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...
GlobalLogic plans to buy R&D unit
GlobalLogic, a provider of software product development services, plans to acquire a Bangalore-based captive R&D unit of a US company this month. The target captive centre employs 40-50 professionals and focuses on...
Steel Ministry proposes 8.38% NMDC stake sale
The Government has taken an important step towards disinvestment of an 8.38 per cent equity stake in the iron ore producer NMDC with the Steel Ministry recommending the stake sale to the Department of Disinvestment in...
Essar Steel to acquire Shree Precoated
Essar Steel entered into a definite business transfer agreement on Monday to acquire Pune-based Shree Precoated Steels (SPS) for an undisclosed sum. Mr J. Mehra, Chief Executive Officer, Essar Steel, said at a press...
ABG raises offer price for Great Offshore to Rs 520
The battle for Great Offshore has intensified with ABG Shipyard again hiking the offer price to Rs 520 a share after making a series of bulk and block purchases of Great Offshore stocks in the last few days. ABG...
Novopan drops amalgamation plan
Novopan Industries Ltd has decided to drop the proposal for amalgamation of Vertex Projects Ltd (erstwhile GVK Projects Ltd) along with its wholly owned subsidiary, GVK Aviations (P) Ltd (transferor companies) with...
Defiance Tech scouting for buys
Defiance Tech, the Chennai-based engineering services company of the Hinduja Group, is set to establish an a centre in Bangalore. It is also on the lookout for acquisitions. The Bangalore centre would focus on aerospace...
L&T seeks SEBI nod to exit Mahindra Satyam
Engineering and construction major Larsen and Toubro has sought the Securities and Exchange Board of India’s approval to sell its stake in IT services company Mahindra Satyam. L&T will be able to exit the...
HCL Tech completes US data centre buy
HCL Technologies on Monday announced that it had completed the acquisition of a 35,000 sq ft data centre from a Fortune 500 organisation in New Jersey. The new data centre would help HCL expand its delivery footprint in...
