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Citigroup to acquire 10.5% in Jindal Drilling for Rs 156 cr Citigroup is picking up a 10.47% stake in Jindal Drilling & Industries for Rs 156.3 crore through a preferential allotment. The drilling arm of the Rs...

Calsoft fully acquires Inatech Software Company Ltd has acquired 49 per cent minority shareholding in Inatech Infosolutions for $6.17 million (Rs 25 crore). It had already acquired 51 per cent stake for Rs 15 crore in...

UBI to go for mid-sized acquisitions overseas State-run lender Union Bank of India plans to expand overseas operations through acquisitions but will adopt the organic growth model within the country, a top bank official...

SB&T Int’l to buy Mimansa Jewellery biz, brand SB&T International Ltd has informed the NSE that the board at its meeting on December 17 has decided to cancel the Amalgamation of Mimansa Jewellery Pvt Ltd...

Asian Hotels equity shareholders & creditors to approve Scheme of Arrangement & Demerger Asian Hotels Ltd has informed BSE that pursuant to the Order made by the Hon’ble High Court of Delhi at New Delhi...

Sundram Fasteners acquires Upasana Sundram Fasteners Ltd has acquired the entire equity share capital of Upasana Engineering Ltd, a step-down wholly owned subsidiary at cost from Sundram Fasteners Investments Ltd...

Atlanta unit buys Olympic Cinema for Rs 48.6 crore Construction firm Atlanta Ltd said its subsidiary, Shreenath Builders, bought Olympic Cinema in Rajasthan for Rs 48.6 crore. The company plans to construct a commercial...

Mallya to buy Dalmore US rights for $80 mn UB Group chairman Vijay Mallya is expected to pay $60-80 million to American spirits giant Jim Beam for acquiring the distribution rights of Dalmore Single Malt in the US...

Daimler, Hero Group in commercial vehicle JV Daimler Trucks, the commercial vehicle business unit of the German automobile giant Daimler AG, announced its joint venture agreement with the Munjal-promoted Hero Group to...

HSBC open to acquiring PSU banks in ’09 HSBC is open to acquiring public sector banks (PSBs) in 2009. Naina Lal Kidwai, country manager, HSBC, said the new regulation should allow take over of public sector banks...

UTV completes Indiagames buy UTV Software Communications has completed its acquisition of 60 per cent stake in Indiagames, the online and mobile games company. The company will be integrated with UTV businesses which...

Canara Bank hikes open offer price for Canfin Homes to Rs 63 Canara Bank has raised the open offer price for acquiring the 43.14 lakh shares of Canfin Homes Ltd to Rs 63 per share. Indbank Merchant Banking Services...