CORPORATE
ANNOUNCEMENTS
Offshoring helps keep many a UK pub in good cheer
COMPASS INITIATIVE
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PREFERENTIAL ALLOTMENTS
Ispat Ind nod for Rs 509-cr preferential allotment
Kolkata, March 29 Shareholders of Ispat Industries Ltd on Saturday approved the issue of convertible warrants to the tune of Rs 509 crore to promoters of the company. Proceeds received would be used to part-fund the company’s capital ...
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NEW BUSINESS
MIC Elec bags Rs 45-cr order from Delhi Metro
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Meaty order
Welspun Gujarat has secured an order for supply of spiral pipes worth Rs 1,075 crore in Northern Africa. With this order, Welspun’s order book position stands at over Rs 5,900 crore. ...
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CREDIT RATING
Crisil marks down Tata Motors’ cash credit facilities
Mumbai, March 29 Crisil has revised its ratings on Tata Motors’ cash credit facilities to ‘AA-/Stable’, removing them from ‘Rating Watch with Negative Implications’, leaving unchanged the ratings on the ...
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IPR
Italian buy
Aurobindo Pharma’s acquisition of intellectual property and marketing authorisations in Italy from generic drug maker TAD will give it access to more than 70 products. Aurobindo has already filed 22 products for registration in Italy and ...
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MERGERS & ACQUISITIONS
JLR snapped up
Tata Motors will acquire the Jaguar and Land Rover (JLR) businesses by Tata Motors in an all-cash deal from Ford for Rs 9,200 crore. The acquisition would be financed through a 15-month, $3-billion bridge finance facility from a syndicate of ...
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Tata Motors brings home JLR trophy
Tata Motors' acquisition of two iconic British brands - Jaguar and Land Rover - wasfinally completed earlier this week. Well, it is true that their immediate previousowners were American, but the flavour of the two companies continues to be very ...
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NEW PROJECTS
IOC mulls crude supply thru pipeline from Paradip
Feasibility study on; plans capacity expansion of Guwahati refinery
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Mercedes Benz India to relocate to Chakan next January
Luxury carmaker Mercedes Benz India Ltd (MBIL) has set a target of relocating to its new production facility at Chakan, exactly 10 years to the date after it began operations at the present premises on January 1, 1999. Mr Wilfried ...
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VENTURE CAPITAL
Pvt equity funds eye stake in IPL franchisees
‘Team valuation, revenue streams well-defined’
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Much needed
Jaiprakash Associates has managed to garner the much-needed funding for projects undertaken by its subsidiary, Jaypee Infratech. ICICI Bank has entered into an agreement to infuse Rs 1,150 crore into the subsidiary, through a 1 per cent equity ...
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