ICICI Bank will sell 5% of its equity stake in Asset Reconstruction Company of India (Arcil) to an African bank, First Rand Bank, for little less than Rs 40 crore. Arcil deals in bad loans, and the development reflects a … […]
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ICICI Bank will sell 5% of its equity stake in Asset Reconstruction Company of India (Arcil) to an African bank, First Rand Bank, for little less than Rs 40 crore. Arcil deals in bad loans, and the development reflects a … […] Nusli Wadia`s GoAir and Madurai-based Paramount Airways are looking at a merger where the former may be open to divesting 40 percent stake to the latter, the Economic Times paper said on Tuesday. Quoting unidentified sources, the report said Paramount … […] Indian automobile component maker Amtek Auto Ltd said it has acquired the entire assets of UK-based JL French's (Witham) Ltd, a maker of aluminium components for automotive industry. The company did not disclose financial details of the deal. […] Flagship carrier Air India is exploring a strategic alliance or an equity stake in Serbia’s national carrier Jugoslavenski Aerotransport (JAT), an official said on Monday. “Discussions are on for a joint venture. We are also exploring the possibility of buying a stake in JAT,” said Air India executive director (public relations) S. Venkat. State-run Air India was exchanging data including traffic and looking at valuations and profitability, he added. […] Tata Tea today made an open offer to purchase an additional 20% stake in Mount Everest Mineral Water (MEMW) for Rs 95.19 crore. The Tata group firm will acquire up to 67.99 lakh equity shares at a price of Rs 140 each, to be funded through internal accruals, the company said in a public announcement. […] France Telecom on Monday confirmed it was in exclusive discussions to acquire two units of Indian network services provider GTL Ltd to reinforce its corporate services in India. “Orange Business Services confirms having started exclusive talks with GTL in order to buy two divisions,” said a spokesman at France Telecom, adding these were information technology and telecom network management businesses. The Economic Times, quoting a source close to the talks, said at the weekend that France Telecom was close to acquiring GTL's IT business for about 2.5-3.0 billion rupees. […] India’s Rain Calcining Ltd said it had agreed to acquire US-based CII Carbon LLC. for $595 million in an all cash deal, making the combined entity the world’s largest maker of calcined petroleum coke. Calcined petroleum coke is a pure … […] United Breweries (Holdings) Ltd, which has acquired 26% stake in the country’s largest low-cost airline company Deccan Aviation Ltd for Rs 550 crore, will fund the deal partly through internal accruals. In keeping with the laws governing Indian stock markets, UBHL will also make an open offer next week to Deccan Aviation’s shareholders to acquire an additional stake of at least 20%. […] France Telecom is set to acquire network service provider GTL’s IT business for about Rs 250-300 crore. The acquisition, to be made through France Telecom’s business arm, Orange Business Services, would mark the group’s first acquisition in India. ET has … […] Sintex Industries board of directors yesterday approved acquisition of 81% of the shareholding of Wausaukee Composites (WCI), a company organized under the laws of the State of Wisconsin, US by the company. According to a release issued by Sintex to the BSE today, the company has acquired 81% of the shareholding of WCI in the first tranche and the balance shareholding subsequently. Sintex Holding US, the subsidairy of Sintex has acquired the stake of WCI. […] |