Last Updated : Tuesday, January 14, 2020 02:20:56

News of Stake Sale in Gujarat

LINDE INDIA’s board approves CCI orders, on divestment of Belloxy Biz

KOLKATA | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Linde India Ltd, Kolkata headquartered Indian arm of Industrial Gases manufacturing multinational Linde Group, said of the company board having approved the Competition Commission of India’s compliance orders for sale/divestment of the company’s Belloxy Business, in a Board

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

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,

BROOKFIELD INFRA acquires 45.51% stake in RIL’s Tower Infra Trust

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Conglomerate Reliance Group’s – Reliance Industries Ltd said of Brookfield Infrastructure Partners L.P. having acquired 45.51% stake in RIL’s Tower Infrastructure Trust infusing 252.15 billion (~25,215 crore) rupees. The filing as submitted by the company

ULTRATECH CEMENT to divest its stake in Emirates Cement (Bangladesh), Emirates Power Co

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Cement manufacturing arm of Aditya Birla Group – UltraTech Cement Ltd said of its Middle East subsidiary will divest its entire shareholding in Emirates Cement Bangladesh Ltd and Emirates Power Company Ltd, for an enterprise value

LUPIN inks pact to divest its stake in KYOWA PHARMA (Japan) to UNISON CAPITAL

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered pharmaceuticals company Lupin Ltd said of the company board having approved the divestment of its entire stake of 99.82% in Kyowa Pharma – Japan to Unison Capital for an enterprise value of JPY (Japanese Yen) 57,361 million.

COCHIN SHIPYARD acquires unlisted subsidiary HOOGHLY COCHIN SHIPYARD

COCHIN | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Cochin headquartered ship-building company Cochin Shipyard Ltd said of having acquired its unlisted subsidiary company Hooghly Cochin Shipyard Ltd from Hooghly Dock & Port Engineers Ltd for consideration of 50 million (~5.06 crore) rupees. The filing submitted

BERGER PAINTS acquired 96% stake in STP Ltd for 1.68 billion rupees

KOLKATA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, Kolkata headquartered Berger Paints (I) Ltd said of having acquired 95.53% stake in STP Ltd for an enterprise valuation of 1.68 billion (~167.5 crore) rupees, of which the Company has till now acquired 91.94% of the paid-up equity

JITF INFRALOGISTICS divests 49% stake in JWIL INFRA, to a promoter group co

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, New Delhi headquartered Jindal Group Companies’ infra-logistics arm – JITF INFRALOGISTICS LTD said of one of its subsidiary company having entered into share purchase agreement to divest 49% stake in JWIL Infra Ltd to another promoter

Promoters inter-transfer 21.15% stake in IGARASHI MOTORS INDIA

CHENNAI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Chennai headquartered automobile parts & equipment manufacturing company Igarashi Motors India Ltd said of its 21.15% promoters stake comprising of 6.6 million (~‭66,58,033) ‬acquired by Igarashi Electric Works Ltd, Japan and Agile Electric Sub Assembly Pvt Ltd

M&M Financial Services acquired 58.20% stake in Sri Lankan Finance Company

COLOMBO (SRI LANKA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Auto Major Mahindra & Mahindra Financial Services Ltd said of having acquired 58.20% stake of a finance company in Sri Lanka. The filing submitted by the company to the Indian Bourses and

JK Tyre raises 5% stake in Cavendish Industries paying Rs.400 mln

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, JK Tyre & Industries Ltd said of having raised its stake in Cavendish Industries Ltd from 80% to 85% paying 40 crore (~400 million) rupees The statement submitted to the Indian Bourses read that, Directors of

KNR Cons to sell-off KNR Shankarampet Projects to Cube Highways & Infra

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Hyderabad headquartered KNR Constructions Ltd said of having entered into an agreement with Cube Highways & Infra for sale of KNR Shankarampet Projects, in phased manner. The statement submitted by the company to the Indian Bourses read

Bhoruka Supply Chain buys additional 0.20% promoters group stake in TCI

SECUNDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Indian logistics major Transport Corporation of India (TCI) Ltd said of 1,50,000 shares owned by Ms Chandrima Agrawal, part of promoters group has been acquired by Bhoruka Supply Chain Solutions Holdings Ltd. The statement further read that on acquisition

Info Edge (India) stake in Agstack Technologies reduced by 3%

NOIDA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Noida headquartered Info Edge (India) Ltd said of reducing its stake in Agstack Technologies Pvt Ltd from 37.21% to 33.21%, as Agstack Technologies has signed agreement to raise funds from a couple of other investors. The filing

GTPL Hathway acquires SOCD18 Networking (TV Cable Network in Maharashtra)

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Gujarat headquartered television cable company GTPL Hathway Ltd said of having acquired 100% stake of  SCOD18 Networking Pvt Ltd on August 5, 2019 paying 11.20 crore (~112 million) rupees. The statement submitted by the company read that, GTPL Hathway

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