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Wanbury close to buying Spanish drug firm Indian drug maker Wanbury Ltd. is close to acquiring a branded generics company in Spain for about 1.15 billion rupees ($25 million), a newspaper report said on Friday. The deal...

Indian Hotels to merge five arms with itself Indian Hotels Company today said it would amalgamate five hotels with itself. The company board approved the proposal to amalgamate Indian Resort Hotels, Gateway Hotels and...

Providence, Citi to buy 20% in Idea Providence Equity Partners and the Citi group are set to pick up a combined 20 per cent stake in the Aditya Birla group telecom company, Idea Cellular, for Rs 2,485 crore. The...

Aptech to buy 70 pc stake in Synergetics Aptech Ltd has announced that it will acquire 70 per cent equity stake in Mumbai-based Synergetics Information Technology Service India Pvt Ltd for Rs 3.5 crore. The company...

US fund buys 16% in Idea US-based private equity firm Providence Equity Partners has bought a 16 per cent stake in Idea Cellular Ltd, the fifth-ranked Indian mobile services firm, for $400 million. Idea Cellular is 98.3...

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 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 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 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 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 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 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...