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...
Orbit Corporation – Hon’ble High Court of Bombay judicature approve Scheme of Amalgamation
Orbit Corporation – Hon’ble High Court of Bombay judicature approve Scheme of Amalgamation Orbit Corporation Ltd has informed BSE that the Hon’ble High Court of Bombay judicature vide its order passed...
Reliance Brands to form JV with Italy’s Sixty Group
Reliance Brands to form JV with Italy’s Sixty Group Mukesh Ambani-led Reliance is moving into the fashion high street. The recently floated Reliance Brands Pvt Ltd, a subsidiary of Reliance Retail, is inking a...
Centurion Bank eyeing NBFC
Centurion Bank eyeing NBFC Centurion Bank, which recently acquired Lord Krishna Bank(LKB), would be once again looking for an inorganic growth opportunity. Besides banks, Centurion Bank could also be looking to buy out...
Indiabulls buys Piramyd Retail
Indiabulls buys Piramyd Retail Indiabulls Wholesale Services, the retail arm of Indiabulls Real Estate, has acquired Piramyd Retail, a company owned by the Ashok Piramal Group which runs 35 neighbourhood retail stores...
Stemcor, Ispat form Rs 900 crore JV
Stemcor, Ispat form Rs 900 crore JV To set up coke oven plant near Mumbai in which the UK company will hold 76 per cent stake UK-based Stemcor and steel major Ispat Industries have entered into a joint venture (JV) to...
Voltas to get full control in JVs Universal Comfort, Saudi Ensas
Voltas to get full control in JVs Universal Comfort, Saudi Ensas Fedders International Air-conditioning has decided to offload its 50 per cent stake in joint venture company, Universal Comfort Products, to partner...
M&A deal sizes to touch $80-billion this year
M&A deal sizes to touch $80-billion this year The spurt in mergers and acquisitions (M&A) activity being witnessed since the last couple of years, involving Indian companies, is expected to touch a combined deal...
Indian Hotels buys 11.5 pc stake in Orient-Express for $247mn
Indian Hotels buys 11.5 pc stake in Orient-Express for $247mn Indian conglomerate Tata group has raised its stake to 11.5 per cent in Orient-Express Hotels, while proposing a strategic tie-up with the owner of numerous...
