Tata Steel may acquire 20% in Corus for $1.5bn Tata Steel may acquire at least a 20 per cent equity stake in its Anglo-Dutch rival Corus Group for pound 800 million ( $ 1.5 billion), according to a report in The Mail on...
Wanbury buys Spanish co Cantabria for Rs 250 cr
Wanbury buys Spanish co Cantabria for Rs 250 cr Wanbury Ltd has got a toe-hold in the European market through the acquisition of Spain-based Cantabria Pharma for 42 million (Rs 250 crore). The consideration would go up...
Wanbury acquires Spanish drugmaker for Rs 240 cr
Wanbury acquires Spanish drugmaker for Rs 240 cr Pharma company Wanbury on Monday said it has agreed to acquire Spanish drugmaker Industria Farmaceutica Cantabri’s branded generic business for E42m (Rs 240 crore)...
Deutsche Bank offers to buy Yukos
Deutsche Bank offers to buy Yukos Yukos has received a takeover offer from the Russian subsidiary of Deutsche Bank, the company’s chairman said in a report on Monday, a move analysts said could represent a bid by...
Traffic increases in deal street; June M&A vol touches $851 mn
Merger & acquisition(M&A) activities in the country have gained momentum with the total deal volume in June touching $850.62 million, which is much higher than in May. The total...
Pfizer increases stake in Indian arm to 72%
The US-based pharma giant Pfizer has been able to increase its stake in its Indian arm, Pfizer India, from 41.2% to around 72% through its open offer, which closed early this month. The 72% holding falls a tad short of...
Bharti-MTN deal is ‘well thought out’: Sunil Mittal
Telecom czar Sunil Mittal has said that Bharti Airtel’s proposed USD 23 billion transaction with South African telecom major MTN is a "well thought out" deal. The planned deal with MTN is expected to...
HCL Axon buys UCS’ Enterprise Solutions SAP practice for Rs 380 cr
HCL Axon, a division of HCL Technologies, which provides Business Transformation consultancy and services through the implementation and support of SAP technologies, has announced a strategic partnership with UCS Group...
Provogue in JV pact with UK’s Liberty InternationalProvogue in JV pact with UK’s Liberty International Provogue India Ltd said on Monday it had entered into a joint venture agreement with UK-based Liberty International Plc, which will pick up a 25 per cent stake in its unit, Prozone Enterprises Pvt Ltd. Liberty’s equity investment in the venture will be Rs 2.03 billion. The joint venture will develop and manage regional shopping centres in India, Provogue said in a statement.
Provogue in JV pact with UK’s Liberty International Provogue India Ltd said on Monday it had entered into a joint venture agreement with UK-based Liberty International Plc, which will pick up a 25 per cent stake...
Matrix move to give 10% more to Mylan
Matrix move to give 10% more to Mylan To allow its new promoters to pick up an extra 10 per cent stake, Matrix Laboratories is planning a $100 million foreign currency convertible bond (FCCB) issue. US-based Mylan...
India Inc in acquisition mode in Europe
India Inc in acquisition mode in Europe India Inc has launched a major offensive to increase its global presence with a significant number of corporate houses making takeover bids for British and European companies...
Siemens to merge service, software units to cut costs
Siemens to merge service, software units to cut costs Siemens, Europe’s largest engineering company, will combine its unprofitable computer-services division with software development subsidiaries in the second...
