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Matsushita Electric Works Ltd. (TSE:6991) said Monday that it has acquired an 80 per cent interest in Anchor Electricals Private Ltd, India's No. 1 manufacturer of wiring devices. The move comes as the Japanese firm aims to lift overseas sales by entering the booming Indian market for home and office electrical equipment. Matsushita Electric Works bought the shares from the Shah founding family for roughly 50 billion yen (US$421.3 million). Anchor makes and sells wiring devices such as […] A fear has set in among property investors who are offloading their apartments at a discounted rate from what builders are quoting. With property prices in correction mode, do private equity players think that it is the right time to strike deals in India? […] The Reserve Bank of India has approved the amalgamation of Sangli Bank Limited with ICICI Bank Limited . The effective date of the amalgamation is April 19, 2007. The amalgamation has already been approved by the Boards of Directors and … […] French electrical major Schneider Electricals SA is in advanced stages of negotiations with the Mumbai-based Shah family to acquire Anchor Electricals, the country’s leading electrical equipment maker. The deal is estimated to be worth over Rs 2,400 crore. […] The government has decided to go with the Reserve Bank of India (RBI) and refuse FII status to foreign direct investment (FDI) received by real estate companies through private placement of equity. […] About 25 venture capital investments from the US will be made in Indian companies in every quarter of 2007, according to a recent VC market study. […] GoAir, the Jeh Wadia-spearheaded private airline, will tap the capital market only after two years while being open to equity dilution in the form of strategic investments during the interim. “We will come out with our initial public offering (IPO) … […] With falling property prices, global private equity real estate funds are expected to open their wallets wide, reports CNBC-TV18.
Property prices have begun cooling again. Demand is slowing down, bank finance has dried up, and real estate IPOs do … […] Aditya Birla Retail, the newest kid on the retail block, is weighing options to float a real estate fund, in line with the trend where retailers are looking at it as a mode of raising funds to cater to the … […] Financial services seem to be gaining more favour with the investor community and it is now the turn of Prabhudas Lilladher to dilute stake. Arun and Dhiren Seth, promoters of the 63-year-old brokerage firm Prabhudas Lilladher are busy trying to … […] |