HC stays Zee group’s takeover bid for UNI
HC stays Zee group’s takeover bid for UNI The Delhi High Court on Friday ordered maintaining of status quo till October 5 on a suit seeking a permanent injunction against the United News of India (UNI) from...
Sical to buy Singapore firm
Sical to buy Singapore firm Sical Logistics announced that it would acquire Singapore-based Bergen Offshore Logistics Pte Ltd, a provider of specialised logistics for offshore oil and gas exploration, for a...
UNI shareholders give nod to stake sale
UNI shareholders give nod to stake sale The shareholders of United News of India (UNI) today gave their nod to the Subhash Chandra-promoted investment company Media West’s proposal to acquire a 60 per cent stake...
Fight for Great Offshore could drain internal accrual
The race for acquiring a stake in offshore oilfield service provider Great Offshore Ltd (GOL) gained pace with ABG Shipyard making a counter offer early on Tuesday, and Bharati Shipyard announcing its intention of...
ABG, Bharati slug it out for Great Offshore pie
Great Offshore, a supplier of rigs used for offshore drilling, found itself at the centre of a takeover battle on Tuesday, following an unsolicited bid by ABG Shipyard to counter an ongoing open offer from Bharati...