Entegra Ltd has informed BSE that pursuant to an Order made on June 25, 2009, the Hon’ble High Court of Judicature at Bombay has directed that a meeting of the Unsecured Creditors of the Company will be held on...
Idea gets nod to hive off tower business
Idea Cellular has received the shareholders’ approval for hiving off its towers into a subsidiary — Idea Cellular Towers Infrastructure. This subsidiary will have Idea’s nearly 11,000 towers in nine...
Entegra equity shareholders to approve Scheme of Merger
Entegra Ltd has informed BSE that pursuant to an Order made on June 25, 2009, the Hon’ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on...
Bharati Shipyard – Updates on Open Offer to the shareholders of Great Offshore
SBI Capital Markets Ltd ("Manager to the Offer") on behalf of Natural Power Ventures Pvt Ltd ("NPVPL"/"Acquirer") along with Bharati Shipyard Ltd ("BSL") & Dhanshree...
Bharati Shipyard ups open offer price to Rs 405
Bharati Shipyard, which acquired 19.47 per cent stake in Great Offshore last month, has increased its open offer price to Rs 405 a share. On June 23, Great Offshore found itself at the centre of a takeover battle, after...
SEBI guidance to Bharti on MTN deal
The Securities and Exchange Board of India ( SEBI) in an “informal guidance” to Bharti Airtel has said that MTN Group would be required to make an open offer only if it converted the Bharti Airtel GDRs they...
Tata, JSW and Essar Steel in fray to buy Shree Precoated
Tata Steel, JSW Steel, Essar Steel and Uttam Galva Steels are eyeing to acquire a majority stake in Ajmera Group’s Shree Precoated Steel. "Three primary steel makers — Tata Steel, JSW Steel and Essar...
Aegis close to acquiring South Africa’s CCN for Rs 90 cr
Aegis, the BPO arm of the Essar Group, is close to acquiring South Africa-based firm Call Centre Nucleus (CCN) for about Rs 90 crore (ZAR 150 million). This is in line with the Group’s intention to expand its...
EXL acquires Schneider Logistics’ operations in Czech Republic
Nasdaq-listed EXL Service has acquired the operations of European logistics provider Schneider Logistics in the Czech Republic. The facility currently provides transaction processing services to Schneider and its...
Legal nod for Shaw Wallace merger with United Spirits
United Spirits, the flagship spirits firm of UB Group owned by billionaire Vijay Mallya, has said that it has got the required legal approval for merger of Shaw Wallace into United Spirits. United Spirits during...
CLB authorises Mahindra Satyam to allot shares
The Company Law Board has authorised Mahindra Satyam to allot 19,86,58,498 equity shares of Rs two each to Venturebay. "The company (Mahindra Satyam) is authorised to issue and allot...
SBI’s consolidation proposal hits union hurdle
The Centre has advised the State Bank of India not to pursue with the Reserve Bank of India the issue of acquisition of State Bank of Indore. Instead, the Government has now asked the SBI management to invite bank...
