Providence, StanChart to invest Rs 1k cr in MSM
Boby Kurian & Reeba Zachariah, TNN Aug 11, 2011
MUMBAI: Private equity arm of Standard Chartered Bank and Providence will together invest Rs 1,000 crore, or roughly $250 million, in Multi Screen Media (MSM) to pick up over 35% stake in the general entertainment broadcaster, said sources directly briefed on the matter.
BHEL Ninth on Forbes' Most Innovative List
ET Bureau Jul 28, 2011
NEW DELHI: State-run Bharat Heavy Electricals Ltd has been ranked ninth most innovative company in the world by US business magazine Forbes, the company said in a statement. Bharat Heavy Electricals is the only Indian engineering company on the list and ranked much higher than similar multinational equipment suppliers.
Thermax, Amonix Tie up to Bring in New Solar Tech
DNA, Jul 29, 2011
MUMBAI: Thermax Ltd and Amonix Inc, US, on Monday announced an agreement that will bring proven, concentrated photovoltaic (CPV) technology for clean power generation to India. The exclusive partnership will see Amonix offer high-performance solar power generation systems and Thermax will be the engineering, procurement and construction (EPC) partner to provide turnkey solutions to customers in India.
International Paper to buy 53.5% in AP Paper Mills for $257M
The Hindu Business Line, Mar 29, 2011
HYDERABAD/MUMBAI/KOLKATA: NYSE-listed International Paper on Tuesday announced signing an agreement to acquire 53.5 per cent stake in Andhra Pradesh Paper Mills Ltd from Mr L. N. Bangur, his family members and affiliates. It will pay approximately $257 million in cash with additional $62 million non-compete payment to the sellers (totalling Rs 1,435.5 crore).
Deloitte Sees Increase in M&A Activity in India
PTI, Sep 20, 2010
NEW DELHI: Global consultancy Deloitte has said that merger and acquisition activities in India are expected to be "healthy" and "sustainable" in the near term and a lot of money is waiting to be invested in the country, especially in the energy space. The global M&A scene is bustling with multi-billion dollar transactions as many companies are flush with funds, after lying dormant during the financial turmoil in 2008-09.
India M&A Deals this Year Near $50-bn; Treble from '09 Level
PTI, Aug 4, 2010
NEW DELHI: India Inc seems to have regained its deal-making appetite with merger and acquisitions so far this year nearing the $50 billion level -- already over three times the total for entire 2009. There were M&A deals worth about $16 billion in 2009, down from close to $40 billion in 2008.
