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...
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Cash kitty of 3 US-listed Indian BPO cos crosses $530 million
The quarter numbers have turned out to be a bitter-sweet pill for this ITES pack, but the India-centric BPO providers listed overseas – Genpact, WNS and EXLService Holdings – have bolstered their combined...
Motherson Sumi buys Visiocorps global mirror biz
Motherson Sumi buys Visiocorps global mirror biz Auto component major Motherson Sumi Systems (MSSL) on Friday announced its acquisition of the UK-based Visiocorp’s global rear viewmirror business. The...
Quippo picks up 49% in Tatas tower arm
Quippo picks up 49% in Tatas tower arm Quippo Telecom Infrastructure (QTIL), a SREI Group subsidiary and the hived off tower-arm of Tata Teleservices will announce a partnership on Monday. The deal is as...
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...
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...
