share purchase agreement

Tube Investments of India net down Rs.11.59 crore


August 6th, 2012 - 8:17 pm ICT by IANS
Chennai, Aug 6 (IANS) City-based multi-product company Tube Investments Monday announced a Rs.11.59 crore fall in net profit in the first quarter of the current fiscal as against corresponding period ... Read more...

Posted in Business |

Dhunseri acquires tea estates in Africa


July 28th, 2012 - 7:38 pm ICT by IANS
Kolkata, July 28 (IANS) Kolkata-based Dhunseri Petrochem & Tea Limited (DPTL) has acquired tea estates in the southeastern African country of Malawi, the company said in a regulatory filing.The company ... Read more...

Posted in Business |

Tube Investments to acquire Shanthi Gears for Rs.292 crore


July 13th, 2012 - 6:06 pm ICT by IANS
Chennai, July 13 (IANS) Multi-product company Tube Investments of India (TI), part of the $4.4 billion Murugappa Group, Friday announced plans to acquire promoter holdings of gear maker Shanthi Gears."We ... Read more...

Posted in Business |

Tata Power to buy remaining 51 percent stake in Tata BP Solar


December 27th, 2011 - 9:22 pm ICT by IANS
Mumbai, Dec 27 (IANS) Tata Power Tuesday said it has signed a share purchase agreement with BP Alternative Energy Holdings Limited to buy its 51 percent equity and preference shares ... Read more...

Posted in Business |

HCL to acquire 20 percent stake in Techmart Telecom


December 30th, 2010 - 7:13 pm ICT by IANS
New Delhi, Dec 30 (IANS) HCL Infosystems Limited Thursday said it has signed a share purchase agreement to acquire 20 percent stake in Techmart Telecom Distribution, a Dubai-based partner of Nokia Corporation, ... Read more...

Posted in Business |

Spanish Accelya takes control of Kale Consultants for $21 mn


September 10th, 2010 - 3:09 pm ICT by IANS
Mumbai, Sep 10 (IANS) Leading technology solutions provider to the global airline, logistics and travel (ALT) industry, Kale Consultants Friday said its promoters have sold their controlling stakes in the company ... Read more...

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EID Parry takes management control of GMR Industries


August 27th, 2010 - 9:32 pm ICT by IANS
Chennai, Aug 27 (IANS) City-based EID Parry (India)Friday recast the board and top management of GMR Industries after acquiring 65 percent stake in the latter. In a regulatory filing to the National Stock ... Read more...

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Jay Shree Tea posts loss of Rs.17.49 crore


April 28th, 2010 - 9:46 pm ICT by IANS
Kolkata, April 28 (IANS) Tea company Jay Shree Tea & Industries Wednesday posted net loss of Rs.17.49 crore for the fourth quarter (January-March) of 2009-10.The tea company's net loss in 2008-09 was ... Read more...

Posted in Business |

Murugappa to buy out DBS stake in Chola DBS Finance


March 30th, 2010 - 8:23 pm ICT by IANS
Chennai, March 30 (IANS) City-based Murugappa group has decided to buy out DBS Bank's 37.48 percent stake in Cholamandalam DBS Finance Ltd (Chola DBS), a non-banking finance company (NBFC). Two Murugappa group companies ... Read more...

Posted in Business |

Andrew Yule sells stake in Phoenix


December 10th, 2009 - 10:50 pm ICT by IANS
Kolkata, Dec 10 (IANS) State-owned diversified company Andrew Yule Thursday completed its 26 percent divestment in Phoenix Yule to Germany-based Contitech Group at Rs.63 crore, a senior company official said here Thursday. "The ... Read more...

Posted in Business |

McLeod Russel net profit up 61.5 percent


January 29th, 2009 - 9:33 pm ICT by IANS
Kolkata, Jan 29 (IANS) Tea plantation major McLeod Russel Thursday said its net profit rose 61.5 percent to Rs.485.9 million (Rs.48.59 crore/$10 million) in the quarter ended Dec 31 from Rs.300.9 million ... Read more...

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Haryana signs agreements for 3,044 MW of power


August 7th, 2008 - 11:12 pm ICT by IANS
Chandigarh, Aug 7 (IANS) The Haryana government Thursday signed its biggest-ever power purchase and power sharing agreements with various private and public sector companies. The agreements will bring 3,044 MW of power ... Read more...

Posted in Business |

Sahara says it won’t pay service tax on Jetlite


June 19th, 2008 - 7:33 pm ICT by IANS
Mumbai, June 19 (IANS) The Sahara Group has said that it is not liable to pay a service charge of $25 million (Rs.1 billion) on Jetlite, formerly Air Sahara. The company made ... Read more...

Posted in Business |

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