Deadline extended for Arcelor Mittal China’s Laiwu Steel Co Ltd, which has agreed to sell a minority stake to Arcelor Mittal, said the two sides had extended the deadline for the deal to wait for Beijing’s...
Hutch benchmarks the offer price at $14-bn
Hutch benchmarks the offer price at $14-bn As top bosses of Vodafone and Essar arrived here to negotiate a deal for acquiring Hutchison Telecom’s Indian business, its parent company has indicated it will not...
Videocon’s Daewoo bid in troubled watersVideocon’s Daewoo bid in troubled waters
Videocon’s Daewoo bid in troubled waters Videocon Industries’ ambitious plan to take over Daewoo Electronics for $750 million is in troubled waters, with the creditors not agreeing to a proposal to reduce...
Sujana group cos’ amalgamation gets shareholders nod
Sujana group cos’ amalgamation gets shareholders nod The scheme of arrangement between Sujana Metal Products Ltd (SMPL) and Sujana Towers Ltd (STL) and the amalgamation of Sujana Steels Ltd (SSL) with SMPL has...
Indivision buys 26% in BE Billimoria for Rs 75 cr
Indivision buys 26% in BE Billimoria for Rs 75 cr Mumbai-based contract construction company BE Billimoria & Co has raised private equity from Indivision, a Mauritius-based fund promoted by Future Capital, by...
Aurobindo arm acquires Dutch co Pharmacin
Aurobindo arm acquires Dutch co Pharmacin Hyderabad-based Aurobindo Pharma has, through its subsidiary Agile Pharma BV, Netherlands, acquired Euro 6 million Dutch generic pharma company Pharmacin International BV for an...
‘Bid for Corus may be revised’
‘Bid for Corus may be revised’ Indicating that Tatas could revise their 4.7 billion pounds bid for takeover of Corus, Group Chairman Ratan Tata on Thursday said he was not sitting on an "ego issue"...
Precision Group buys out UK partner in joint venture
Precision Group buys out UK partner in joint venture The Precision Group, manufacturer of camshafts, has acquired its UK partner’s stake in Clancey Precision Components Private Ltd (CPCPL), Mr Yatin Shah, Managing...
Hutch should go to `natural’ owner: Analjit
Hutch should go to `natural’ owner: Analjit Even as five major telecom firms are jousting to acquire it, the original Indian promoter of Hutchison Essar, Mr Analjit Singh, said that the company should go to its...
Core Projects plans two US buyouts
Core Projects plans two US buyouts Mumbai-based IT company Core Projects, which is involved in education projects, is close to acquiring two US companies. According to sources, the company is in negotiations to buy...
Shrachi Securities equity Shareholders to approve Scheme of Amalgamation
Shrachi Securities equity Shareholders to approve Scheme of Amalgamation Shrachi Securities Ltd has informed BSE that pursuant to the Order of Hon’ble High Court of Calcutta, separate meetings of the equity...
Rayban asked to make open offer
Rayban asked to make open offer The Supreme Court has directed Rayban Sun Optics and Luxottica group to make a public announcement of an open offer to the shareholders of RayBan Sun Optics India under the Sebi takeover...
