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...
Indiabulls Sec buyback from May 14
Indiabulls Securities said on Wednesday that its buyback offer will commence on May 14 instead of May 6. The offer will close on March 5, 2010. On April 22, the company had announced that it would be buying back between...
Floating dock for Bharati Shipyard
Recently Bharati Shipyard hit the headlines following the announcement of its acquisition of more than 14 per cent stake in Great Offshore. There was another development of no less significance, though not much...
Why Fonterra chose to exit from dairy joint venture
Continuous losses, contract manufacturing weigh down prospects. “Only in cheese is the brand holding on with a 20 per cent-odd market share, compared with its main rival, Amul’s 65 per cent.” Harish...
SEBI wants Bharti to clarify on stake hike
The Securities and Exchange Board of India has sought clarifications from Bharti Group on whether the company has violated its norms by increasing promoter’s stake in Bharti Airtel from 60.91 per cent to 67...
Seamless merger versus takeover
Seamless merger versus takeover A seamless merger ensures that both the employees and shareholders of the amalgamating company continue to partake in the business as if nothing has happened. S. Murlidharan...
Will BNP Paribas takeover of Fortis impact here?
BNP Paribas’ takeover of Fortis Bank will have its echo in India, say sources in the know. BNP Paribas, the French bank, has a joint venture in India with Sundaram Finance of Chennai for an asset management...
Takeaways from the Satyam saga
The Satyam scam saga may be, but the Hyderabad IT firm’s woes are not. There is still a lot of uncertainty around the restatement of accounts, legal liabilities, transition plans and surplus employees. The sale to...
New Zealand’s Fonterra exits joint venture with Britannia
Investing in India’s consumer dairy market not a core priority at this time: Fonterra. Bangalore, April 28 Britannia Industries will acquire the entire stake of Fonterra, the company’s joint venture partner...
M&A activity declines 60% in Jan-March
Merger and acquisition (M&A) activity declined by nearly 60 per cent in the quarter ended March compared with the corresponding period last year, according to a study. Indian companies were involved in a total of 54...
Germany okays Satyam stake sale to Tech Mahindra
Satyam Computer Services has said it received clearance from the Seventh Division of the Federal Cartel Office of Germany for the acquisition of a controlling stake in the company by Tech Mahindra. Satyam also announced...
A new, improved Satyam?
When I was young (Oh God, there I go again!) a movie running for 100 days was a significant achievement. (Today however, I see posters heralding a triumphant ten-day-run of movies.) Aradhana, the Hindi movie with...
