The Rs 2,800-crore Aurobindo Pharma Ltd (APL) will buy out its group company — Trident Life Sciences Ltd (TLSL), a clinical research organisation (CRO) – for about Rs 135 crore. The board of directors of the...
MphasiS to buy AIG Systems
IT services provider MphasiS Ltd said it has agreed to buy 100 per cent stake in AIG Systems Solutions Pvt Ltd for an undisclosed sum in an all-cash deal to strengthen its service offerings for the insurance sector. AIG...
L&T yet to make up its mind on Satyam stake sale
Although L&T had approached SEBI for a waiver from the lock-in period for selling its 6.9 per cent stake in Mahindra Satyam, the company has not yet received any answer, said Mr A.M. Naik, Chairman and Managing...
Tata Chem to buy out other Rallis India promoters
Tata Chemicals Ltd, a Tata group entity, plans to buy out the other promoters in group company Rallis India. Tata Chemicals has a 9.40 per cent stake in Rallis India as on June 30, 2009. In a communication to the stock...
Gujarat NRE may take over Rey
Gujarat NRE Minerals Ltd (GN M), Australian subsidiary of Gujarat NRE Coke, has received noobjection from the Australian Government for making an off-market takeover of Rey Resources Ltd, according to a company...
SAT stops Zenotech open offer
Japanese drug maker Daiichi Sankyo’s open offer that was to open tomorrow to mop up an additional 20 per cent of Zenotech Laboratories, Hyderabad, has hit yet another hurdle. This time, it is the Securities...
TTK Group getting ready to go shopping
Consumer appliances to healthcare company TTK Group is firming up plans to acquire a slew of food-processing units as well as expand its appliances portfolio. The group has also changed its plans to set up a shopping...
Aegis acquires Aussie BPO firm
Aegis, the back office firm promoted by the Essar group, said on Tuesday that it has completed the acquisition of Australia-based BPO firm UCMS Group for A$54 million (Rs 200 crore). Aegis has paid UCMS stockholders A$0...
SQL Star open offer
Superstar Exports Pvt Ltd, which is among the promoter group and has a holding of 32.53 per cent in SQL Star International, has announced an offer to public shareholders to acquire 20 per cent, or 74.30 lakh shares, at...
Schneider buys Meher Capacitors
Energy management major Schneider Electric on Thursday announced its second Indian acquisition in two months – that of Meher Capacitors from the family-run Meher Group, Bangalore. Mr Olivier Blum, Country...
Cash kitty of 3 US-listed Indian BPO cos crosses $530 million
The quarter numbers have turned out to be a bitter-sweet pill for this ITES pack, but the India-centric BPO providers listed overseas – Genpact, WNS and EXLService Holdings – have bolstered their combined...
NMDC plans to expand sponge iron capacity
The country’s single largest iron ore producer and exporter, NMDC Ltd, hopes to complete the merger of Sponge Iron India Ltd with itself in the next three months. Plans are afoot to enhance the capacity of its...
