Promina to buy Suncorp for $6 bn Australian insurer Promina Group agreed to a A$7.6-billion ($5.8 billion) takeover by banking and insurance group Suncorp-Metway that will create the country’s second-largest home...
‘Centurion-LKB merger not under Cos Act’
‘Centurion-LKB merger not under Cos Act’ A counter-affidavit filed in the Kerala High Court, by Mr B. Swaminathan, Managing Director, Lord Krishna Bank, pointed out that banking companies were controlled...
Indian Charge Chrome merges with Indian Metals
Indian Charge Chrome merges with Indian Metals Indian Metals and Ferro Alloys Ltd (IMFA) has announced the merger of group company Indian Charge Chrome Ltd with itself. Post-listing the promoters holding would be around...
Videocon seals Daewoo Elec buy
Videocon seals Daewoo Elec buy The consortium led by Videocon Industries has signed a preliminary agreement to acquire South Korea’s beleaguered Daewoo Electronics for 700bn Won or about $729m. The deal would mark...
Ripplewood likely to bid $10 bn for Delphi
Ripplewood likely to bid $10 bn for Delphi US buyout firm Ripplewood Holdings is preparing a likely bid for bankrupt auto parts maker Delphi Corp that could top $10bn, The Wall Street Journal reported on Saturday...
Govt to divest 10% residual stake in Maruti to FIs, banks
Govt to divest 10% residual stake in Maruti to FIs, banks The government is all set to divest its 10.27% equity stake in Maruti Udyog Ltd (MUL) to domestic financial institutions (FIs) and banks. The proposal is...
Videocon buys Daewoo Elec for $700 mn
Videocon buys Daewoo Elec for $700 mn Videocon on Monday said a consortium led by it has reached an agreement to acquire South Korea’s debt-burdened Daewoo Electronics for Rs 3,150 crore. The agreement was signed...
RHJ agrees on joint buy of Daewoo Elec
RHJ agrees on joint buy of Daewoo Elec Belgian holding company RHJ International said on Monday it had entered an agreement with Videocon Industries Ltd to jointly acquire South Korean appliance maker Daewoo Electronics...
Roy’s Quatrro buys 100% in Flextronics’ BPO arm
Roy’s Quatrro buys 100% in Flextronics’ BPO arm In its first 100% takeover of a business Raman Roy-promoted Quatrro has acquired the BPO arm of Flextronics Software Systems (FSS) along with 120 employees in...
Four Soft to buy shipping biz of FWL Tech
Four Soft to buy shipping biz of FWL Tech Transport and logistics software technology company Four Soft Ltd, has announced that it has entered into an agreement to acquire the assets of the freight and shipping software...
Tata Steel shareholders are in for a long haul
Tata Steel shareholders are in for a long haul How big is the Corus deal compared to Tata’s size? Rekha Sam Tata Steel is to fork out $3.88 billion, which is almost twice its foreign exchange earnings by way of...
Balmer Lawrie to hive-off tea biz, eyes tourism
Balmer Lawrie to hive-off tea biz, eyes tourism Diversified PSU Balmer Lawrie and Company today said it will hive-off its loss-making tea business and specialty container division as part of the company’s...
