| Vishal Cotspin Ltd has announced that the Board of Directors of the Company at its meeting held on March 26, 2007, has unanimously approved the scheme of merger of the Company with Madanapalle Spinning Mills Ltd (MSM).
The merger shall … […] Mumbai-based financial service provider Fortune Financial Services India Limited (FFSIL) is learnt to have diluted 22% of its equity to a group of UK-based foreign institutional investors for Rs 22 crore. The investors, headed by Lytton Group Corporation, have valued … […] The leading integrated player in the textiles sector in India, Rajasthan Spinning and Weaving Mills Ltd (RSWM Ltd) has announced that it had concluded a transaction to acquire 48.17 percent stake in Bangalore-based Cheslind Textiles Ltd for Rs 27.8 crore, … […] Indian specialty chemicals maker Dorf Ketal Chemicals India Pvt Ltd said on Wednesday it had bought ExxonMobil Chemical's component additive business for an undisclosed amount. Mumbai-based Dorf Ketal makes additive chemicals used in oil refineries and petrochemicals plants. “This acquisition … […] AIG Capital India Private Limited, a wholly owned subsidiary of American International Group, Inc., signed an agreement to acquire 100% of the outstanding equity of Weizmann Homes Limited, a housing finance company registered with the National Housing Bank from Weizmann … […] Dutch asset manager Robeco Groep NV — a part of the European banking giant Rabobank Groep — will buy 49% stake in Canara Bank's asset management arm to gain a foothold in the country's robust mutual fund industry. Bennett, Coleman & Co (BCCL) has inked an agreement to pick up around 5% stake in Ahmedabad-based Sai InfoSystem (India). India`s largest paper manufacturer, Ballarpur Industries Ltd (BILT), plans to invest close to $1 billion over the next seven or eight years to expand the operations of Malaysia's largest integrated pulp and paper mill, Sabah Forests Industries Sdn Bhd (SFI), … […] Continuing with its buying spree, Ahmedabad-based pharma major Zydus Cadila on Friday, announced the acquisition of Liva Healthcare of Mumbai, a mid-sized pharma company having Derma focused product portfolio. The group acquired 97.5% stake in the privately-held company-Liva Healthcare and … […] Independent News and Media (INM) Investments has picked up a 20 per cent stake in the Jagran Group’s radio venture, Radio Mantra. This is the company’s second partnership with the Jagran Group, the first being with Jagran Prakashan. It is … […] |