Strategic Investor

The company has arrived at the conclusion that its current structure is optimal and is commensurate with the present scale and its diversified lines of business.

Eveready may look at PE investment to scale up packet tea biz

Eveready may spin off its packet tea business into a 100 percent subsidiary as the board has approved the reorganisation.

Career Point open to strategic investors from East: CMD

Pramod Maheshwari, CMD and CEO of Career Point Infosystems joins CNBC-TV18 to opine on the business environment and the way forward for the company.

Expect value investor to bring Rs 275 crore: Tulip Telecom

Tulip Telecom’s Sanjay Jain joins CNBC-TV18 to talk about the stake sale in the company’s Data Centre. Tulip is looking for an investor who will bring value to the front, not only in monetary terms, but also through expertise in the data field, he said.

Pharmacy business has been EBITDA positive: Apollo Hosp

Apollo Hospital has reported a net profit of Rs 45.8 crore for the quarter ended December 2010 as against Rs 43.9 crore in same quarter, the previous year. The net sales jumped to Rs 600.9 crore from Rs 480.9 crore (YoY).

Steel Strips in talks to sell up to 7.5% stake

Wheel rims maker Steel Strips Wheels is in talks with a strategic investor to sell 6.5%-7.5% and the deal is likely to close by January-end, a top official told television channel ET NOW.