Just 10 days after Wockhardt said it was selling its business in Germany, the debt-ridden drug-maker has announced that it is divesting its animal health division to France’s Vétoquinol for an undisclosed...
Fight for Great Offshore could drain internal accrual
The race for acquiring a stake in offshore oilfield service provider Great Offshore Ltd (GOL) gained pace with ABG Shipyard making a counter offer early on Tuesday, and Bharati Shipyard announcing its intention of...
No smooth sailing for Novartis, Pfizer open offers
It has not been a smooth sailing for multinational drug companies Novartis and Pfizer looking to hike stake in their Indian arms. Novartis’ open offer to hike equity in its local arm to 90 per cent did not meet...
Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK
Pump major Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK and the Far East, according to its Vice-President and Sector Head, Mr Pradeep Chapalgaonkar. The company has initiated talks with four-five...
DuPont acquires cotton seed biz of two companies
In a significant move, DuPont has entered the cotton business in India, by announcing the acquisition of the seed business of two companies. The global science company has through Pioneer Hi-Bred purchased the cotton...
Bharati Shipyard, ABG battle for Great Offshore
Bharati Shipyard’s bid to wrest control of Great Offshore Ltd took a new turn on Tuesday with ABG Shipyard, a rival company, making a counter offer to the shareholders of the Mumbai-based offshore service company...
Mahindra Satyam to merge with Tech Mahindra
Mahindra Satyam, the rechristened Satyam Computer Services, will merge with Tech Mahindra as part of an effort to promote greater synergies. “It is only logical as there are a lot of synergies between the two...
Reports of Addax bid, court verdict pull down Reliance
The stock of Reliance Industries Ltd (RIL) continued its downward movement on Monday following reports that the company was in the race for acquiring London-based oil and gas firm Addax Petroleum. Last week RIL shares...
Tenon buys Rotopower Projects
Facility management firm Tenon Property Services, a subsidiary of LSE-listed and Singapore-based Mortice Ltd, has acquired Delhi-based Rotopower Projects Pvt Ltd for a consideration of Rs 10 crore. The acquisition has...
NTPC buys 44.6% in TELK
NTPC Ltd said on Monday it was buying a 44.6 per cent stake in Transformers and Electricals Kerala Ltd (TELK), from the Kerala Government. The power producer said the stake was valued at Rs 31.34 crore ($6.4 million)...
Godrej sets up M&A cell, to focus on rural markets
The Godrej group has decided to set up a mergers and acquisitions (M&A) cell to explore opportunities in India and abroad. Mr Adi Godrej, Chairman, Godrej Group, said at a recent analysts meet, “We have great...
Satyam offer: Tech Mahindra gets US nod
Telecom solutions company Tech Mahindra said on Thursday that it has received approval from the US anti-trust authority regarding its Rs 1,154-crore open offer for the purchase of an additional 20 per cent stake in...
