Visaka Inds approves Rs 12.50cr for acquisition of 10% stake in Somerset Entertainment Ventures

Visaka Inds at its meeting on February 8, 2011 has approved Rs 12.50 crore for acquisition of 10% stake in Somerset Entertainment Ventures Singapore.

February 10, 2011 / 19:26 IST

Visaka Industries Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on February 8, 2011 has approved an investment of Rs.12.50 crores for acquisition of 10% Equity stake in M/s. Somerset Entertainment Ventures Singapore Pte Limited, Singapore a Sports promotion Company subject to necessary Statutory/regulatory approvals.

Source : BSE

first published: Feb 10, 2011 07:26 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Email address

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347