Last Updated : Friday, January 17, 2020 19:41:04

News of Mergers & Acquisitions in Gujarat

GOCL CORP approves UNION BANK OF INDIA’s $300 mln credit facility offer

HYDERABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered oil marketing & distribution multinational Gulf Oil’s Indian arm GOCL Ltd (formerly Gulf Oil Corporation Ltd) said of its board of directors having accepted line of credit/Standy Letter of Credit (SBLC) facility amounting to USD $300

NCLT nods merger of subsidiaries with BOROSIL GLASS WORKS

MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered houseware products manufacturing company Borosil Glass Works Ltd said of NCLT (National Company Law Tribunal) Mumbai bench having sanctioned and approved merger between Vyline Glass Works Ltd, Fennel Investment and Finance Pvt Ltd, Gujarat Borosil Ltd into Borosil

HFCL acquires 15% stake in NIVETTI SYSTEMS for 160 mln rupees

NEW DELHI | MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Solan (Himachal Pradesh) headquartered telecommunication cables manufacturing and telecom solutions providing Indian Company HFCL Ltd (formerly Himachal Futuristic Communications Ltd) said of having acquired 15% stake in Bengaluru headquartered Nivetti Systems Pvt Ltd for 160 million (~15.95 Crore)

ADANI PORT to acquire 75% stake in KRISHNAPATNAM PORT, for 135 bln INR

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered India Diversified Conglomerate Adani Group’s flagship and port sector arm – Adani Ports and Special Economic Zone Ltd said of having intent to acquire controlling stake of 75% in Krishnapatanam Port Company Ltd (KPCL), the second

GAYATRI PROJECTS announces completion of SEIL Transaction

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered infrastructure company Gayatri Projects Ltd said of having completed the transaction of sale of its stake in Sembcorp Energy India Ltd. In a filing titled, “Gayatri Proiects Announces Completion of SEIL Transaction,” it further

ASTER DM HEALTH acquires Nursing Care company, in Abu Dhabi

KOCHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Kochi (Kerala) headquartered Indian healthcare company – Aster DM Healthcare Ltd said of having acquired nursing care company Wahat Al Aman Home Healthcare LLC in Abu Dhabi on 30th December, 2019 – Monday for cash consideration

EMBASSY OFFICE PARKS acquires 0.6 mln sq.ft. in Bengaluru, for 7.4 bln rupees

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered real estate company Embassy Office Parks REIT said of having executed agreement with Embassy Sponsor to acquire 0.6 million square feet leasable area for 7.4 billion (~740 crore) rupees at a 9.25% initial yield

ADANI forays in Cold Chain logistics biz, acquires stake in SNOWMAN LOGISTICS

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered diversified conglomerate Adani Group’s port, special economic zone and logistics arm – Adani Ports and Special Economic Zone Ltd said one of one of its wholly owned subsidiary company Adani Logistics Ltd having acquired 40.25% stake,

TATA CHEM acquires balance 25% stake in TATA CHEM (SODA ASH) PARTNERS

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Conglomerate Tata Group’s Salt & Soda Ash manufacturing arm – Tata Chemicals Ltd said of having brought balance 25% stake from The Andover Group, Inc., in Tata Chemicals (Soda Ash) Partners Holdings for USD $195 million,

ELGI EQUIPMENTS acquires US Co to expand market presence

CHARLOTTE (NORTH CAROLINA, US) | COIMBATORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Coimbatore headquartered Industrial Machinery from India – ELGi Eqiupments said of having acquired US headquartered Michigan Air Solutions for undisclosed amount. The acquisition as claimed by the company in the press-release,

RIL picks 90.5% stake in E-learning co for 716.43 million rupees

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Indian Diversified Conglomerate – Reliance Group’s hydrocarbon arm Reliance Industries Ltd said of having acquired 90.5% stake in eDreams Edusoft Pvt Ltd for cash consideration of 716.43 million (~71.64 crore) rupees through its subsidiary Indiavidual Learning Pvt Ltd

ArcelorMittal and NIPPON STEEL complete acquisition of Essar Steel

LONDON (UK) | HAZIRA (SURAT) | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release as shared with media by ArcelorMittal, the Global Steel Major announced of having completed acquisition of Essar Steel India Ltd and having established a joint-venture with Nippon Steel Corporation called ArcelorMittal Nippon Steel India Ltd, which will own and operate Essar Steel

POWER GRID CORP acquires Rampur Sambhal Transco

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian Government’s public sector undertaking company, an electric utility and a power transmission arm – Power Grid Corporation of India Ltd said of having acquired 50,000 shares (each priced at 10 rupees) of Rampur Sambhal Transco

BANK OF BARODA nods sale of Trinidad & Tobago biz to ANSA MERCHANT BANK

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian Banking major Bank of Baroda Ltd said of having inked share purchase agreement to sell Trinidad & Tobago asset – Bank of Baroda (Trinidad & Tobago) Ltd to Ansa Merchant Bank Ltd, for an undisclosed

THOMAS COOK acquires rights for India, Sri Lanka & Mauritius paying 139M INR

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, travel and tourism sector Indian arm of multinational brand Thomas Cook – Thomas Cook (India) Ltd said of having inked papers to acquire the rights to the Thomas Cook Brand for the India, Sri Lanka and Mauritius markets, paying

THOMAS COOK INDIA demerges HR services biz into QUESS CORP

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered travel business services company Thomas Cook India Ltd said of demerging its human resource business into Quess Corp Ltd on an on-going concern basis. In a press-release as submitted to the Indian Bourses, titled –

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