Prataap Snacks has completed the acquisition of 76.88% of the share capital of Avadh Snacks (Avadh) from certain of its existing shareholders on October 4, 2018. Earlier, the Board of Directors of the company in a meeting held on October 1, 2018, took note and approved the payment made towards the acquisition of 4,99,688 equity … Read more
NEW DELHI: With the Congress upping the ante on the Rafale jet deal, BJP dragged Rahul Gandhi’s brother-in-law Robert Vadra into the picture, alleging that his firm was keen on getting a share in the offset and failure to do so has prompted the principal opposition to cry foul on the issue. The ruling party … Read more
LIC is the biggest public shareholder in IDBI Bank, with a stake of 10.82% as of March. The government is considering selling over 40 per cent of its stake in IDBI Bank to state-run Life Insurance Corporation (LIC), sources have told. The government, which is the largest shareholder in IDBI Bank with 81 per cent … Read more
Tata Steel Ltd had won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred for NCLT proceedings last year. “BNPL has successfully completed the acquisition of controlling stake of 72.65 percent in BSL in accordance with the approved … Read more
India Value Fund IV has sold a little over six lakh shares or 1.8 per cent stake in TD Power Systems. The fund house has offloaded 2.52 lakh shares on the NSE at an average price of Rs 201.05 a share and 3.48 lakh shares on the BSE at Rs 201.01. As of December 31, … Read more
15/1/2018 – The Philippine Stock Exchange (PSE) announced that it has forged a deal to acquire the stake of San Miguel Corporation (SMC) in a fixed-income bourse Philippine Dealing System Holdings Corp (PDS Holdings) for P80 million (about US$1.6 million). According to details of the share purchase agreement, PSE will acquire SMC’s four percent stake … Read more
SET-listed food and beverages firm Malee Group has made a 65 percent stake acquisition in Long Quan Safe Food Joint Stock Company for 332 million baht (about US$10.5 million). The acquisition is scheduled to be completed in the first half of 2018 and comes as part of Malee’s strategy to tap into overseas market as … Read more
