Financial Daily from THE HINDU group of publications
Tuesday, Jan 10, 2006
News
Features
Stocks
Shipping
Archives
Google

Group Sites

 Corporate - Mergers & Acquisitions


Adidas AG hiking stake in arm to 100 pc

Our Bureau

New Delhi , Jan. 9

ADIDAS AG will hike its equity in Adidas India Marketing Private Ltd (AIM) from 91.4 per cent to 100 per cent, following a Foreign Investment Promotion Board (FIPB) clearance of its proposal.

The increase in the stake would take place through the transfer of 4.7 million equity shares of Rs 10 each held by Magnum (Magnum International Trading Company Ltd, India) in AIM to Adidas International B.V., Netherlands.

Adidas AG had earlier increased its stake in AIM from 80 per cent to 91.4 per cent amounting to $12.06 million in the paid-up capital of $13.2 million of Adidas Trading Pvt Ltd by the issue of equity shares on a right basis.

More Stories on : Mergers & Acquisitions

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

Stories in this Section
Reliance demands compensation for selling petro products below cost price

Maruti hikes prices by up to Rs 15,000
Sanghi allots 2.89 cr shares to raise FDI
GlaxoSmithKline launches vaccine for whooping cough
Assam Co completes assets valuation of 3 business units
Nagarjuna Const bags Rs 520-cr NHAI order
TVS Tyres' new variants
SEBI exempts Pasupati Acrylon promoters' from making open offer
Hythe Securities plans to subscribe $12 m worth GDRs of GV Films
Liena Fashions, Sri Govindaraja Mills bag quality award
Brij Mohan Lall award for NTPC, Jet Airways
Industry to have a say in `large taxpayer units' scheme implementation
ONGC worried over exodus of specialists
Pop a pill and hang your hangover
Stir at Nicholas Piramal
EGM called to okay Kochi Refineries, BPCL swap ratio
Maini Precision eyeing overseas acquisitions
Adidas AG hiking stake in arm to 100 pc
Vimta Labs plans to raise Rs 125 cr
H&R Johnson expands capacity in AP plant
IOC to finalise acquisition plans for African assets
Rapidigm to launch operations in Dubai, UK
Toyota management, workers' union to meet on Thursday
Practices `inhuman'; no says company
MICO, Bosch propose new venture for trading in filters
ONGC contributes Rs 40 lakh for bridge in East Godavari
SAIL charting new mining proposal — Dry beneficiation plant at Chhattisgarh
Mitsubishi Chemical Corp wants Bengal govt to retain current holding
DaimlerChrysler India tops 2,000-sales mark

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, 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