TV18 Limited in an annoucement made to the stock exchanges has informed that the company has acquired a majority stake of 53 per cent from ICICI Ventures in Infomedia India Limited a major publication company in India. The stake sale to TV18 from ICICI Venture didnt indicate the price paid per each share. This would be a good news to the Infomedia share holders as it will unlock the value in the shares. Stock prices of Infomedia India Limited closed at Rs 258, up 6.5 per cent from the on the BSE.
Entries Tagged 'Acquisitions' ↓
TV18 to buy 53 percent stake in Infomedia India
December 12th, 2007 — Acquisitions, Indian-Stock-Markets
RIL chasing 8 Uranium blocks in Australia
December 11th, 2007 — Acquisitions, Announcements
Reliance Industries today moved up smartly on the news that the company is planning to acquire 49 per cent stake in Uranium Exploration Australia’s eight Blocks. Reliance Industries stock moved up around 2 per cent to trade at Rs. 2881 at 12.40 pm on the BSE. News regarding the stake acquisition by Reliance Industries in Uranium Exploration should be announced soon.
Indiabulls Real Estate acquisition in Piramyd Retail
December 10th, 2007 — Acquisitions, open-offer
IndiaBulls Real Estate has acquired majority stake in Piramyd Retail, and the company has made this annoucement to the BSE and NSE. Indiabulls Real Estate has acquired around 64 per cent in Piramyd Retail promoted by the Ashok Piramal Group and has announced an open offer to acquire another 20 per cent at a price of Rs. 74.73 per share from the share holders of the company. Indaibulls Real Estate stock prices moved up firmly on the BSE based on the Acquisition news and the open offer.
Subhkam Ventures acquires stake in MSK Projects
October 22nd, 2007 — Acquisitions
Subhkam Ventures a Private Equity firm has issued an statement today regarding the company’s purchase of 4 million shares in construction firm, MSK Projects India for Rs 84 per share.
Subhkam Ventures already hold 15.46 per cent stake in MSK Projects and with todays purchase of 4 million shares it has raised its stake from 15.46 percent to 24.26 percent.
Temptation Foods submits Bid for CFCL Food Processing Unit
October 18th, 2007 — Acquisitions
In a race to acquire the food processing unit of Chambal Fertilisers and Chemicals Limited (CFCL), Temptation Foods has submitted its bid today.
Temptation Foods is a leading player in Frozen Foods Processing for fruits and vegetables. Recently Temptation foods has said that the company has earmarked a sum of Rs 1.9 billion for acquiring three companies in its space.The company is also in talks with Marico to acquire its SIL Jam and with Everfresh.
Based on the Bid sumbission news, the Shares of Temptation foods gained Rs 11.65 , or 4.73% to trade at Rs 257.9 on BSE.
Morgan Stanley acquires stake in Gitanjali Gems
September 6th, 2007 — Acquisitions
Morgan Stanley & Co International acquired 1.65% stake of Jewellery firm Gitanjali Gems,with this acquisition the total stake of Morgan Stanley in Gitanjali Gems increases to 5.97%.
Gitanjali Gems received in-principle approval from ministry of commerce to establish 1,000 hectares SEZ at Nagpur for multi products and 50 hectares SEZ at Aurangabad for Gems and Jewellery.