The Government has taken an important step towards disinvestment of an 8.38 per cent equity stake in the iron ore producer NMDC with the Steel Ministry recommending the stake sale to the Department of Disinvestment in...
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Volvo, Eicher set up CV venture
Volvo, Eicher set up CV venture Sweden-based Volvo AB and Delhi-based Eicher Motors today announced a joint venture in India, the fifth biggest commercial vehicles market in the world, which will take on leaders Tata...
Essar Steel to acquire Shree Precoated
Essar Steel entered into a definite business transfer agreement on Monday to acquire Pune-based Shree Precoated Steels (SPS) for an undisclosed sum. Mr J. Mehra, Chief Executive Officer, Essar Steel, said at a press...
No obligation on Akzo Nobel for ICI India open offer: SEBI
No obligation on Akzo Nobel for ICI India open offer: SEBI The SEBI has ruled that Akzo Nobel need not come out with a mandatory open offer of 20 per cent to the public shareholders of ICI India after the Netherland...
ABG raises offer price for Great Offshore to Rs 520
The battle for Great Offshore has intensified with ABG Shipyard again hiking the offer price to Rs 520 a share after making a series of bulk and block purchases of Great Offshore stocks in the last few days. ABG...
L&T picks up 26% in Feedback Ventures
L&T picks up 26% in Feedback Ventures L&T has picked up 26 per cent equity in Feedback Ventures, a consulting firm in the infrastructure space, for Rs 40 crore. Meanwhile, DLF and Thapar Group, which earlier had...
Novopan drops amalgamation plan
Novopan Industries Ltd has decided to drop the proposal for amalgamation of Vertex Projects Ltd (erstwhile GVK Projects Ltd) along with its wholly owned subsidiary, GVK Aviations (P) Ltd (transferor companies) with...
Italian co to acquire 60% in Nicco unit
Italian co to acquire 60% in Nicco unit Italy’s Prysmian Group is poised to fork out a minimum of Rs 130 crore to acquire a majority 60% stake in Kolkata-based Nicco Corporation’s industrial cables business...
Defiance Tech scouting for buys
Defiance Tech, the Chennai-based engineering services company of the Hinduja Group, is set to establish an a centre in Bangalore. It is also on the lookout for acquisitions. The Bangalore centre would focus on aerospace...
ABG Shipyard ups Great Offshore offer price to Rs. 450
Stepping up the intensity of rivalry in taking over drilling firm Great Offshore, ABG Shipyard today further increased the open offer price, the second since June, offering Rs 520 a share. ABG, which is pitched against...
Aegis Logistics – Buy Back Offer
Karvy Investor Services Ltd ("Manager to the BuyBack") on behalf of Aegis Logistics Ltd ("Target Company") has issued this Public Announcement for Buy Back to the Equity Shareholders / Beneficial...
Deccan Chronicle – Buy Back Offer
Emkay Global Financial Services Ltd and Centrum Capital Ltd ("Managers to the Buyback") on behalf of Deccan Chronicle Holdings Ltd ("Target Company") has issued this Public Announcement...
