Transwarranty Capital Pvt Ltd ("Manager to the Offer") on behalf of Bharti Consumer Marketing Pvt Ltd, Agallochun Investment Pvt Ltd, Aught Investment Pvt Ltd, Anil Hospitality Ventures Ltd (previously called...
Menon Bearings Ltd – updates on amalgamation
Menon Bearings Ltd has informed BSE that the Hon’ble High Court of judicature at Bombay on May 02, 2009 has approved the Scheme of Amalgamation under Section 391 to 394 of the Companies Act, 1956 of Menon Alkop...
Indian Hotels buys 2.25 million shares of Orient Express
Indian Hotels, owner of the Taj Group of hotels, has bought 2.25 million shares of the New York-listed Orient Express Hotels (OEH) at $5.75 a share, in a market transaction totalling $12.93 million (about Rs 64.65...
Satyam allots 31% shares to Tech Mahindra arm
Satyam Computer Services today announced that it allotted 300.27 million shares (31 per cent of the share capital) to Venturbay Consultants, a subsidiary controlled by Tech Mahindra, which outbid rivals in the race to...
L&T inks pact with EADS to invest in defence biz
Larsen and Toubro has tied up with Europe’s EADS Defence and Security division to form a joint venture company for defence electronics in India. The facility to be set up at Talegoan, near Pune, at a cost of Rs...
Sahara India Investment picks up stake in STel
Sahara India Investment Corp Ltd has picked up a stake in one of the new telecom players STel Ltd, according to a report submitted by the Telecom Regulatory Authority of India (TRAI) to the Government. The report on how...
Live Nation sells three Boston theaters
Live Nation Inc., the world’s largest concert promoter, has agreed to sell three well-known theaters in Boston for about $22.5 million, using the proceeds to pay down debt. The buyer wasn’t named and the...
GCPL earmarks up to $1 bn for acquisitions in emerging mkts
FMCG major Godrej Consumer Products Ltd is eyeing acquisitions worth $1 billion in emerging markets in this fiscal, a top official of the company said. "We are looking at acquisitions worth up to $1 billion. The...
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...
Apollo Tyres offers to buy Dutch tyre maker
Delhi-based Apollo Tyres, the country’s second-largest tyre producer, has offered to acquire 100 per cent stake in Vredestein Banden B.V, a Netherland-headquartered premium tyre making for an undisclosed sum...
Ybrant Digital acquires Argentine firm
Ybrant Digital, a Hyderabad-based provider of digital marketing solutions, has acquired dream ad, an Argentine advertising network company, in all all-cash deal for an undisclosed sum. The acquisition, its...
Seamless merger versus takeover
Seamless merger versus takeover A seamless merger ensures that both the employees and shareholders of the amalgamating company continue to partake in the business as if nothing has happened. S. Murlidharan...
