Tag Archives: purchase

GMR Infrastructure’s indirect subsidiary — GMR Hyderabad International Airport (GHIAL) has entered into a definitive Share Purchase Agreement for acquiring the entire equity and preference shares held by Menzies Aviation Cargo (Hyderabad), Mauritius in Hyderabad Menzies Air Cargo (HMACPL) at a total consideration of Rs 59.75 crore. Post-acquisition of the ... Read More »

Himachal Futuristic Communications (HFCL) has received an Advance Purchase Order worth approximately Rs 366.36 crore from Bharat Sanchar Nigam (BSNL), New Delhi. The scope of work under the above contract inter-alia includes survey, procurement, supply, trenching, laying, installation, testing and maintenance of optical fiber cables, accessories and GPON equipment in ... Read More »

ITI has received purchase order for executing the RajNet project from RajCOMP Info Services, a Government of Rajasthan Undertaking, for establishing around 40,000 outdoor Wi-Fi access points in the state of Rajasthan with an order value of around Rs 334 crore on rate contract basis. The project envisages supply, installation ... Read More »

State Bank of India (SBI) will purchase good quality assets worth Rs 45,000 crore from NBFCs (non-banking finance companies) which are facing liquidity crisis triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. Earlier, the bank had planned for a growth of Rs 15,000 ... Read More »

Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be ... Read More »

LG Balakrishnan & Brothers has received an approval to initiate steps to terminate the Dealership & Hire Purchase Agreements between the company and Tata Motors within December 31, 2017. The board of directors at its meeting held on October 31, 2017 has approved for the same. The decision to close ... Read More »