Emergency Management and Research Institute, which runs the ‘108’ emergency medical help ambulance service, has been renamed GVK-EMRI. It has also made additions to its board. These changes come as a...
Take Solutions deal with Korean co
Chennai-based Take Solutions has struck a deal with IL-Yang Pharmaceutical Company of South Korea, under which Take will provide ‘investigational new drug submission services’ to the pharma company. The...
MP Labs accepts exit price for Matrix shares
MP Laboratories (Mauritius) has issued a public notice to the shareholders of Matrix Laboratories that it has accepted the price of Rs 211 an offer share (‘exit price’) established by the reverse book...
Novartis hikes offer price to Rs 450 a share
Swiss drugmaker Novartis has increased its offer price to acquire an additional 39 per cent in Novartis India Ltd, from the initially proposed Rs 351 to Rs 450 a share. The 28 per cent hike in offer price was to...
Bharti-MTN deal: Pointer to the future
The merger talks between Bharti Airtel and South African telecom company, MTN, is a pointer to an emerging trend in the Indian telecom growth story. Saturated urban markets, declining average revenue per user, tighter...
Suzlon promoters sell 4% stake to fund REpower buy
The Tanti family, promoters of Suzlon Energy Ltd, on Monday reported the sale of about 60 million shares or about 4 per cent of the paid-up share capital of the company. Funds raised from the sale would be used for...
Bharti-Del Monte venture to invest Rs 100 cr in food processing facility
FieldFresh Foods Pvt Ltd, a 50-50 joint venture between Bharti Enterprises and Del Monte Pacific Ltd, will invest Rs 100 crore in establishing a greenfield food processing facility near Hosur, Karnataka. The plant...
Funding the merger not a major issue: Bharti
Bharti Airtel on Tuesday said that funding the proposed merger with South African telecom major MTN was not a major issue. The last time the company had initiated talks with MTN in 2008, it had received offers from...
Telecom sector leads M&A activity in India
The telecommunication sector has been a significant driver of mergers and acquisitions (M&A) in India accounting for the highest share of deals at 18.6 per cent and 22 per cent during the last two years with values...
RCom gets nod for demerger of optical fibre division
Reliance Communications (RCom) said on Tuesday that it has received shareholders’ approval for the demerger of its optical fibre division and subsequent merger with wholly-owned arm, Reliance Infratel. The...
Steer acquires Chinese pipeline firm
Steer, a leading player in polymer processing machinery, has acquired Zheng Feng of China, a single screw pipeline manufacturer, to strengthen its position as a leading extruder designer and manufacturer. This...
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...
