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...
Tech Mahindra to opt for preferential allotment
Tech Mahindra today said it will request the Satyam board to allot shares on a preferential basis to raise its stake in the Hyderabad-based firm to 42.7 per cent as the company’s open offer received a tepid...
LG Balakrishan to acquire M M Gears
Coimbatore-based LG Balakrishnan & Bros (LGB) Ltd, a motorcycle chains manufacturer, today informed Bombay Stock Exchange (BSE) that the company has entered into an agreement with the promoters, directors of...
Wockhardt to shed more non-core biz
More non-core businesses will be sold in three to six months, the Wockhardt Chairman, Mr Habil Khorakiwala, told shareholders on Monday. The debt-ridden drug-maker has in the last 10 days announced the divestment of its...
Bombay HC sanctions RIL-RPL merger
The Bombay High Court today sanctioned the merger of Reliance Industries (RIL) and Reliance Petroleum (RPL), but stayed its own order to enable those who are against the merger to file an appeal...
Tech M now has 42% stake in Satyam
Open offer gets poor response, preferential allotment to follow On the conclusion of the mandatory open offer to shareholders of Satyam Computers, the new owner, Tech Mahindra, has a little over 42 per cent stake in the...
Motherson Sumi to buy out partners’ stake in JV
Auto component maker Motherson Sumi Systems said today it will acquire the stake of its partner Wilhelm Pudenz and Wickmann Werke in the joint venture firm Motherson Pudenz Wickmann. The...
Alstom in race for Areva’s T&D biz
Alstom of France, a global leader in the power generation equipment and services business, is believed to be the front-runner for buying out Areva’s power transmission and distribution division, according to...
Wockhardt to sell animal health unit to French company
Just 10 days after Wockhardt said it was selling its business in Germany, the debt-ridden drug-maker has announced that it is divesting its animal health division to France’s Vétoquinol for an undisclosed...
Reliance Retail looks to buy Henkel’s two soap brands
Mukesh Ambani’s Reliance Retail has put in bids to acquire two of Henkel India’s soap brands, a sign of the big ambitions it has in the fast-moving consumer goods (FMCG) business. Any deal for the male...
S Kumars to acquire US based Hartmarx for $119 million
Textile major S Kumars is all set to acquire Hartmarx, one of the last remaining American clothing manufacturers and better known for dressing President Barrack Obama, for $119 million. Hartmarx, the men’s largest...
Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK
Pump major Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK and the Far East, according to its Vice-President and Sector Head, Mr Pradeep Chapalgaonkar. The company has initiated talks with four-five...
