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Gammon Infrastructure Projects Ltd. Tuesday said it will buy Spanish company Dragados Servicios Portuarios y Logisticos S.L.'s stake in their offshore terminal joint venture, Indira Container Terminal Pvt. Ltd. Portuarios currently holds 50% in the company, with Gammon holding the rest. Gammon Infrastructure said it will initially buy 24% from Portarious and purchase the remaining 26% three years after Indira Container's offshore terminal becomes commercially operational. […] US's media giant Turner will acquire Prannoy Roy-promoted NDTV's entertainment channel Imagine for about Rs546 crore, a deal that will help the Indian media group turn debt-free. While NDTV's 76% stake in NDTV Imagine would be given to Turner for $67 million (about Rs314 crore), the Time Warner company would acquire fresh equity worth $50 million to get 92% control of the entertainment channel launched last year. The deal is expected to help NDTV tide over a financial crisis, as is reflected in the Rs86 crore loss posted by the group during the quarter ending September 2009. […] Textile firm Alok Industries' retail venture Alok Retail India is in the last leg of raising finance from private equity players, a top company official said. “We will be signing the agreement by end-this month. The funds will be raised in two tranches. We will announce the exact amount to be raised soon,” Alok Retail's Director Varun S Jiwrajka told PTI here today. He, however, did not disclose the name of the PE firm the company has identified for the deal or the amount to be raised. […] |