Amtek Auto , the Delhi-based auto component maker has entered into 50:50 joint venture with Sumitomo Metals, which is part of Sumitomo Corporation of Japan. The Rs 100-crore joint venture will produce and sell forged...
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...
Yash Birla Group buys Melstar Information Tech
Marking its foray into the IT sector, the Rs 3,000-crore Yash Birla Group today said that it has acquired Melstar Information Technologies, an application development software services company...
DoT puts 3G, TCIL stake sale on Cabinet panel’s agenda
The Department of Telecom has listed five issues on the agenda for the new Cabinet Committee on Economic Affairs including finalising the reserve price for 3G auction and sale of stake by Telecommunications Consultant...
KKR, Diageo may buy USL stake
Private equity giant Kohlberg Kravis Roberts (KKR) and Diageo may buy a chunk of equity in the Vijay Mallya-led United Sprits, India’s largest liquor marketer and the parent of Scottish distiller Whyte &...
M&M, Caterpillar in engine JV talks
Automobile and farm equipment major Mahindra & Mahindra (M&M) is in advanced stages of talks with US-based construction equipment maker Caterpillar for a 51:49 joint venture, which will make engines for the US...
Gopinath ready to offload 10% stake in Kingfisher
With no private equity deal expected soon to finance his cargo business, Captain Gopinath, pioneer of low-cost flying in India, is open to the idea of selling his 10% stake in Vijay Mallaya’s Kingfisher Airlines...
Bharti open to acquiring domestic operators
Bharti Airtel on Friday said that it was open to acquiring domestic telecom operators as part of its strategy to add another 100 million subscribers in three years. The company, which today touched the 100-million mark...
Aegis to buy Australia’s UCMS Group for Rs 202 cr
Aegis BPO, the back office arm of the Essar Group, has entered into a definitive agreement to acquire Australian contact centre company UCMS Group for A$54 million (Rs 202 crore). This acquisition would enable Aegis to...
