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Divestment

Apr 22, 2014 at 13:03 | Source: Moneycontrol.com
Novartis said it had agreed to acquire GSK's oncology products for a USD 14.5 billion payment. The Swiss drugmaker will also divest its vaccines business, excluding flu, to GSK for USD 7.1 billion plus royalties.
Apr 22, 2014 at 13:00 | Source: Moneycontrol.com
Shares of Novartis India soared 20 percent intraday as its parent company is restructuring its drug business. The Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars.
Apr 22, 2014 at 12:36 | Source: Reuters
Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars. The revamp, announced on Tuesday, is the result of a keenly awaited strategic review at the company.
Apr 22, 2014 at 10:15 | Source: CNBC-TV18
The company has a debt of Rs 4659 crore as of March and expects to pare it by 50 percent by the next six months, says Vivek Nair, vice chairman & managing director, Hotel Leela Ventures.
Apr 17, 2014 at 14:14 | Source: CNBC-TV18
The Supreme Court has admitted the petition and has also issued notice to the government, CBI and the company. The court has also sort for a reply within a month.
Apr 10, 2014 at 11:21 | Source: Moneycontrol.com
Ajay Piramal-led Piramal Enterprises has agreed to divest its entire equity stake, comprising 45,425,328 shares (around 11 percent), in Vodafone India to Prime Metals, an indirect subsidiary of Vodafone Group Plc.
Apr 10, 2014 at 10:47 | Source: Moneycontrol.com
Piramal Enterprises today announced that it has agreed to divest its entire equity stake, comprising 45,425,328 shares in Vodafone India Limited to Prime Metals Ltd., an indirect subsidiary of Vodafone Group Plc, for a total consideration of Rs 8,900 cr, valuing the shares of Vodafone India Ltd. at Rs 1,960 per share.
Apr 09, 2014 at 15:31 | Source: CNBC-TV18
Holcim is the parent company of Indian cement majors, ACC and Ambuja Cements. Lafarge was acquired by Holcim to create the world's biggest cement maker, with USD 44 billion of annual sales.
Apr 09, 2014 at 13:34 | Source: Moneycontrol.com
OnMobile Global said it has executed a non-binding memorandum of understanding (MOU) for the potential divestment of its group company, Voxmobili SA.
Apr 09, 2014 at 10:16 | Source: Moneycontrol.com
OnMobile Global has executed a non-binding Memorandum of Understanding (MOU) for the potential divestment of its group company, Voxmobili SA, which specializes in mobile telecommunication products.
Messages on Divestment »

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Market Advice  

Source:Economic Times - French oil services group Technip has agreed to divest 51% stake in its Indian arm and multi-vessel supplier Seamec to HAL Offshore for Rs 167 crore as it seeks to focus on its core businesses such as deepest subsea complex and deepwater oil, said two people with direct

12.41 PM Apr 23rd

Raj_2009

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GlaxoSmithKline  

GlaxoSmithKline Pharmaceuticals Ltd (GSK Pharma), the local unit of GlaxoSmithKline, will lose its newly added oncology portfolio in the Indian market once the global cancer business is divested to Novartis. The oncology portfolio in India currently has three products and the two large brands

6.46 PM Apr 22nd

maximindia

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Reliance  

Divesting 30% stakes in its core business of oil and gas of business but entering huge loss making tele shows that MBA has lost all sense of business.Even today in newspaper reported that analysts r agfast to look at 33000 crs spending in tele when all other tele cos struggling and RIL wl hv

3.39 PM Apr 22nd

Neha-Diwan

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Reliance  

Reliance Industries strengthens on divesting 30% stake in oil and gas block in Peru.

3.31 PM Apr 22nd

Raj_2009

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28 Followers

GlaxoSmithKline  

`s current and future oncology R&D pipeline. Divestment of Vaccines to GSK Novartis has agreed to divest its Vaccines business to GSK, currently excluding its flu business, for USD 7.1 billion plus royalties. The USD 7.1 billion consists of USD 5.25 billion upfront and up to USD 1.8 billion in milestones

12.26 PM Apr 22nd

Raj_2009

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GlaxoSmithKline  

business by acquiring GSK oncology products, and would divest Vaccines (excluding flu) to them. The two companies would also create a joint venture, combining their consumer divisions to create a world-leading consumer healthcare business. Separately, the company announced a definitive agreement with Eli

12.23 PM Apr 22nd

avin 57

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Reliance  

Reliance Industries divests its 30 percent stake in an oil and gas block in Peru to Australia`s Woodside Petroleum and Pluspetrol of Argentina to trim its overseas properties

1.56 PM Apr 21st

newsmaster

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Rel Capital  

Reliance Capital highest bidder for 24% FTIL stake in MCX: MUMBAI: Reliance Capital, part of Anil Ambani-promoted Reliance Group, is learnt to have emerged as the highest nonbinding bidder for the 24 per cent stake being divested by promoter Financial Technologies India (FTIL) in India`s largest

1.11 PM Apr 21st

Neha-Diwan

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630 Followers

Reliance  

Reliance Industries has divested its 30% stake in an oil and gas block in Peru to Australia`s Woodside Petroleum and Pluspetrol of Argentina to trim its overseas properties. Its current international portfolio comprises of three blocks - two in Yemen and one in Peru.

12.37 PM Apr 21st

agpradeepk

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Punj Alkalies  

divestment decision is politically motivated and can be seen in a favor of any prospective buyer...so election commission may not have given approval to punjab divestment authority. ..likewise for banking license initially but got approval afterwards. ..

12.35 PM Apr 21st

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Apr 23, 2014 at 13:26 | Source: Business Today
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