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INDIA BUSINESS WORLD - JULY 1st - JULY 31st - 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
NEW DEVELOPMENTS AND JOINT VENTURES
BCCL PICKS UP STAKE IN FIRST ALTUS RESOURCES: Bennett Coleman & Company Ltd (BCCL) has picked up a stake in First Altus Resources and Networks Pvt. Ltd....... More....
UK’S EREDENE BUYS 50% IN APEEJAY INFRA: UK-BASED Eredene Capital has picked up a 50% stake in Apeejay Infra-Logistics (AILPL), the infrastructure arm of Kolkata-based Apeejay.......More....
CHRYSCAPITAL BUILDS UP 7% STAKE IN AMTEK: PRIVATE equity fund ChrysCapital has acquired close to 7% equity stake in Amtek Auto for Rs 229 crore through open market purchases over the last three months...... More....
BCCL PICKS UP STAKE IN SMC GROUP :BENNETT, Coleman & Company Ltd (BCCL) has picked up equity in SMC Group companies, which holds SMC Global Securities Ltd and SAM Global Securities Ltd under its banner..... More....
TRIVITRON INVESTS RS 250 CR IN 3 JVS, PLANS OVERSEAS FORAYS: Chennai-based medical technology company Trivitron has earmarked Rs 250 crore over a two to three year period to set up three joint venture..... More....
ALLIED DIGITAL SERVICES BUYS 80% IN ENPOINTE GLOBAL SERVICES FOR $24M: CITY-BASED systems integrator Allied Digital Services has acquired 80.5% stake in EnPointe Global Services, a subsidiary of the Nasdaq-listed Enpointe Technologies, for $24 million in a cashand-stock deal. The deal values the EnPointe Global at $30 million......More....
AB GROUP ARM SNAPS UP 25% IN V MART RETAIL: THE PRIVATE equity arm of the diversified Aditya Birla group has acquired a 25% stake in V Mart Retail, a value-retailer owned by the New Delhi-based Lalit...... More....
HCL COMNET INKS 5-YR, RS 60-CR DEAL WITH UBI HCL Comnet, a subsidiary of HCL Technologies, has announced a five-year, Rs 60-crore network outsourcing deal with public sector bank Union Bank of India (UBI). HCL will redesign the IT network.........More....
MAX INKS PACT WITH UK CO FOR HEALTH INSURANCE JV: HEATHCARE and insurance company Max India has forayed into health insurance through a joint venture (JV) with UK.......... More....
BAJAJ, RENAULT TO FORM NEW JV FOR AUTO COMPONENTS: THE country’s second largest two-wheeler maker, Bajaj Auto, is forming not one but two joint ventures with Renault, the French carmaker...... More....
MONNET BUYS OUT CHHATTISGARH SPONGE IRON CO: DELHI-BASED Monnet Ispat & Energy (MIEL) has acquired a Chhattisgarh-based sponge iron firm for close to Rs 100 crore....... More....
HCL TECH BUYS UK BPO FIRM LFS FOR $2 M : HCL Technologies, the country’s fifthlargest software-services firm has announced the acquisition of UKbased BPO firm........More....
GREYCELLS BUYS 26% IN AAE FOR RS 50 CRORE :Greycells, which operates the Event Management Development Institute (EMDI) in India and the Middle East, has picked up a 26% stake in Access...........More....
RJ CORP-OWNED DEVYANI FOOD INDUSTRIES TAKES 100% IN ICE-CREAM VENTURE CREAM BELL: RJ CORP-OWNED Devyani Food Industries has acquired 100% stake in ice-cream venture Cream Bell, having acquired part-owner CK Jaipuria’s..... More....
JP MORGAN CHASE BUYS 33% IN ALOK INFRA’S SPV:GLOBAL financial giant JP Morgan Chase is investing Rs 130 crore for 33% stake in an SPV of realty firm Alok Infrastructure...... More....
ARCELORMITTAL BUYS BRAZILIAN STEEL PROCESSOR MANCHESTER TUBOS E PERFILADOS:WORLD’S largest steel producer ArcelorMittal has said it has acquired 70% stake in Brazilian steel processor Manchester Tubos e Perfilados..........More....
FEDERAL BANK, A KERALA-BASED PRIVATE SECTOR BANK PICKS UP 5% IN CATHOLIC SYRIAN BANK (CSB):A CHOPPY market and hardening interest rates may have taken the sheen off bank stocks. But that hasn’t put off deal makers...... More....
PE FUND SUN-APOLLO VENTURES PICKS 40% IN AMRAPALI SPV: PRIVATE equity fund SUN-Apollo Ventures has invested Rs 300 crore for 35-40% equity in an SPV of Noida-based realty firm Amrapali group...... More....
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