Eicher Motors Limited in an annoucement made to the stock exchanges has informed that the company has signed a Letter of Intent with AB Volvo Group to form a Joint Venture company. Volvo will buy around 8 per cent stake in Eicher Motors Limited and Volvo’s Indian Truck sales and the service network would also be bought under the newly formed joint venture company.
Entries Tagged 'Joint Ventures' ↓
Volvo to buy 8% stake in Eicher Motors
December 10th, 2007 — Joint Ventures
GMR Energy buys stake in Himtal Hydra Power
November 28th, 2007 — Announcements, Joint Ventures
In an annoucment made by GMR Infrastructure Limited to the stock exchanges, the company has informed that GMR Energy the company’s fully owned subsidary had entered in to a joint venture with Himtal Hydra Power Co Limited based in Kathmandu, Nepal. GMR Energy will purchase 80 per cent stake in the Himtal Hydro company which is developing the ‘250-MW Upper Marsyangdi-2 Hydro Power project’ Nepal.
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PowerGrid Corp moves up on joint venture with REL
November 26th, 2007 — Indian-Stock-Markets, Joint Ventures
PowerGrid Corporation of India shares moved up today on the news of  Joint Venture agreement they have made with Reliance Energy. Power Grid Corporation will own 26 per cent in the newly made Joint Venture company to set up 300 Km of Power Transmission lines from Parbati to Koldam and Koldam to Ludhiana.
The stock is currently trading at Rs. 153.45 up 1.56 per cent on the BSE at 12.25 pm.
Future Generali India : Life Insurance Company from Pantaloon
September 7th, 2007 — Joint Ventures
Future Generali, the insurance joint venture of Pantaloon Retail India and Italian insurance firm The Generali Group has been approved by the Insurance Regulatory & Devlopment Authority of India (IRDA).
Pantaloon has informed the media, that they got the approval from the IRDA and recieved the certificate for Future Generali India Life Insurance Company Ltd (which caters to the Life Insurance Sector) and Future Generali India Insurance Company Ltd which will have its operations in General Insurance sector in India.
DLF, Fortis join hands to set up 15 hospitals
September 7th, 2007 — Joint Ventures
DLF Indias leading real estate developer and Fortis Healthcare have entered into an agreement to set up 15 hospitals in the next five years, leading to an investment of Rs 30 billion. Under the agreement, the two companies may form a joint venture to set up hospitals. The healthcare firm may hold a majority stake of 74% and the remaining 26% will be held by DLF.
The group is also looking for other options like buy outs and contract. Most of the hospitals they plan would be 250-400 bed capacity.Â