Nahar Spinning – Hon’ble High Court of Punjab & Haryana sanctions Scheme of Demerger & Arrangement Nahar Spinning Mills Ltd has informed BSE that the Hon’ble Punjab & Haryana High Court at...
GHCL arm acquires H W Baker
GHCL arm acquires H W Baker Dan River, a step down subsidiary of textiles and soda ash maker GHCL Ltd, has acquired the assets of H W Baker Lenin Co in US for $ 6.75 million (Rs 30.09 crore) through competitive bidding...
India Inc sweetens offers for buys abroad
India Inc sweetens offers for buys abroad When textile-maker Alok Textiles bought into $22 million Mileta, it left a good 40 per cent share with the existing shareholders, promising them a better valuation if Mileta...
PE firms pick up 10% in KPR Mills
PE firms pick up 10% in KPR Mills A consortium of private equity investors namely Blue River Capital, Brandot Investments and Argonaut have picked up nearly 10 per cent stake in the Coimbatore-based integrated textiles...
Grasim likely to buy stake in Austrian fibre-maker
Grasim likely to buy stake in Austrian fibre-maker The Aditya Birla group is believed to be in advanced talks to pick up stake in Austrian fibre manufacturer Lenzing. While an industry source said Grasim Industries, a...
Sanmar group buys Egyptian co for Rs 900 cr
Sanmar group buys Egyptian co for Rs 900 cr The Sanmar Group today announced two separate international acquisition agreements – one for a chemicals business of an Egyptian company for $200 million (Rs 900 crore)...
S Kumars to mull US acquisition on Nov 9
S Kumars to mull US acquisition on Nov 9 Textile company S Kumars Nationwide Ltd. said on Saturday its board will meet on Thursday to consider a proposal to acquire a home textiles company in the United States. Last...
Citigroup picks 5.7 pc stake in Donear
Citigroup picks 5.7 pc stake in Donear Mauritius-based fund house Citigroup Global Markets acquired a 5.77 per cent stake in domestic textiles company Donear Industries for about Rs 22.2 crore in open market...
Gujarat Heavy scouting for more acquisitions
Gujarat Heavy scouting for more acquisitions Encouraged by the successful acquisitions and turnarounds abroad, the Sanjay Dalmia-led Gujarat Heavy Chemicals Ltd (GHCL) is now planning to acquire more retail chains and...
Alok acquires 60% stake in Czech firm
Alok acquires 60% stake in Czech firm Alok Industries has acquired a 60 per cent stake in the Czech Republic-based fabric manufacturer, Mileta International. The company hopes it will help target the European market...
Alok Ind to buy 60 pc stake in Czech co Mileta
Alok Ind to buy 60 pc stake in Czech co Mileta Alok Industries will acquire a 60-per-cent stake in the Czech Republic-based Mileta International (Mileta) at a cost of 13.96 million. The Indian company retains the option...
Alok Inds to pick up 60% stake in Czech co
Alok Inds to pick up 60% stake in Czech co Textiles company Alok Industries has signed a memorandum of understanding (MoU) with Mileta International of Czech Republic to acquire 60% stake for e13.97m. Alok has retained...