Corus accepts takeover bid by Tata Steel Anglo-Dutch steelmaker Corus has accepted a $7.7 billion takeover bid from Tata Steel, the largest Indian takeover of a foreign company. The final details are now being agreed...
Corus accepts 4.1-bn pound Tata Steel offer
Corus accepts 4.1-bn pound Tata Steel offer Anglo-Dutch steelmaker Corus Group has accepted a takeover bid from Tata Steel for 4.1 billion pounds, the BBC has reported. The broadcaster said on Thursday, without citing...
3i Infotech to acquire UK’s Rhyme Systems
3i Infotech to acquire UK’s Rhyme Systems Indian software firm 3i Infotech Ltd said on Friday it had signed an agreement to acquire UK-based asset management software company, Rhyme Systems. No other details were...
Investment bankers vie for M& A pie
Investment bankers vie for M& A pie ABN Amro and Deutsche Bank are set to leapfrog up the merger and acquisition (M&A) advisory table in India from the bottom, thanks to Tata Steel’s acquisition of Corus...
Piped gas: IOC, RIL may form 50:50 joint venture
Piped gas: IOC, RIL may form 50:50 joint venture The New Delhi gas distribution joint venture project between IOC and Reliance Industries Ltd (RIL), which had got stuck on the issue of who would get to be majority...
Ranbaxy scouts for biotech acquisition
Ranbaxy scouts for biotech acquisition India’s largest drug maker by size, Ranbaxy, is scouting for a biotech acquisition that will give it a strong presence in the global biopharmaceutical market. The company...
3i Infotech to buy UK co for Rs 230 cr
3i Infotech to buy UK co for Rs 230 cr 3i Infotech Ltd said it will be acquiring Rhyme Systems, a UK-based £15-million revenue asset management software company. The cost of the acquisition will be £28...
Sierra Atlantic buys UK firm Iterion
Sierra Atlantic buys UK firm Iterion IT services provider Sierra Atlantic with a significant presence in Hyderabad has announced the acquisition of UK-based Iterion, an independent consultancy with presence in Europe...
Tata -Corus: Tata Steel to buy Corus for $8.1bn
Tata -Corus: Tata Steel to buy Corus for $8.1bn Corus Group, largest steelmaker in the UK, today agreed to a friendly takeover bid by Tata Steel in a deal that values it at pound 4.3 billion (nearly $ 8.1 billion). Tata...
Tata-Corus: Muthuraman says topline target $32bn
Tata-Corus: Muthuraman says topline target $32bn B Muthuraman, managing director of Tata Steel, said in a press meet in London that the new, combined entity of Tata Steel-Corus would have a capacity of 40 million tonne...
Punj Lloyd stake
Punj Lloyd stake
Punj Lloyd Ltd on Thursday said it has acquired the balance 12 per cent stake in Sembawang Engineers & Constructors through its wholly owned subsidiary, Punj Lloyd Pte Ltd, for about Rs 14 crore.
Tata-Corus: Huge synergies in medium-term
Tata-Corus: Huge synergies in medium-term Tata Steel’s acquisition of UK-based Corus has once again brought into focus new markets and customers it would gain in an industry that is getting consolidated with a few...
