DLF picks up 19 pc in Feedback Ventures DLF Universal has picked up 19 per cent stake in Delhi-based infrastructure consultancy Feedback Ventures Pvt Ltd for about Rs 16 crore. "The total value of Feedback is Rs 84...
Security screen for M&As, core sector funding
Security screen for M&As, core sector funding The National Security Council (NSC) secretariat has proposed security screening should not be limited to just foreign direct investment proposals but also cover mergers...
HC plugs tax evasion leak in M&A formula
HC plugs tax evasion leak in M&A formula Amalgamation of companies as a tax avoidance/evasion device is going to be difficult from now on, thanks to a recent order by the company court of the Bombay High Court. The...
Actis takes 65 pc stake in Nilgiris
Actis takes 65 pc stake in Nilgiris The UK-based private equity firm Actis has bought out about 65 per cent stake in the family-run Nilgiris Dairy Farm. The members of the family hold the balance stake. The value of the...
Cambridge Univ Press buys Indian publishing firm
Cambridge Univ Press buys Indian publishing firm Cambridge University Press (CUP) has acquired a majority stake in Delhi-based publishing company Foundation Books. CUP, the oldest printing and publishing house in the...
ONGC-Mittal may acquire 50% in Kazakh oil co
ONGC-Mittal may acquire 50% in Kazakh oil co India is finally set to open its account in the central Asian oil kingdom — Kazakhstan has offered up to 50% stake in the Satpayev oil block in the Caspian Sea to ONGC...
Indian, AI told to seek staff feedback on merger
Indian, AI told to seek staff feedback on merger The Union Government has suggested that the top brass of Air India and Indian jointly consult with their staff before a final decision is taken on the merger of the two...
IA, A-I merger may get a special tax dispensation
IA, A-I merger may get a special tax dispensation The government may promulgate an Ordinance for according a special dispensation to the proposed merger of Indian Airlines and Air-India and allowing the new entity claim...
Steel in the melting pot of mergers
Steel in the melting pot of mergers Jayanta Mallick D. Murali Waves were battering the jagged coastline, as if they were ever trying to consolidate in strength. And Binoy, watched from one of the ancient stone chariots...
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...
