The new government at the Centre should dilute its equity in Navratna companies by 20 per cent to mobilise Rs 3 lakh crore for containing the fiscal deficit, industry body Assocham said...
Titagarh Wagons amalgamation ratio with Titagarh Steel: 1:36
Titagarh Wagons Ltd today announced that the exchange ratio for the amalgamation of Titagarh Steel with the company had been fixed at 1:36. The company informed the stock exchanges...
No Teeside stake sale to Marcegaglia, Dongkuk: Tata
Tata Steel will not sell a stake in its Teeside cast products unit to Marcegaglia and Dongkuk after a consortium including the two cancelled a contract to buy the plant’s products, a senior Tata group official...
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...
Eveready to buy France’s Uniross for Rs 60 cr
Eveready Industries (India) Ltd (EIIL), the B M Khaitan group flagship, is buying out France’s rechargeable battery maker Uniross SA from CG Holding for a total consideration of 10 million euro (Rs 60 crore...
Aegis to buy Australia-based UCMS Group for Rs 203 cr
Aegis, the business process outsourcing arm of Essar Group, signed a deal to acquire Australian firm UCMS Group through an all cash transaction worth A$54 million (around Rs 203 crore). The acquisition is being done by...
BofA engaged in $3.3-bn worth M&A deal since Merrill merger
The government bailed out Bank of America may be scrambling to raise billions of dollars in additional capital but the financial services entity has been involved in 21 merger and acquisition deals worth $3.3...
Restructuring in US industries may benefit IT cos here
The ongoing restructuring activities in industries such as financial services or automotives in the US could result in deals for the Indian IT services players in the latter part of the fiscal. “As a result of the...
Parenteral Drugs – Updates on Scheme of Amalgamation
Parenteral Drugs India Ltd has informed BSE that by an order made on April 23, 2009, the Hon’ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be...
Filmcity Media – Updates on Scheme of Amalgamation
Filmcity Media Ltd has informed BSE that Hon. Bombay high court has approved the Scheme of Amalgamation of Filmcity Communication Technologies Ltd (Transferor) with the Company (Transferee) vide its order dated May 08...
Eveready Industries – Investment in an Overseas JV/Special Purpose Vehicle Company
Eveready Industries India Ltd has informed BSE that the Company has signed a Term Sheet on May 14, 2009 with C G Holding of 54-56 avenue Hoche – 75008 Paris, France for the investment by the Company both by way of...
Max India to sell 4.4% to IFC
Analjit Singh-owned insurance and healthcare company Max India is raising Rs 150 crore through a preferential allotment of shares to International Finance Corporation (IFC), the private sector investment arm of World...
