Everest Kanto Cylinder Ltd completes acquisition of the Kolkata-based Calcutta Compressions and Liquefaction Engineering Pvt Ltd (CC&L). According to an EKC release, the company has acquired 72.65 per cent...
Elder Heathcare to expand brand portfolio in 2009
In a bid to grow its outreach, Elder Healthcare, the FMCG wing of Elder Pharmaceuticals plans to expand its product portfolio in the oral care and personal care segment, with a special focus on the emerging male...
M&A activity declines 60% in Jan-March
Merger and acquisition (M&A) activity declined by nearly 60 per cent in the quarter ended March compared with the corresponding period last year, according to a study. Indian companies were involved in a total of 54...
Germany okays Satyam stake sale to Tech Mahindra
Satyam Computer Services has said it received clearance from the Seventh Division of the Federal Cartel Office of Germany for the acquisition of a controlling stake in the company by Tech Mahindra. Satyam also announced...
Not just L&T, TechM too acquired Satyam stocks, but sold at Rs 7-cr loss
Tech Mahindra, the new owner of the Satyam Computer Services, bought shares of the Hyderabad-based software exporter within days of its disgraced chairman Ramalinga Raju admitting to perpetuating an accounting fraud...
Tech M’s open offer for Satyam from Jun 12
Tech Mahindra, the information technology services subsidiary of Mahindra & Mahindra, which has deposited the money required to acquire 51 per cent stake in Satyam Computer Services, today announced an open offer...
Lanco Infratech sells bio-mass power arm to Agri Gold Projects
Lanco Infratech Limited, the flagship company of Hyderabad-based Lanco Group, has transferred the ownership, management and control of its subsidiary Rithwik Energy Systems Limited, which has a 6 Mw biomass-based power...
Valiant sells US subsidiary
Valiant Communications has announced to sell 60 percent of its total shareholding in its US subsidiary Valiant Communications and Technologies Inc to US based Orion Telecom Networks for a consideration of $390,000...
A new, improved Satyam?
When I was young (Oh God, there I go again!) a movie running for 100 days was a significant achievement. (Today however, I see posters heralding a triumphant ten-day-run of movies.) Aradhana, the Hindi movie with...
Tech Mahindra open offer for Satyam from June 12
Tech Mahindra’s open offer for a 20 per cent stake in Satyam Computer Services will commence on June 12 and close on July 1. The offer follows the acquisition of a 31 per cent stake in the company last week. Tech...
