Orbit Corporation – Hon’ble High Court of Bombay judicature approve Scheme of Amalgamation Orbit Corporation Ltd has informed BSE that the Hon’ble High Court of Bombay judicature vide its order passed...
Future Cap arm buys Interarch for Rs 100 cr
Future Cap arm buys Interarch for Rs 100 cr Indivision, a private equity arm of Future Capital Holdings, has picked up 13.3 per cent stake in New Delhi-based Interarch Building Products for Rs 100 crore. The transaction...
Vatika sells 10% to 3 PE funds
Vatika sells 10% to 3 PE funds Vatika Group, a Delhi-based realty firm, has divested 10.75 per cent for raising $250 million (Rs 1,000 crore) as private equity investments from Wachovia Bank, Baer Capital and Goldman...
Apollo to acquire US home broker Realogy for $6.4b
Apollo to acquire US home broker Realogy for $6.4b Apollo Management agreed to buy Realogy, the owner of the Century 21 and Coldwell Banker real-estate brokers, for about $6.4 billion in a sign the US housing slump may...
Blackstone to acquire Equity Office for $19 bn
Blackstone to acquire Equity Office for $19 bn Private equity buyout firm Blackstone Group agreed on Monday to buy US office building owner Equity Office Properties Trust in a deal valued at nearly $19 billion excluding...
Tatas check into the Ritz-Carlton
Tatas check into the Ritz-Carlton In a deal that will help expand its presence in the US market, Indian Hotels (IHCL), which runs hotels and resorts under the Taj brand, is buying the Boston-based Ritz-Carlton hotel for...
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...
Zandu’s FMCG business to be merged into Emami
In a three-way restructuring plan, Emami Ltd and its listed subsidiary, Zandu Pharmaceutical Works, have proposed to merge Zandu’s FMCG business into Emami, demerge Zandu’s other (non-FMCG) assets and...
Bharti group JV enters food & beverages market
The venture will also invest in R&D operations in Punjab. The Mittal-promoted Bharti group — with interests in telecom, insurance, realty and retail — has ventured into the food and beverage (F&B)...
Morgan Stanley buys 7.68% stake in Indiabulls Real Estate
Foreign fund house Morgan Stanley has acquired 7.68 per cent stake in Indiabulls Real Estate for about Rs 570.18 crore, through qualified institutional placement (QIP) route. Morgan Stanley & Co International...
Russia earmarks over $670 m for 20% stake in Sistema Shyam
The Russian Federation has allocated over $670 million in this year’s budget to pick up around 20 per cent stake in Sistema Shyam Teleservices Ltd, according to the company President and Chief Executive Officer...
DLF promoters sell 9.9% stake, raise Rs 3,860 cr
The promoters of DLF Ltd on Wednesday sold 9.9 per cent stake in the company to institutional investors, for a consideration of Rs 3,860 crore. Capital International Fund has bought the largest chunk of the shares...