Shaw Wallace to merge with United Spirits Spirits maker Shaw Wallace & Co Ltd said on Thursday that its board had approved merging the company with group firm United Spirits Ltd. Shaw Wallace shareholders would get...
daily
IFCI to sell about 20% stake to IFC
IFCI to sell about 20% stake to IFC Holding a carrot in front of potential strategic investors, the IFCI board has decided to bring in multilateral institution International Finance Corporation (IFC) as an investor...
Kumars eyes UK-based fashion firm
Kumars eyes UK-based fashion firm Textile firm S Kumars is learnt to be in advanced stage of negotiations to acquire a UK-based fashion outfit. The company is controlled by NRIs, said a source. The company supplies a...
Deccan may hive off aviation charter unit
Deccan may hive off aviation charter unit Deccan Aviation, in which Vijay Mallya’s UB group has picked up 46 per cent stake, may hive off its aviation chartering business into a separate entity. Deccan sources...
Kirloskar in talks for overseas buy
Kirloskar in talks for overseas buy The Kirloskar group, a leading pump manufacturing player, is in talks with a mid-size company overseas for acquisition. “Discussions with the company are in an advanced...
MindTree looking at mergers, acquisitions
MindTree looking at mergers, acquisitions IT and R&D services company MindTree Consulting is considering mergers and acquisitions in specialised R&D verticals it has added to its portfolio. Mr S. Janakiraman...
Nat_food-and-beverage_BS-1-MANews-0_2007Nov29.htm
United Spirits plans more acquisitions United Spirits will explore acquisition opportunities in 2008-09 (Apr-March), and focus on repaying loans that were taken for acquisitions in the current financial year that ends...
Quintegra reduces PAC buy value
Quintegra reduces PAC buy value Quintegra Solutions Ltd has brought down the cost of acquisition of PA Corporation (PAC), US, by Rs 50 crore to Rs 148 crore. This was done on renegotiations between the two companies. In...
Competition Act will curtail M&As, biz: Industry
Competition Act will curtail M&As, biz: Industry Influential lobby groups, business houses have taken up the issue with various govt arms. Industry is seriously concerned that the new Competition Act, passed by...
Stir against merger move
Stir against merger move Opposing the proposed merger of State Bank of Saurashtra and other associate banks with State Bank of India, the employees and officers in the SBI associate banks have decided to strike work on...
RINL keen to acquire Bird Group
RINL keen to acquire Bird Group Rashtriya Ispat Nigam Ltd (RINL), the holding company of Visakhapatnam Steel Plant, has evinced interest to acquire the entire Bird Group of Companies, including Orissa Mining Development...
Twinings brews buyout plan to boost presence
Twinings brews buyout plan to boost presence Twinings, makers of the world-renowned Twinings tea, the favourite beverage at Buckingham Palace and among British royal families for over 300 years, has drawn up aggressive...
