FMCG player Godrej Consumer Products today said it is ready to acquire some of its joint venture partner Sara Lee’s international businesses if the US-based company decides to sell its global assets...
Trent Equity shareholders to approve Scheme of Amalgamation
Trent Ltd has informed BSE that pursuant to an Order made on July 31, 2009, the High Court of Judicature at Bombay has directed that, a meeting of the Equity Shareholders of the Company will be held on September 16...
China’s CIC to buy U.S. mortgages: Sources
China’s $200 bn sovereign wealth fund, which made big paper losses on stakes in Morgan Stanley and Blackstone, is set to invest up to $2 bn in U.S. mortgages as it eyes a property market recovery, two people with...
Jaiprakash Power to merge with Jaypee Hydro
Jaiprakash Power Venture (JPVL), the power vehicle of Jaypee Group, will merge with Jaypee Hydro in the next four to five months, a top company official said today. "The merger is expected in the next four to five...
MphasiS acquires AIG’s IT arm in India
MphasiS, a Bangalore-based software services exporter, has announced that it has reached a definitive agreement with to acquire AIG Systems Solutions (AIGSS), part of US-based American International Group Inc. AIGSS is...
MphasiS to buy AIG Systems
IT services provider MphasiS Ltd said it has agreed to buy 100 per cent stake in AIG Systems Solutions Pvt Ltd for an undisclosed sum in an all-cash deal to strengthen its service offerings for the insurance sector. AIG...
L&T yet to make up its mind on Satyam stake sale
Although L&T had approached SEBI for a waiver from the lock-in period for selling its 6.9 per cent stake in Mahindra Satyam, the company has not yet received any answer, said Mr A.M. Naik, Chairman and Managing...
Tata Chem to buy out other Rallis India promoters
Tata Chemicals Ltd, a Tata group entity, plans to buy out the other promoters in group company Rallis India. Tata Chemicals has a 9.40 per cent stake in Rallis India as on June 30, 2009. In a communication to the stock...
Gujarat NRE may take over Rey
Gujarat NRE Minerals Ltd (GN M), Australian subsidiary of Gujarat NRE Coke, has received noobjection from the Australian Government for making an off-market takeover of Rey Resources Ltd, according to a company...
Godrej eyes Sara Lee’s foreign biz
Godrej Consumer Products, India’s second-biggest soap maker, may acquire some of Sara Lee Corp’s international businesses, including the US company’s stake in its Indian joint venture. Godrej Consumer...
Dabur eyes acquisitions in Africa; can spend Rs 1,000 cr on it
Dabur India is looking at aquisitions, especially in sub-Saharan Africa, this fiscal and is ready to spend up to Rs 1,000 crore on that, with some borrowings. "Its hard to put a date and number on it… I...
Aegis acquires Aussie BPO firm
Aegis, the back office firm promoted by the Essar group, said on Tuesday that it has completed the acquisition of Australia-based BPO firm UCMS Group for A$54 million (Rs 200 crore). Aegis has paid UCMS stockholders A$0...
