CORPORATE
ANNOUNCEMENTS
ACC to hold cement prices for 2-3 months
Mumbai, May 8 ACC Ltd said it has decided to hold its cement prices over the next 2-3 months. The cement major said it was responding to concerns expressed by the Government on the upward move in the price of the ...
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OPEN OFFERS
Rakesh Jhunjhunwala to get 10% in Autoline Ind
Preferential issue to enhance capital base
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DIVIDEND ANNOUNCEMENT
Ashok Leyland Q4 net flat, to pay 150%
Buses, buoyancy in spare part sales helped offset down-cycle
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CORPORATE BONDS
Tata Steel raises Rs 2,000 cr
Mumbai, May 8 Tata Steel has raised Rs 2,000 crore (including greenshoe option) through a private placement of redeemable non-convertible rupee debentures (NCD). A company statement said this was part of its long-term financing plan and that ...
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MERGERS & ACQUISITIONS
Jubilant acquires Speciality Molecules
New Delhi, May 8 Jubilant Organosys Ltd, an integrated pharmaceutical industry player and custom research and manufacturing services company, has acquired Speciality Molecules Pvt Ltd, a niche manufacturer of speciality intermediates, for Rs ...
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‘Heineken’s S&N buy will not trigger open offer’
Bangalore, May 8 Beer major Heineken does not have to float an open offer to the Indian public after taking over 37.5 per cent stake of Scottish & Newcastle in United Breweries.An official with the UB Group told More
India Cements takes Alagappa mines on lease
Ariyalur, May 9 India Cements has taken over the Alagappa Lime Stone Mines spread over 21 hectares at Pudupalayam near Ariyalur on a 20-year lease. It has committed to invest Rs 7 crore for executing schemes on environment, social ...
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NEW PROJECTS
Tata Metaliks plans facilities in M.P., Karnataka
Signs MoUs to secure raw material linkages
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NRB opens facility in Uttarakhand
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ALLIANCES & JOINT VENTURES
Solar Semiconductor enters into supply pact with Motech
Hyderabad, May 8 Solar Semiconductor, a photovoltaic (PV) module manufacturer, and Motech Industries Inc, a global solar cell producer, have entered a long term partnership with business opportunity of Rs 1,440 crore.With the tie-up ...
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Samtel, Thales tie up to make avionic systems
Samtel Display Systems Ltd and Thales have formed a joint venture to manufacture a range of avionic systems for the domestic market. The joint venture – Samtel Thales Avionics Pvt Ltd – will develop, produce, sell and ...
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