|
Investment bankers of the carriers to meet next week. Barely two months after the Air Sahara acquisition, Jet Airways, the country’s largest private airline, is interested in SpiceJet, the Delhi-based budget carrier. Investment bankers of both the companies are expected to meet next week to discuss the issue. […] An Indian tycoon, Vijay Mallya, is pursuing another takeover deal, soon after buying a stake in a rival airline, as well as a Scottish liquor company. Mr. Mallya, chairman of the UB Group, an airline and liquor conglomerate, is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a Dubai investment fund and a group of investment banks […] Taro Pharmaceutical Industries lost somewhere between $95 million to $120 million in the year 2006. It's down to just $13 million cash and owes bondholders and the banks $240 million. The details appear in the summons that Taro sent to shareholders, to attend an assembly on June 23, on which they'll vote on the company's proposed acquisition by Sun Pharmaceutical Industries of India. Sun proposes to pay $7.75 per Taro share and to undertake the Israeli drug company's tremendous liabilities. […] The Bombay Stock Exchange Ltd. has offered to buy a 26 percent stake in Ahmedabad-based National Multi-Commodity Exchange of India (NMCE), a source close to the development said on Tuesday. Incidentally, one of NMCE's founders, Neptune Overseas Ltd., is also … […] Euronext-listed Yatra Capital Ltd said its unit, K2 Property Ltd, has bought Eredene Mauritius Ltd from Eredene Capital PLC for 18.07 mln eur. The company said the acquisition — part of its 29.98 mln eur real estate investment plan in India — will provide it with a number of high quality real estate projects in the country. […] British Telecommunications (BT) has completed the acquisition of i2i Enterprise Pvt Ltd following governmental and regulatory approvals. BT had planned the acquisition in February through BT Telecom India Pvt Ltd, its joint venture company with Jubilant Enpro Pvt Ltd. i2i is a Mumbai-based enterprise services company that specializes in Internet protocol (IP) communications services. […] Vijay Mallya-led UB Group, which has acquired 26 per cent in Deccan Aviation, on Wednesday made an open offer to shareholders of the company to buy an additional 20 per cent stake for about Rs 420 crore. Kingfisher Radio, a wholly-owned subsidiary of United Breweries Holding, made the offer for acquiring 2.70 crore shares of Deccan Aviation at a price of Rs 155 per share. […] ISMT Ltd on June 05, 2007 has announced that the Company through its subsidiaries and affiliates, has acquired a 100% stake in Structo Hydraulics AB (“Structo”), one of the largest and most well renowned manufacturer of tubular components for the hydraulic cylinder industry. These are downstream products made from seamless tubes manufactured by the Company. […] While it may not be commenting on its reported hostile takeover plan of Hindalco, $24 billion Canada-based aluminium giant Alcan has made clear its long- term intentions in India. Its step-down subsidiary Alcan Composites on Tuesday acquired a 76% stake in local aluminium architectural façade company Alukbond for an undisclosed sum. Alcan Composites is the $800 million business unit of $6-billion Alcan Engineered Products, which is a subsidiary of Alcan Inc. […] Sintex Industries through its US-based subsidiary Sintex Holding US, acquired US-based Wausaukee Composites (WCI) for a total enterprise value of USD 20.5 million, reports Business Standard. |