• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore , July 18

THE Dubai-based Jumbo Group, managed by the Manu Chhabria family, on Monday said it was close to inking a deal to sell domestic pump manufacturer Mather & Platt to Germany's Wilo Group.

A top Jumbo official confirmed that a deal was likely anytime. Jumbo holds nearly 58 per cent stake in Mather & Platt, and is expected to earn close to Rs 75 crore for its stake as part of the impending transaction.

Mather & Platt has its main manufacturing plant at Chinchwad near Pune, and has three major business divisions, which include fluid engineering (dealing in pumps and pumping projects), fire securities solutions (supply of equipment for fire detection and protection), and process machinery business (manufacturing equipments and systems for food processing).

Jumbo Group had decided to exit its Indian businesses and has sold Shaw Wallace & Co, Shaw Wallace Agro Chemicals and Hindustan Dorr Oliver in recent months.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bhagyanagar Metals plans Rs 150-cr investment in infrastructure projects — Set to scquire HMT, NTC lands

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line