Energy management major Schneider Electric on Thursday announced its second Indian acquisition in two months – that of Meher Capacitors from the family-run Meher Group, Bangalore. Mr Olivier Blum, Country...
Coke buys back Kinley bottling rights from franchisee bottlers
Hindustan Coca-Cola Beverages, the bottling subsidiary of Coca-Cola India, has acquired the bottling and distribution rights for its Kinley packaged water brand from franchisee bottlers in three states, ending a long...
Bharti working on revised MTN deal
Bharti Airtel is working on a revised offer for a possible deal with South Africa’s MTN, which may entail higher cash outgo and additional debt to be raised by the Indian company to fund the transaction, sources...
Indian cos success greater in domestic M&As than overseas
Indian companies have emerged as the most attractive and enthusiastic players in the mergers and acquisitions space, both domestically and globally, though success is more evident within the country, a report said...
Bharti Infratel sells $1 b stake to global investors
Bharti Infratel sells $1 b stake to global investors Bharti Infratel, the wholly owned telecom infrastructure subsidiary of Bharti Airtel Ltd, will sell off about 10 per cent stake to international investors for $1...
Southern Iron equity shareholders approve Scheme of Amalgamation
Southern Iron equity shareholders approve Scheme of Amalgamation Southern Iron & Steel Company Ltd has informed BSE that the equity shareholders of the Company at its court convened meeting held on December 28...
Austrian co to pick up 26% stake in Neolite
Austrian co to pick up 26% stake in Neolite Automotive lighting manufacturer Neolite Industries on Sunday announced that Austria-based ZKW Zizala Lichtsysteme GmbH will pick up a 26 per cent stake in the company for an...
Cos may get to fund buys abroad with shares of subsidiaries
Cos may get to fund buys abroad with shares of subsidiaries Indian companies may soon be able to finance their acquisitions abroad with the currency of equity shares of their subsidiaries. The Law Ministry is now...
Wockhardt shareholders nod selling animal healthcare biz
Debt-ridden Wockhardt today said it has received shareholders’ approval for selling its animal healthcare business to France-based Vetoquinol SA. "Hence, the ordinary resolution… Dispose off the Animal...
Shree Renuka Sugars to buy 5% stake in NCDEX
Decks have been cleared for South-based sugar processor Shree Renuka Sugars to buy 5 per cent stake in NCDEX from Goldman Sachs and ICE with existing shareholders showing no interest in buying the shares on sale. The...
Jindal Poly’s share buyback offer opens on Aug 11
Jindal Poly Films, a firm active in the business of yarns and polymer films, today said its share buyback offer worth Rs 73 crore would open from August 11. The company would be buying back...
NMDC plans to expand sponge iron capacity
The country’s single largest iron ore producer and exporter, NMDC Ltd, hopes to complete the merger of Sponge Iron India Ltd with itself in the next three months. Plans are afoot to enhance the capacity of its...
