The Hindu Business Line : Corporate developments

Berger Paints India Ltd signed an agreement on April 28 for the acquisition of all the shares of Bolix S.A. (Bolix), a leading provider of External Insulation Finishing System in Poland, from Advent International, a global private equity group. The acquisition will be made through a wholly owned subsidiary of Berger Paints India Ltd in Cyprus at an estimated price of around $38.6 million. Deep Industries Ltd has obtained a Letter of Award from ONGC, Rajahmundry Asset for deployment of compressors for compressing the natural gas at various locations of Rajahmundry Asset and the approximate value of contract aggregates to Rs 41.55 crore.

Goldiam International Ltd has announced buy-back of its fully paid-up equity shares of the face value of Rs 10 each from the owners of its equity shares of the company from the open market through stock exchanges. The buy-back was to be at a price not exceeding Rs 85 per equity share.

Grasim Industries Ltd has said that VSF (viscose staple fibre) and cement would continue to be the growth enablers. Shoring up of its leadership position in the VSF and cement sectors, cost optimisation, maximisation of asset productivity and prudent financial management will continue to be the company's hallmark and the prospects for the company continue to be positive.

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