FMCG major Godrej Industries today said it has acquired the entire stake in its step down subsidiary Natures Basket Ltd (NBL) for an undisclosed amount. The company has acquired the entire shareholding in NBL from...
UK promoter fixes buyback price at Rs 135 a share for Avery
Weighing automation solutions provider Avery India today said its UK-based promoters will buy back its remaining 22 per cent stake in the company from the public at Rs 135 a piece, a move that would help to delist the...
Gitanjali to pick 70% in MobileNXT
Gitanjanli Gems is to acquire 70 per cent stake in Bangalore-based mobile phone retail chain MobileNXT Teleservices through its wholly owned subsidiary Gitanjali Lifestyle Ltd. Gitanjali Lifestyle has entered into an...
Areva to hive off T&D biz, to sell Indian arm
French power equipment maker Areva is all set to dispose of its transmission and distribution business, including its Indian arm Areva T&D. The company’s supervisory board, which...
SBI banks on SBS success for future M&As
Gears up to merge State Bank of Indore with itself in the next twelve months. State Bank of India (SBI) Chairman O P Bhatt received the final go-ahead from the government on the proposal to merge State Bank of...
Kavveri Tele buys 67% in Canadian firm
Kavveri Telecom Products Ltd, a maker of antennas and radio frequency (RF) products for the wireless industry, has acquired a 67 per cent stake in Canada-based design and development firm, Trackom Systems International...
Kamadgiri Synthetics – Updates on Scheme of Amalgamation
Kamadgiri Synthetics Ltd has BSE about the Court Order dated June 29, 2009 passed by the Bombay High Court on June 12, 2009 approving the Scheme of Amalgamation of Stripes Apparels Ltd with Kamadgiri Synthetics Ltd. The...
Hikal Pharma merges with Hikal
Bulk drug maker Hikal today said Hikal Pharmaceuticals has been merged with it following the scheme of arrangement already approved by the Bombay High Court. Hikal Pharmaceuticals stands dissolved without being wound...
National General equity shareholders approves scheme of Amalgamation
National General Industries Ltd has informed BSE that at the direction of Hon’ble High Court of Delhi vide order dated May 15, 2009, a meeting of Equity Shareholders was convened on June 30, 2009, for approval of...
Reliance Big TV evaluating proposals for stake sell
Anil Ambani’s Reliance Big TV today said it was evaluating proposals for diluting stake even as it has earmarked around Rs 600 crore investment in the current fiscal for expansion. Confirming the development...
Kavveri Telecom unit buys Canadian company
Kavveri Telecom Products Ltd said on Thursday that its Canadian unit acquired Montreal-based Trackcom Systems International to access a portfolio of products used for space defence and telecom applications. Terms of the...
Reliance Big TV evaluating proposals for stake sell
Anil Ambani’s Reliance Big TV today said it was evaluating proposals for diluting stake even as it has earmarked around Rs 600-crore investment in the current fiscal for expansion. Reliance Communications...
