The acquisition of the controlling stake of 14.9 per cent in Great Offshore by Bharati Shipyard (through its subsidiaries) by way of purchase of pledged shares in a non-cash deal technically “averted”...
UBS acquires DJ-AIG Commodity Index
The equities arm of UBS Investment Bank completed on May 6 the acquisition of the commodity index business of AIG Financial Products Corp, including AIGs rights to the Dow Jones-AIG Commodity Index (DJ-AIGCI). The...
Floating dock for Bharati Shipyard
Recently Bharati Shipyard hit the headlines following the announcement of its acquisition of more than 14 per cent stake in Great Offshore. There was another development of no less significance, though not much...
Cholamandalam DBS Finance CDR approved
Cholamandalam DBS Finance Ltd, promoted by Chennai-based Murugappa Group today said that it has received Madras High Court’s approval for company’s proposed capital restructuring. In an announcement to...
IBM buys data analytics software maker Exeros
International Business Machines Corp (IBM.N), the world’s second-largest software maker, said on Tuesday it has acquired Exeros, a privately held maker of computer programs that help companies analyze data across...
Alstom or Siemens may join BHEL-NPCIL JV
Power equipment maker BHEL today said it is scouting for a third partner for its existing joint venture with the Nuclear Power Corporation and is in talks with foreign companies, including Alstom and Siemens, for...
Dr Batras forms JV for hair care
Super-specialty healthcare clinic Dr Batras on Tuesday formed a joint venture company with the US-based Nu/Hart for hair transplant and hair re-growth solutions. The company, named as Dr Batra’s Nu/Hart Hair...
Wockhardt eyes Rs 150 cr from vet unit sale
Wockhardt will sell its animal healthcare business for an amount not less than Rs 150 crore. The company on Wednesday proposed the divestment of this asset through a postal ballot that will close on June 1, 2009. While...
Dabur India open offer for Fem Care to start on May 7
FMCG major Dabur India today said its open offer for acquiring an additional 20 per cent stake in Fem Care will begin on May 7. Dabur India said its open offer to the shareholders of Fem...
Suzlon raises stake in REpower to 76 pc
Suzlon Energy Ltd has raised its stake in Germany’s REpower Systems to 76 per cent, after paying Martifer 30 million euros ($40 million) last week, the company said on Monday. In December, Suzlon, the...
STFC to hive of construction equip fin biz
Shriram Transport Finance ( STFC), India’s largest asset financing NBFCs and a dominant player in financing second hand trucks, has lined of slew of initiatives to build up its portfolio through inorganic route...
Fiat steps up efforts to acquire stake in Opel: Reports
Italian car maker Fiat SpA, which is in the process of acquiring the US automaker Chrysler, has intensified its efforts to acquire a majority stake in General Motor’s German unit Opel, a move which may lead to...
