Engineering company GEI Industrial Systems today said it has acquired an 82.17 per cent stake in GEI Power for Rs 12.99 crore. The company, on August 21, had acquired 18.43 lakh shares of GEI Power at a price of Rs 70...
US approves $7.4 bn Oracle-Sun deal
Software major Oracle has received green signal from the US Department of Justice for the proposed $7.4 billion-acquisition of hardware company Sun Microsystems. The deal announced in April, was approved by the...
McNally Bharat acquires German co
McNally Bharat Engineering Company Ltd has acquired the worldwide coal and minerals processing business and equipment manufacturing facility of KHD Humboldt Wedag, a German engineering company, for an undisclosed amount...
Tata Chem not to consider Rallis merger for now
Tata Chemicals has ruled out the merger of Rallis India with itself for the next six months but said options were open. Mr R. Mukundan, Managing Director, Tata Chemicals, said, “I can assure that we are not...
Berger to divest Malaysian stake
Asian Paints’ 100 per cent subsidiary Berger International, Singapore, has signed a conditional share purchase agreement to divest its entire shareholding in Berger International Sdn. Bhd., Malaysia, for RM...
Swedish co Koenigsegg to buy GM’s Saab by year-end
Koenigsegg Automotive, the Swedish maker of $1.2-million sports cars, agreed to buy Saab Automobile from General Motors by the end of the year, potentially moving the company into the automotive mass market. Completion...
Small mergers, acquisitions may not need court nod
Soon companies entering into small mergers and acquisitions (M&As) without any competition issues — such as abuse of dominant position and creation of a monopoly — or shareholder dissent, may not have to...
Divestment in 6-7 PSUs in next ten months, says Chawla
The Government has lined up plans to divest stake in at least six to seven public sector undertakings in the next 10 months, the Finance Secretary, Mr Ashok Chawla, told reporters here today. While refusing to name the...
US’ Travelocity buys Travelguru
The US-based online travel company Travelocity has acquired one of India’s largest online hotel distribution networks, Travelguru, for an undisclosed sum. “Travelguru will continue to operate as a standalone...
Cyber Tech Board to consider Buy Back
Cyber Tech Systems and Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 20, 2009, inter alia, to consider the proposal to buy back of Equity shares of the...
VLCC looks at acquisitions in wellness space
Beauty and wellness major VLCC is in talks with several companies in the wellness space, based both in India and abroad, for possible acquisitions. VLCC is also planning a joint venture with a US-based company...
Tata Chem buys 4 other group cos’ stakes in Rallis
Tata Chemicals has bought out the stakes of four other Tata group companies in Rallis India, and in the process increased its holding to 45.08 per cent. It paid a total of Rs 363.44 crore for acquiring the 35.68 per...
