The bid to control Great offshore took a new turn on Wednesday after ABG Shipyard acquired over 19.26 lakh shares of Great Offshore in separate bulk deals on the BSE and NSE at Rs 450 a share. This has automatically...
Govt plans to sell 74% stake in HMT Bearings
The government is considering to offload up to 74% stake in HMT Bearings (HBL) and is also looking for joint venture partners in some other public sector enterprises (PSEs) in a bid to revive sick units. “The...
ABG Shipyard increases stake in Great Offshore to 7.8%
ABG Shipyard has acquired another 2.12 lakh shares of Great Offshore through a bulk deal on the NSE at Rs 450 a share on Thursday, hiking its stake in the company to 7.8 per cent. On Wednesday, the company had acquired...
Sumitomo Trust to buy Citi’s Japanese asset mgmt arm
Sumitomo Trust and Banking Co will acquire Nikko Asset Management, the Japanese asset management arm of Citigroup, for about 112.4 billion yen. The acquisition is expected to be completed by October 1, Sumitomo Trust...
Softsol India Board approves Buy-Back of Shares
Softsol India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has approved the following: 1. Annual General Meeting of the Company for the year 2009 will...
Zylog acquisition plan
The Chennai-based Zylog Systems Ltd plans to acquire two ‘target’ companies. One is a US-based company specialising in the development of advanced technology products and solutions to the US Federal, State...
Bharti, MTN likely to extend timeline for merger talks
Bharti Group and South Africa’s MTN Group are likely to extend the time period for discussing a possible merger. The two companies had earlier entered into an exclusive agreement to discuss synergies till July 31...
SAT reprieve for Heidelberg open offer
SAT reprieve for Heidelberg open offer Heidelberg Cement on Wednesday got a temporary reprieve with the Securities Appellate Tribunal (SAT) allowing the German company to go ahead with its open offer to shareholders of...
L&T Infotech acquires US-based GDA Tech
L&T Infotech acquires US-based GDA Tech Larsen & Toubro Infotech (L&T Infotech), a subsidiary of the Larsen & Toubro Ltd, has signed a definitive agreement to acquire GDA Technologies Inc, and all of its...
Britannia Ind eyeing W. Asian cos
Britannia Ind eyeing W. Asian cos Britannia Industries Ltd has announced that it proposes to acquire a majority stake in two bakery product companies in West Asian market. According to a press release, the acquisition...
Corus gives more time to Tata Steel, CSN to revise bids
Corus gives more time to Tata Steel, CSN to revise bids The battle for Corus is going to be a long-drawn one, with the Anglo-Dutch steel maker extending the time limit for its two suitors, Tata Steel and Brazil’s...
Hindujas scout for hospital JV partner
The diversified Hinduja Group is actively scouting for a partner to speed up the setting up of its first hospital in Chennai. One of the foreign collaborators whose name is doing the rounds is that of Massachusetts...
