The deal between Bharti Airtel and South African telco MTN is likely to be inked only by September this year. It is learnt that the two companies could extend the exclusivity period for discussion by a few weeks. The...
Infosys to buy Progeon staff shares
Infosys to buy Progeon staff shares Infosys Technologies has announced a Rs 76 crore buyback plan for employees who hold shares of the erstwhile Progeon – now Infosys BPO. The buyback has been necessitated after...
TravelPort buys Sri Balaji Tours
TravelPort buys Sri Balaji Tours TravelPort India, has acquired 100 per cent stake in Sri Balaji Tours and Travels, the company announced in a press release on Tuesday. The value of the deal was not disclosed. The...
Tata won’t bid Corus adieu, hires Rothschild as advisor
Tata won’t bid Corus adieu, hires Rothschild as advisor The bidders in the hotly-contested race for Corus may not hang up their boots yet. Tata Steel has roped in UK-based merchant bankers NM Rothschild & Sons...
Reliance Mutual fund picks up 3% in Air Deccan
Reliance Mutual fund picks up 3% in Air Deccan Low cost airlines seem to be the flavour of the season for large corporate groups looking for financial investment. Just a day after the Tata group investment companies...
KKR in talks with ADAG to bid for Hutch Essar
KKR in talks with ADAG to bid for Hutch Essar Kohlberg Kravis Roberts & Co (KKR), one of America’s top private equity funds, has begun talks with the Anil Ambani group to try to form a partnership that will...
Tata likely to fight back on Corus
Tata likely to fight back on Corus Tata Steel has recovered fast from the punch delivered by Brazil’s Companhia Siderurgica Nacional yesterday. The company is busy formulating a strategy to improve the offer for...
SpiceJet deal gets even more spicier
SpiceJet deal gets even more spicier A clutch of investors including the Tata group, Texas Pacific Group, Istithmar, Goldman Sachs, PNB Paribas, and Swiss Finance Corporation are set to pick up a 25% stake in low cost...
Make M&A disclosures mandatory, says panel
Make M&A disclosures mandatory, says panel Businesses going in for mergers and acquisitions must seek the Competition Commission of India’s approval before they make their moves. This has been suggested by a...
PE firms pick up 10% in KPR Mills
PE firms pick up 10% in KPR Mills A consortium of private equity investors namely Blue River Capital, Brandot Investments and Argonaut have picked up nearly 10 per cent stake in the Coimbatore-based integrated textiles...
US-based Trimble buys @Road
US-based Trimble buys @Road The US-based Trimble has acquired @Road Inc, an American company with software development centre in Chennai, for $496 million. After deducting @Road’s net cash position of $79 million...
Diageo to buy 43% in China’s oldest distillery
Diageo to buy 43% in China’s oldest distillery Diageo, the world’s largest liquor maker, plans to make its first acquisition in China by buying shares in Sichuan Swellfun, the nation’s oldest distiller...
