Mergers & Acquisitions
Kirloskar Acquires Two Companies In Germany: Kirloskar Electric Co. has picked up
stakes in two German firms. It will buy about 95 per cent in German manufacturing firm Lloyd Dynamowerke GmbH & Co and 100 per cent in Lloyd Beteiligungs GmbH from CMP Fonds I GmbH. The acquisitions will be done through its wholly [...]
The board of Balaji Telefilms Ltd has approved an agreement with Rupert Murdoch’s Star Group, under which their agreement entered in 2004 has been terminated. Under the 2004 agreement, Star had bought 26 per cent stake in Balaji through its affiliate Asian Broadcasting FZ-LLC (ABF) for Rs 123 crore.
Also Balaji has agreed to [...]
Policy
Cap On Single Holding In Exchanges Go To 15% - Market regulator SEBI is examining a proposal to raise the equity holding limit in stock exchanges from 5 per cent to 15 per cent. The revised cap would be applicable for single investors, both local and foreign, reports Economic Times. The proposal is being examined [...]
Private Equity
Sobha Developers To Raise Money From PE Investors via SPV’s: Sobha Developers Ltd, the Bangalore-based developer, is planning to dilute minority stake to private equity investors for projects in Bangalore, Pune and Gurgaon to raise funds.
Gopinath To Raise $200M To Fund Deccan Express Logistics’ Project : Deccan Express Logistics, an air and ground [...]
Probably, its time for some activity in the fast growing tea business now. Mumbai based tea company, Sapat International is eyeing the British brands, Whittard of Chelsea and Taylors of Harrogate as potential acquisition targets, reports The Guardian.
Sapat International has parked £20m for these acquisitions, adds the report. After a failed attempt to get [...]
UTV Software Communications Ltd., the media and entertainment company, has picked up an 80 per cent stake in California-based gaming company True Games Interactive. The acquisition has been done through its UK-based subsidiary IG Intercative Entertainment, said the company informing the BSE today. True Games is a multi-player online game publisher involved in developing, licencing, [...]
Mahindra & Mahindra Ltd (M&M) has acquired a majority stake in the third largest tractor company in China, Jiangsu Yeuda Yancheng Tractor Manufacturing Co Ltd (Yancheng Tractor), for $26 million. Under the terms of the deal M&M and Yancheng Tractor will form a joint venture, which will have assets of $50 million. M&M will hold [...]
Policy
Govt Rejects SBI-SocGen JV Proposal For Depository Services
Govt May Have Nixed Jacob Ballas Deal In Devyani International
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
Mergers & Acquisitions
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
Tesco Finally Gets Indian Partner, Tata’s Trent
Auto Componet Maker Federal-Mogul [...]
This is the first acquisition of the Singh brothers after they sold Ranbaxy to Daiichi Sankyo. Ranbaxy Group promoted Fortis Healthworld has acquired 90 percent stake in CRS Health, a Delhi-based pharma and wellness retail chain for Rs 15 crore, reports Economic Times. Fortis is also planning to rebrand itself and the pharma chains it [...]
US-based Federal-Mogul, an automotive component maker, has picked up 51 per cent stake in Anand Group’s Perfect Circle India Limited for $4 million (Rs 17 crore), reports Economic Times. This follows Federal-Mogul’s acquisition of the engine bearings unit from the Anand Group’s Gabriel. It had last year also bought out industrialist Anil Nanda’s stake in [...]
Finally UK retailer Tesco Plc has found an Indian partner. After Bharti group chose Wal-Mart over Tesco last year, the UK chain has been looking for an Indian partner. The search ended today with the company signing a wide-ranging cash and carry and an exclusive franchisee agreement with Tata group’s Trent.
The board of Trent Ltd [...]
IPGA Ltd., which develops and operates real-estate portals across Asia, has picked up a controlling stake in Horizon Infoventures Private Ltd., owner of Indian property portal RealAcres.com. The acquisition has been routed through IPGA Ltd’s wholly-owned subsidiary, iProperty Group Asia Pte Ltd. IPGA plans to bring its print, exhibition and online luxury products to Indian [...]
Indian Pharma Co Bags $35M Order From UNICEF, Will Earn Over $50M In Next Two Quarters -
Panacea Biotec is learnt to have bagged a $35-million drug supply order from UNICEF to supply pentavalent vaccines, the first Indian company to get such a contract. Pentavalent combines four vaccines - Diptheria, Tetanus, Pertussis, Hepatatis B and HIB [...]
India’s largest stock exchange National Stock Exchange (NSE) continues to be the favourite among investors. Hero Honda and Srei Infrastructure Finance have acquired stakes from IFCI and Stock Holding Corporation of India (SHCIL) at Rs 3,500 per share. SHCIL , a depository, has earned Rs 20.02 crore by selling 57,200 shares while financial institution IFCI [...]
Banglore-based start-up Devas Multimedia Pvt Ltd, a satellite-based multimedia services company, will receive funding of $75 million (Rs 317 crore) from Europe’s largest telecom firm, Deutsche Telekom. The German telco is picking up a 17 per cent stake for $75 million through its Asian arm, which values the company at $443 million, according to a [...]
