CORPORATE
OPEN OFFERS
SRF Polymers’ promoters make open offer
New Delhi, Nov. 24 The promoters of SRF Polymers Ltd, Bhairav Farms Pvt Ltd and Narmada Farms Pvt Ltd (acquirers) along with Mr Arun Bharat Ram (person acting in concert or PAC), have made an open offer to the shareholders to purchase 8.24 per ...
More
DISINVESTMENT
Reliance gains a billion $-lift
Profit from divestment of 4% in RPL equals a quarter’s earnings
More
RESTRUCTURING
Suryalata EGM approves de-merger
Hyderabad, Nov. 24 The extraordinary general meeting of Suryalata Spinning Mills has approved the scheme of de-merger, the company informed the Bombay Stock Exchange on Saturday. The meeting was convened following an order of the High Court of ...
More
Wild card
DLF has sold off 49 per cent equity stake in seven residential projects to a Merrill Lynch & Co entity for Rs 1,481 crore. It has also diluted a similar stake in a middle-income housing project in Haryana to Brahma Investments for Rs 194 ...
More
MERGERS & ACQUISITIONS
In big league
Plethico Pharmaceuticals has agreed to acquire Natrol Inc., a maker and marketer of nationally branded nutritional products in the US for approximately $80.7 million (Rs 322 ...
More
NEW PROJECTS
Hind Latex to be frontrunner in setting up medical park
Thiruvananthapuram, Nov. 24 Hindustan Latex Ltd will play a major role in setting up a ‘medical park’ at Chengalpattu in Tamil Nadu, said the Union Health and Family Welfare Minister, Dr Anbumani Ramadoss. At the ...
More
OVERSEAS INVESTMENTS
Oil on radar
Reliance Industries has announced that it has signed the production sharing agreement for two exploration blocks in Yemen. In both the blocks, Hood Energy partners RIL with 30 per cent participating ...
More
ALLIANCES & JOINT VENTURES
PowerGrid signs pact with Reliance Energy
New Delhi, Nov. 24 Power Grid Corporation of India Ltd (PGCIL) has entered into an agreement with Reliance Energy Ltd to set up a joint venture firm for executing transmission projects associated with two hydel projects. The two ...
More
RIGHTS ISSUE
Godrej Consumer’s rights issue
Godrej Consumer Products Ltd’s has informed the BSE that its board of directors on Friday approved the issue of further equity shares by way of rights, up to a maximum amount of Rs 400 crore. The detailed structure and other terms of the ...
More
OUTLOOK
Clearock to raise pitch for its health products
Coimbatore, Nov. 24 Clearock Enterprises Pvt Ltd, a wholly owned subsidiary of US-based Clearock Inc, has embarked on a campaign to popularise its product lines.The Indian subsidiary, headquartered at Bangalore, has in the last ...
More
PEOPLE
Take inspiration from visionaries to be competitive: Kalam
Mumbai, Nov. 24 Lauding late Seth Walchand Hirachand as a creative genius on the occasion of the industrialist’s 125th birth anniversary celebrations in Mumbai, former President Mr A.P.J. Abdul Kalam suggested that the group now set up a ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds