IndusInd Bank receives approval from RBI to acquire IL&FS arm
IndusInd Bank has received approval from RBI, to acquire the securities services arm of IL&FS. The bank in a regulatory filing stated, “The Reserve Bank...
Tag : acquire
Motherson Sumi to acquire Reydel Automotive for USD 201 million
Motherson Sumi Systems Ltd, the flagship company of the Samvardhana Motherson Group, will be acquiring Reydel Automotive Group for USD 201 milion. Reydel manufactures interior components...
Tata Steel declared as successful applicant to acquire Bhushan Steel
Tata Steel has been announced as the successful resolution applicant by the Committee of Creditors (CoC), of Bhushan Steel Limited‘s (BSL) stressed asset which was put for...
Tata Steel announced as the highest bidder to acquire Bhushan Steel
Tata Steel has emerged as the highest bidder to acquire Bhushan Steel, with a bid of Rs.35,000 crore, while JSW Steel was the second highest...
Future Supply Chain Solutions to acquire Vulcan Express
Future Supply Chain Solutions is going to acquire 100% stake in Vulcan Express. Vulcan Express serves the logistics requirements of Snapdeal, Airtel and UPS. As...
ONGC to acquire 51.11% stake in HPCL
Oil and Natural Gas Corporation (ONGC) to acquire 51.11% stake in Hindustan Petroleum Corporation (HPCL) for Rs.369.15 billion. The acquisition price is at 13.8% premium...
Varun Beverages to acquire franchisee rights in Bihar
Varun Beverages is going to acquire franchisee rights in Bihar, for Pepsico India. The company’s board at a meeting held on January 17, considered and...
Reliance Jio to acquire Reliance Communications wireless assets
Reliance Communications has signed an agreement to sell its wireless assets to Reliance Jio Infocomm. It is expected that the deal will be closed in...
Coromandel International to acquire bio-pesticides biz of EID Parry
Coromandel International will acquire bio-pesticides business of EID Parry for Rs.338 crore. This acquisition is subject to receipt of approval from shareholders and other authorities....
Dalmia Bharat to acquire Murli Industries
Dalmia Bharat (DBL) will be acquiring bankrupt Murli Industries, a Nagpur based cement manufacturer, by injecting Rs.400 crore to revive the company. Murli Industries has presence...