ABG Shipyard has acquired another 2.12 lakh shares of Great Offshore through a bulk deal on the NSE at Rs 450 a share on Thursday, hiking its stake in the company to 7.8 per cent. On Wednesday, the company had acquired...
Zylog acquisition plan
The Chennai-based Zylog Systems Ltd plans to acquire two ‘target’ companies. One is a US-based company specialising in the development of advanced technology products and solutions to the US Federal, State...
Bharti, MTN likely to extend timeline for merger talks
Bharti Group and South Africa’s MTN Group are likely to extend the time period for discussing a possible merger. The two companies had earlier entered into an exclusive agreement to discuss synergies till July 31...
Zensar Tech plans stock buyback
The board of directors of Zensar Technologies has announced a stock buyback plan with a maximum price of Rs 165 a share and a minimum outlay of Rs 40 crore. . Dr Ganesh Natarajan, Vice-Chairman and Managing Director...
Abbott to buy Wockhardt’s nutrition biz for $130 m
Pharmaceutical and biotechnology major Wockhardt will sell its nutrition business to global healthcare company Abbott. While Wockhardt did not disclose the financial details, a Chicago Tribune report said the deal was...
Sanofi buys Merieux stake in Shantha
Sanofi Pasteur has bought the stake of Merieux Alliance in the Indian vaccine-maker Shantha Biotechnics to boost global vaccine development.. The transaction, set to close before the end of the third quarter, values...
Promoters of new telecom firms cannot sell stake for 3 years
After going back and forth, the Department of Telecom has finally decided to impose a three-year lock-in period on the equity stake held by promoters of new telecom companies. The DoT has notified amendments to the...
NFCL picks equity in Kakinada Fert
Nagarjuna Fertilizers & Chemicals Ltd (NFCL) has decided to acquire 50,000 equity shares of Rs 10 each amounting to Rs 5 crore in the equity share capital of Kakinada Fertilizers Ltd (KFL), a company involved in...
M&A norms for insurance sector soon: IRDA chief
The Government seems to be in no hurry to hike the foreign direct investment (FDI) cap in the insurance sector. Indications are that Parliament is unlikely to take up amendments to the Insurance Act in the ongoing...
M&A activity in first half down 54%: Study
Indian companies were involved in 136 mergers and acquisitions (M&A) in the first half of 2009, down 54 per cent when compared with the first half of last year. The deal activity was also down 28 per cent when...
Reliance Infra to handle ADAG’s cement business
Reliance Infrastructure Ltd will undertake the cement business for the Anil Ambani group. Earlier, the responsibility was with group company Reliance Natural Resources Ltd. “With a view to optimising internal...
Renuka Sugars may pick up stake in NCDEX
Goldman Sachs Investment (Mauritius), the arm of the New York-based investment bank, and Atlanta-based Intercontinental Exchange Inc have approached the commodity market regulator, Forward Markets Commission (FMC), to...
