Ruchi Soya may buy Sical Logistics' palm oil biz
The Ruchi Soya group is close to acquiring the palm oil business of Sical Logistics, reports CNBC-TV18. As per sources close to the development, Ruchi Soya is all set to buy out the palm oil business of Sical Logistics at an enterprise value pegged at around $10-12 million.
Reliance Capital Partners,
a part of the Anil Dhirubhai Ambani Group (ADAG), has bought
14.55 per cent stake in Maxwell Industries, the maker of
VIP and Lovable brands of innerwear, for Rs 45 crore. ......
[more]
HITECH Plast, a leading manufacturer
of rigid plastics, has acquired a majority stake in the
Mipak Group, one of the pioneers in the organised rigid
plastics packaging industry. ...... [more]
Electrical equipment manufacturer
Salzer Electronics has raised Rs 13 crore by placing shares
and warrants, constituting about 14% of the post-issue equity,
with high net worth individuals, corporates and promoters
at Rs 78 per share. ...... [more]
Mumbai-based Punjab Chemicals
and Crop Protection has acquired IAIC Chem for an undisclosed
sum.Punjab Chemicals is an agrochemical company promoted
by the Shroff family with a consolidated group turnover
of around Rs 300 crore. IAIC Chem is promoted by the Shetty
family, who runs Khambala Hospital in Mumbai. ...... [more]
Economic
Times - 11th August 2005…
This advertisment appeared as a matter
of record only
Sahara
Computers buys distribution co.
SAHARA Computers and Electronics Ltd
(SCEL) on Wednesday announced that it had signed an MoU
for the acquisition of the IT distribution company - SES
Technologies Ltd - to help expand its penetration in India.
....[more]
German
firm, Wilo buys two Jumbo group companies
German firm Wilo will buy two Jumbo
group companies -Mather & Platt Pumps and Mather & Platt
Fire Systems. The Jumbo group is retaining its stake in
Mather & Platt India, which will be renamed at an appropriate
time. ....[more]
BCCL
to pick up 15% in Hakoba via pref issue
Hakoba Lifestyle (HALL) has proposed
to make a preferential issue of equity shares to India's
largest media house, Bennett Coleman & Co Ltd (BCCL). BCCL
is to invest Rs 10.6 crore in HALL, and will have a 15%
stake of the expanded equity capital...[more]
United Phosphorus (UPL), the Mumbai-based
agrochemical major promoted by the Shroff family, has acquired
the entire stake in Swal Corporation (formerly known as
Shaw Wallace Agrochemicals) from Dubai-based Jumbo group
for a consideration of Rs 24 crore........ [more]
A small-town boy from Jodhpur, armed
with a recent degree in mechanical engineering from Jaipur,
joined LML Vespa in Kanpur in 1987 at a paltry salary of
Rs 1,400 a month... [more]
The Jumbo group has divested its entire
stake in its electronics company, New Video, to IT hardware
major CMS Computers for an undisclosed amount. The move
comes close on the heels of it exiting the liquor and construction
businesses and is part of the group's strategy to restructure
its operations in India....... [more]
The board of directors of
IVRCL Infrastructures & Projects on Wednesday, cleared the
company's proposal to acquire a controlling stake in Hindustan
Dorr-Oliver (HDO) of the Jumbo group. ....... [more]
Actis, a leading private equity
fund, has acquired 35% stake in Mumbai-based heat exchanger
manufacturer TEMA India for close to Rs 50 crore. The deal,
which was concluded on April 4, '05, will enable ......
[more]
The logistics industry is
witnessing further consolidation, hot on the heels of DHL
taking over Blue Dart. The Jumbo group, promoted by the
family of the late Manu Chhabria, has sold its entire stake
in Gordon Woodroffe Logistics (GWLL) to James Mackintosh
& Company for an undisclosed amount ...... [more]
A wave of consolidation is
sweeping across the domestic apparel industry. Brands that
are identified with the young and trendy have caught the
attention of private equity investors and other large apparel
companies. ...... [more]
