Orient Global picks 22.5% in India Info arm for $77m India Infoline has inked a $76.7 million equity deal by selling stake in its consumer finance subsidiary India Infoline Investment Services (IIIS) to Singapore-based...
Rane Engine equity shareholders to approve Scheme of Demerger, Merger & Amalgamation
Rane Engine equity shareholders to approve Scheme of Demerger, Merger & Amalgamation Rane Engine Valves Ltd has informed BSE that pursuant to the Order made by the High Court of Judicature at Madras, a meeting of...
Rain Calcining merges with Rain Commodities
Rain Calcining merges with Rain Commodities Rain Commodities Ltd has merged Rain Calcining Ltd, while the cement business of Rain Industries is transferred to it, as per a scheme of amalgamation approved by the Andhra...
Bharti, MTN talks extended to Aug 31
India’s Bharti Airtel and South Africa’s MTN on Monday extended their July 31st deadline further by one month to conclude exclusive merger talks. If successful, this merger will create the world’s...
Bombay HC dismisses appeal against RIL-RPL merger
Bombay High Court dismisses the appeal against approval to merger of RIL and RPL.
Details Awaited
RINL-Manganese Ore JV
Rashtriya Ispat Nigam Ltd (the Vizag steel plant) and the Manganese Ore India Ltd have formed a joint venture – RINMOIL Ferro-Alloys Pvt Ltd – to manufacture ferro-alloys, according a press release. The JV...
Godrej Consumer equity shareholders approve Scheme of Amalgamation
Godrej Consumer Products Ltd has informed BSE that pursuant to the directions given by the Hon’ble High Court of Bombay under section 391 of the Companies Act, 1956, a meeting of the Equity Shareholders of the...
Unitech may sell tower-making business: Report
Indian property developer Unitech Ltd is trying to sell its telecom tower-making business for up to 7.5 billion rupees ($157.6 million) as part of its deleveraging initiatives, a newspaper said on Tuesday. Unitech...
‘Consolidation inevitable
‘Consolidation inevitable’ Consolidation in the banking industry is inevitable, said Mr H.N. Sinor, Chief Executive, Indian Banks’ Association. “As the economy is growing, there is an ever...
Nirma to buy US-based soda ash producer
Nirma to buy US-based soda ash producer
Nirma Ltd said on Tuesday it would buy a US-based soda ash producer, Searles Valley Minerals Operations Inc and Searles Valley Minerals Inc.
SEL Manufacturing acquires 99% stake in firm Kudu Industries
SEL Manufacturing acquires 99% stake in firm Kudu Industries SEL Manufacturing Company Ltd has informed BSE that the Company has increased its stake to 99% in Kudu Industries, Ludhiana as a partner in the said...
3i completes SDG amalgamation
3i completes SDG amalgamation 3i Infotech Ltd has informed the BSE that consequent to the approval of the Andhra Pradesh High Court and the filing of the order with the Registrar of Companies at Hyderabad, the company...
