Asian Paints’ 100 per cent subsidiary Berger International, Singapore, has signed a conditional share purchase agreement to divest its entire shareholding in Berger International Sdn. Bhd., Malaysia, for RM...
Small mergers, acquisitions may not need court nod
Soon companies entering into small mergers and acquisitions (M&As) without any competition issues — such as abuse of dominant position and creation of a monopoly — or shareholder dissent, may not have to...
Divestment in 6-7 PSUs in next ten months, says Chawla
The Government has lined up plans to divest stake in at least six to seven public sector undertakings in the next 10 months, the Finance Secretary, Mr Ashok Chawla, told reporters here today. While refusing to name the...
US’ Travelocity buys Travelguru
The US-based online travel company Travelocity has acquired one of India’s largest online hotel distribution networks, Travelguru, for an undisclosed sum. “Travelguru will continue to operate as a standalone...
Aurobindo Pharma to acquire group firm Trident Life Sciences for Rs 135 cr
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...
