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SP Apparels acquires spinning mill Apparels Ltd (SPAL), a Coimbatore-based fully integrated garment exporter and retailer, has acquired Sri Balaji Bakiam Spinning Mill having 12,672 spindles capacity at Vazhapady near...

IFCI: Is it destined to remain single? Be it a stroke of luck or a jinx — the country’s oldest financial institution IFCI will remain single thanks to all the failed efforts to find a suitor or a partner to...

Philips to buy US Respironics Philips Electronics NV is to buy US medical products company Respironics Inc for e3.6 billion ($5.2 billion), its biggest ever acquisition, as it expands in the fast-growing healthcare...

Lewis & Co offers to buy stake in Adarsh Plant Adarsh Plant Protect Ltd said on Wednesday Lewis & Co (Streatham) Ltd has offered to buy a 4.5 per cent stake. Adarsh is also negotiating with other investors to...

Saraswat Bank buys Nashik cooperative bank The country’s largest co-operative bank, Saraswat Co-Operative Bank, has announced the acquisition of the Nashik Peoples Co-Operative Bank, which has an accumulated loss...

LT Overseas acquires US rice firm Kusha In the first of its kind acquisition of a foreign foods firm by an Indian company, LT Overseas — which owns the ‘Daawat’ brand of basmati rice — has bought...

Merrill Lynch may pick 20% stake in Sharekhan Private equity(PE) investor Citigroup Venture Capital (CVC) is diluting a part of its 75% stake in brokerage firm Sharekhan. Financial services major Merrill Lynch is said...

Is IFCI destined to remain single? Be it a stroke of luck or a jinx, the country’s oldest financial institution, IFCI, will remain single , thanks to all the failed efforts to find a suitor or a partner to merge...

BNP Paribas seeks Centre’s nod for Geojit open offer The French banking group BNP Paribas has approached the Union Government seeking regulatory clearance for its open offer to shareholders of Kerala-based broking...

Adarsh Plant gets LoI from Lewis for stake buy Adarsh Plant Protect Ltd has informed the BSE that the company has received the LOI from Lewis & Co., (Streatham) Ltd., for taking in stake to the extent of 4.50 per...

Gujarat Apollo to divest 49% in Johnson Screens Mehsana-based Gujarat Apollo Industries has decided to divest 49 per cent of its holding in Johnson Screens (India), a joint venture company with Johnson Screens Inc, USA...

Singapore co invests in India Infoline Securities broking company India Infoline Ltd said it would raise Rs 555 crore ($141 million) through preferential issue of a 6.48 per cent equity stake to a Singapore-based...