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...
Steer acquires Chinese pipeline firm
Steer, a leading player in polymer processing machinery, has acquired Zheng Feng of China, a single screw pipeline manufacturer, to strengthen its position as a leading extruder designer and manufacturer. This...
Russia earmarks over $670 m for 20% stake in Sistema Shyam
The Russian Federation has allocated over $670 million in this year’s budget to pick up around 20 per cent stake in Sistema Shyam Teleservices Ltd, according to the company President and Chief Executive Officer...
MTN bid won’t trigger open offer by MTN for Bharti’s shares
The proposed deal between Bharti Airtel and MTN will not violate the foreign direct investment norms. At the same time, as the deal is not a pure acquisition, but getting completed under a scheme, a company source said...
Bharti-MTN deal may be biggest M&A in India’s history
The proposed $23-billion mega deal between Bharti Airtel and South Africa’s MTN would be the biggest ever M&A transaction involving an Indian company. The potential value of the Bharti Airtel-MTN deal, which...
Promoters sell 4% holding in Suzlon for REpower stake
The Tanti family, promoters and majority shareholders of Suzlon Energy, today reported the sale of about 60 million shares, or about 4 per cent of the paid up share capital of the company. Post-sale...
SpiceJet open to acquisition opportunities
It may be troubled times for the airlines business, but low-cost carrier SpiceJet sees an opportunity in this and is keeping its antenna up to see if some worthwhile carrier comes its way at ‘right price’...
Bharti, MTN set to ring new $23-b merger tone
Bharti Airtel Ltd and South Africa’s MTN Group have restarted merger talks to create a $20-billion (in revenue terms) emerging markets telecom entity, a year after previous talks broke down over who would control...
Telenor completes 49 pc stake purchase in Unitech Wireless
Norway-based Telenor on Wednesday completed the acquisition for a 49 per cent stake in Unitech Wireless as it paid Rs 1,130 crore in the second tranche for a further 15.5 per cent stake in the company. "Unitech...
Telenor hikes stake in Unitech Wireless to 49%
Norway’s Telenor has raised its stake in Unitech Wireless to 49 per cent from 33.5 per cent, by infusing the second tranche of the funds (Rs 1,130 crore). Telenor had injected the first tranche of Rs 1,250 crore...
Yash Birla forays into IT sector -Acquires 49.59% in Melstar Info.
The Rs 3,000-crore Yash Birla group has ventured into the IT sector by becoming the single largest shareholder in Mumbai-based software services firm Melstar Information Technologies. According to the Bombay...
Orissa Sponge – Disclosure of acquisition of equity shares of Orissa Sponge Iron & Steel Ltd by Bhushan Energy Ltd
Bhushan Energy Ltd has informed BSE that Bhushan Energy Ltd ("BEL") along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR...
