Specialty chemicals company Lanxess India Pvt Ltd is set to acquire the chemical businesses and some assets of Gwalior Chemical Industries Ltd for Rs 536 crore (€82.4 million), a cost that includes debt of Rs 156...
Pfizer acquires Vetnex business
Pfizer Animal Health has acquired Vetnex Animal Health Ltd, Ranbaxy’s animal health business that was later divested to ICICI Venture. The acquisition is expected to close by the end of the third quarter of the...
Huawei may bid for majority stake in ITI
Chinese telecom vendor Huawei may be one of the interested bidders for picking up stake in the factories owned by State-run Indian Telephone Industries Ltd. Huawei told Business Line that it was open to discussing...
Sanlam to raise stake to 49 % in Sriram Life
South Africa-based Sanlam Group, which holds 26 per cent stake in Shriram Life Insurance, today said it would increase its stake in the company to 49 per cent as soon as the Indian government raises FDI cap in the...
Will Citi sell stake worth $1.71 bn in HDFC?
Troubled US banking giant Citigroup, under pressure from US regulators to raise fresh capital and change its leadership, has a potentially-ready source of capital, its 11.73% stake in India’s largest mortgage...
Suzlon ups stake in REpower to 90.72%
Wind turbine maker Suzlon Energy today said its stake in Germany based REpower Systems AG has increased to 90.72 per cent, with the acquisition of Martifer Group’s 14.4 per cent stake in the company. Suzlon has...
Grainger to acquire Asia Pacific Brands India
North America’s leading distributor of facilities-maintenance products Grainger today said it will acquire its joint venture in India, industrial and electrical wholesale distributors Asia Pacific Brands India Pvt...
Tech Mahindra makes changes in Satyam open offer
IT firm Tech Mahindra has extended the date for approaching the shareholders of Satyam Computer regarding its Rs 1,154-crore open offer for the purchase of a 20 per cent stake in the scam-hit firm, a move which comes...
HUL defers Capgemini stake sale by a year
Consumer goods major Hindustan Unilever (HUL), which had earlier planned to sell its 49% stake in its BPO unit to Capgemini SA by March 2009, now plans to do so only by March 2010. The maker of Lifebuoy soaps and Surf...
Intel buying Wind River Systems for $884 mn
Intel said on Thursday that it has agreed to buy software maker Wind River Systems for 884 million dollars in a bid by the US semiconductor giant to get its chips into more devices. The Santa Clara, California-based...
GVK takes over EMRI management
Emergency Management and Research Institute, which runs the ‘108’ emergency medical help ambulance service, has been renamed GVK-EMRI. It has also made additions to its board. These changes come as a...
Suzlon completes acquisition of Martifer stake in REpower
Suzlon Energy Ltd has informed BSE that the completion of the acquisition of Martifer Group’s stake in REpower Systems AG, with a final payment of Euro 87.6 million. The Purchase of Martifer’s stake in...
