Bennett Coleman & Co Ltd (BCCL) has acquired a stake close to 17% in Bangalore-based Leisure & Lifestyle Information Services (LLIS), constituting both equity and convertibles. […]
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Bennett Coleman & Co Ltd (BCCL) has acquired a stake close to 17% in Bangalore-based Leisure & Lifestyle Information Services (LLIS), constituting both equity and convertibles. […] The Bombay Stock Exchange (BSE) is selling another 41 per cent stake to 20 investors, including domestic and foreign financial institutions, for about $ 384 million, becoming the biggest private placement of equity ever to be held in the country. […] Life Insurance Corporation (LIC) may get the government’s nod to acquire UTI Bank. The acquisition will give the country’s largest insurance company an entry into the banking sector. At present, LIC holds 10.38% stake in UTI bank. LIC may get … […] India’s largest private carrier Jet Airways said it had clinched a deal on Thursday to take over domestic rival Air Sahara after an earlier proposed $500-million agreement collapsed. The takeover valued at Rs14.5 billion ($337.8 million) will be India’s largest … […] E-learning solutions provider, Educomp Solutions, today said it has acquired 76 per cent stake in ThreeBrix E-Services Pvt Ltd. […] India's second largest private shipbuilder, Bharati Shipyard Ltd., has acquired UK-based Swan Hunter Shipyard for an undisclosed sum, the Business Standard daily reported on Tuesday, quoting sources. Bharati would dismantle Swan Hunters machinery and equipment and bring it to India over six months, the paper said. Bharati officials could not be reached immediately. “As a company policy we do not react on market speculation,” the paper quoted a Bharati spokesperson as saying. A comparable new shipyard would cost 2-2.25 billion […] As part of its product portfolio expansion through partnerships and strategic investments, Ranbaxy Laboratories said on Friday that it would pick up stake in Jupiter Bioscience, a manufacturer of specialised organic compounds. “This is an opportunity for us to expand … […] Securities Trading Corporation of India has put 49% stake on the block. International brokerage house Citigroup, Australia’s Macquarie Bank, Standard Chartered, France’s Societe Generale and Kuwait-based Global Investment House are in the race to acquire 49 per cent stake in UTI Securities, currently owned by Securities Trading Corporation of India (STCI). STCI, which bought 100 per cent stake in UTI Securities for Rs 265 crore last year from Specified Undertaking of UTI (SUUTI), is looking to sell […] Astro All Asia Networks plc, through wholly-owned unit, South Asia Entertaintment Holdings Ltd, will invest up to US$166 million (US$1=RM3.45) for a 20 per cent stake in Sun Direct TV Pte Ltd. In a statement here today, Astro said Sun Direct has a licence to provide direct-to-home digital satellite television services in India. “The balance 80 per cent in Sun Direct will be held by the Maran group, comprising Kalanithi Maran, promoter and chairman of Sun Network including the flagship […] Securities Trading Corporation of India has put 49% stake on the block. International brokerage house Citigroup, Australia’s Macquarie Bank, Standard Chartered, France’s Societe Generale and Kuwait-based Global Investment House are in the race to acquire 49 per cent stake in UTI Securities, currently owned by Securities Trading Corporation of India (STCI). STCI, which bought 100 per cent stake in UTI Securities for Rs 265 crore last year from Specified Undertaking of UTI (SUUTI), is looking to sell […] |