FieldFresh Foods Pvt Ltd, a 50-50 joint venture between Bharti Enterprises and Del Monte Pacific Ltd, will invest Rs 100 crore in establishing a greenfield food processing facility near Hosur, Karnataka. The plant...
Funding the merger not a major issue: Bharti
Bharti Airtel on Tuesday said that funding the proposed merger with South African telecom major MTN was not a major issue. The last time the company had initiated talks with MTN in 2008, it had received offers from...
Telecom sector leads M&A activity in India
The telecommunication sector has been a significant driver of mergers and acquisitions (M&A) in India accounting for the highest share of deals at 18.6 per cent and 22 per cent during the last two years with values...
RCom gets nod for demerger of optical fibre division
Reliance Communications (RCom) said on Tuesday that it has received shareholders’ approval for the demerger of its optical fibre division and subsequent merger with wholly-owned arm, Reliance Infratel. The...
Swiss Re, Religare in JV talks
Swiss Re, the world’s second-largest reinsurer, is in talks with New Delhi-based Religare Enterprises to form a joint venture to launch a health insurance company in India, an executive of the Indian company said...
Suzlon promoters sell 4% stake to fund REpower buy
The Tanti family, promoters of Suzlon Energy Ltd, on Monday reported the sale of about 60 million shares or about 4 per cent of the paid-up share capital of the company. Funds raised from the sale would be used for...
Mirc Electronics – Updates on Scheme of Amalgamation
With reference to the earlier annoucement dated May 11, 2009 regarding the Hon’ble High Court of Bombay has sanctioned the scheme of amalgamation of Guviso Holdings Pvt. Ltd (Transferor Company) with Mirc...
Unitech sells hotel for Rs 200 crore
Third sale in two months, more to follow. Unitech Ltd, the country’s second-largest real estate developer, has sold its under-construction hotel on National Highway-8, Gurgaon, for Rs 200 crore to an individual...
Bharti group JV enters food & beverages market
The venture will also invest in R&D operations in Punjab. The Mittal-promoted Bharti group — with interests in telecom, insurance, realty and retail — has ventured into the food and beverage (F&B)...
Morgan Stanley buys 7.68% stake in Indiabulls Real Estate
Foreign fund house Morgan Stanley has acquired 7.68 per cent stake in Indiabulls Real Estate for about Rs 570.18 crore, through qualified institutional placement (QIP) route. Morgan Stanley & Co International...
Bharti, MTN shares slide on bourses amid merger talks
A day after Indian telecom major Bharti Airtel renewed efforts to acquire a 49 per cent stake in South Africa’s leading wireless-services provider MTN, shares of both the companies registered losses of as much as...
Hefner may sell Playboy for 200 mn pounds: report
Hugh Hefner, the founder of adult entertainment publication Playboy may part with his creation for about 200 million pounds, says a media report. "The 83-year-old is reported to be considering selling the company...
