IRB Infrastructure Developers today said its board has approved acquisition of 34 percent stake in its arm Aryan Infrastructure Investments Pvt Ltd (AIIPL) from promoters to make it a wholly-owned subsidiary.
Deal to be an all-cash one and is valued at Rs 132.4 crore. Zensar expects the transaction to be complete by the first week of April.
“Amongst all such opportunities that the company is presently evaluating, it would clarify that this stage there is no such transaction which has been finalized and the company has not entered into any binding definite agreement,” the company said.
Auto component major Motherson Sumi Systems could be eyeing the starter motors and generators division of global giant Bosch LLC through a likely USD 600-million bid, a media report said.
Maintain 15 percent revenue growth guidance for FY17, says Rajeev Gupta, ED-Finance & CFO at KEI Industries
Sources told CNBC-TV18 that Vedanta was in talks with lenders to buy the company as it was keen to enter the steel sector. It may compete with JSW Steel.
Tata Technologies is keen on buying a few captive engineering centres, besides making significant additions to its headcount, Chief Executive and Managing Director Warren Harris
Cite appropriate valuations along with aid to scaling up healthcare vertical as reasons for their thumbs up. Simultaneously, Credit Suisse also feels this will be earnings neutral or be very slightly accretive.
A media report stated that the company was planning to buy Sandesara Group‘s stake in a greenfield port
Dr Reddy's Laboratories today announced that it has acquired 100 per cent stake in Imperial Credit Private Ltd, a Kolkata-based non-banking finance company.
The stock has seen strong movements, posting a rise of over 18 percent in the past one year. It touched its 52-week high of Rs 390.55 on Thursday.
Demonetisation had small impact on footfalls for two weeks, says Arun K Chittilappilly, MD of Wonderla Holidays.
The company in a letter said that the â€œassertions made in the letter are libelous and are aimed at tarnishing the image of Infosys and its management.â€
After the public sector banks, private banks could also see some consolidation, believes SP Tulsian of sptulsian.com.
The acquisition of Lloyd Electric will be neutral on the earnings per share of Havells India's in FY18 and EPS-accretive thereafter, says Havells' CMD Anil Raj Gupta.
While analysts are comfortably placed with the deal‘s pricing, they have highlighted some challenges such as hit in EBITDA margins, lack of synergies, among others, for Havells that will emerge from this deal.
Group Chairman Vivek Chaand Sehgal said Motherson Sumi recorded highest-ever quarterly revenue and best-ever net profit in Q3FY17. adding, the company looks to garner more from global units. For this, it plans to set up 9 new plants, of which 6 will be based globally, he said.
Multiplex chain operator PVR, which acquired DT Cinemas last year, is scouting for more acquisition opportunities as it plans to add over 100 more screens by the end of next fiscal.
IT firm to buy 100 percent stake in US-based Certon Software in an all cash transaction for $7.5 million. The company's management expects the acquisition to be marginally EPS accretive.
Shanghai, Jan 20 (AFP) China's state-owned chemical corporation ChemChina has asked US anti-trust regulators to greenlight its USD 43 billion acquisition of Swiss seed giant Syngenta, a report said today.
In an interview to CNBC-TV18, Deven Choksey, MD of KRChoksey Investment Managers shared his readings and outlook on specific stocks and sectors.
Tata Power today said its total generation from renewable energy sources has reached 3133 MW this fiscal year.
In an interview to CNBC-TV18, N Ravi Vishwanath, CFO of TeamLease Services said the acquisition of Keystone Business Solutions is the third in IT staffing.
Business process management company WNS today announced acquisition of US-based Denali Sourcing Services for USD 40 million to improve its capabilities in the sourcing and procurement capabilities.
In an interview to CNBC-TV18, Suresh Venkatachari, Chairman & CEO of 8K Miles Software Services spoke about the results and his outlook for the company.