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Elder Pharma plans JV in Ghana Betting big on the African market, Elder Pharmaceuticals is planning to set up a joint venture company in Ghana and expects to have footprints in about ten countries of the continent in...

Tata Power eyes Afro-Asian buyouts Tata Power, one of the leading private power players in the country, has drawn up plans to take its power footprints across the Afro-Asian region. The company, which has already...

Sonata buys 50% in German co for euro 18 mn Bangalore-based IT company Sonata Software has acquired a majority stake in the German firm TUI Info Tec. Sonata has acquired 50.1% in the Hanover-based company for euro 18 m...

Tata Tea sells 4.5% in group company Tata Tea Ltd today sold 4.5 per cent stake in another group company Tata Investment Corp to Tata Sons Ltd for about Rs 60 crore, aimed at part-funding its 677 million dollars (Rs...

Sical to buy Singapore firm Sical Logistics announced that it would acquire Singapore-based Bergen Offshore Logistics Pte Ltd, a provider of specialised logistics for offshore oil and gas exploration, for a...

IDFC buys 33% in SSKI for Rs 100 cr Infrastructure Development Finance Company (IDFC) has acquired 33 per cent stake in SSKI Ltd, a leading corporate finance and institutional securities company, for Rs 100 crore. Rajiv...

IndusInd plans big NBFC acquisition IndusInd Bank plans to acquire a large non-banking finance company (NBFC) in the next couple of years to “substantially” increase its retail portfolio. IndusInd managing...

Tata Tea sells 4.5 pc stake in group co Tata Tea Ltd on Friday sold a 4.5 per cent stake in another group company Tata Investment Corp to Tata Sons Ltd for about Rs 60 crore, aimed at part-funding its 677 million...

Videocon to take over Kanchan Foods VIDEOCON Industries on Thursday signed a memorandum of understanding (MoU) with the West Bengal Industrial Development Corporation to take over the closed Siliguri-based Kanchan Foods...

Godrej eyes buyouts in Brazil, Indonesia After acquisitions in Europe and Africa in the last twelve months, the Godrej group is now looking at possible acquisitions in Brazil and Indonesia. The acquisitions are likely...

ICI Paints to create Rs 1,500-cr corpus for acquisition ICI Paints intends to create a corpus of Rs 1,500 crore exclusively for acquisitions in the Indian domestic market. The plan is to rapidly increase the market...

M&M buys 68% in Germany`s Jeco Automobile major Mahindra & Mahindra (M&M) will acquire a 67.9 per cent stake in Jeco Holding AG, one of the top five forgings companies in Germany. M&M executives did not...