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...
Sujana Metal shines on revamp, plans merger of unlisted entity
Sujana Metal shines on revamp, plans merger of unlisted entity Sujana Metal Products is remaining in Dalal Street’s active zone on its restructuring proposals. The stock finished 1.62 per cent higher at Rs 69.05...
Providence acquires 16% in Idea
Providence acquires 16% in Idea Private equity firm Providence Equity Partners has bought 16% in Idea Cellular for $400m (approx Rs 1,850 crore), securing a foothold in the fastest-growing telecom market in the world...
IFC picks up stake in Suguna Poultry for $11 m
IFC picks up stake in Suguna Poultry for $11 m International Finance Corporation (IFC), which signed an agreement to take $11 million stake in Suguna Poultry Farm Ltd, is looking at supporting such medium-sized...
Leveraged buys gain momentum
Leveraged buys gain momentum Leveraged acquisitions are set to occupy centre-stage as India Inc’s global buyout appetite goes into overdrive. In the next few months, Indian companies could launch takeover bids...
IFC may scoop up stake in mega power projects
IFC may scoop up stake in mega power projects International Finance Corporation (IFC), the private equity arm of World Bank, is in talks with power companies to pick stakes in the ultra mega power projects. It also said...
Govt to dilute 10 pc stake in four power sector cos
Govt to dilute 10 pc stake in four power sector cos The Government today said four state-owned power sector companies, including NHPC and Power Grid Corporation, are expected to go public in the next six months or so...
Dolphin Offshore plans JV with German firm
Dolphin Offshore plans JV with German firm Dolphin Offshore Enterprises India has signed an MOU with Germany-based IMPaC Offshore Engineering to set up a joint venture company in India. According to a release issued by...
US firm may buy 10% in Himalya International
US firm may buy 10% in Himalya International Food-processing units in the hinterland of India are flourishing and Himachal Pradesh-based Himalya International Ltd is a good example of the success of the regional food...
