Sona Comstar zooms 10% after ₹1,600-cr acquisition of Escorts Kubota’s railways biz
The railway industry presents long-term growth opportunities, says Vivek Vikram Singh, MD and Group CEO, Sona Comstar.
The railway industry presents long-term growth opportunities, says Vivek Vikram Singh, MD and Group CEO, Sona Comstar.
The acquisition will be done in an all-cash deal for $185 million and the transaction is expected to close within a month.
Shriram Finance holds a controlling stake in SHFL while private equity firm Valiant Partners L.P., Mauritius, holds the remaining ownership.
The acquisition of My Home Group's cement unit in Tuticorin will take Adani Group’s total cement capacity to 78.9 MTPA.
This is the second major deal by IIHL in recent times as its bid for acquisition of Reliance Capital and its subsidiaries was recently approved by NCLT.
Crosslay Remedies Limited (CRL), a wholly-owned subsidiary of Max Healthcare has executed the special purchase agreement.
This is the second deal in two days after the Aditya Birla Group company acquired 0.54 mtpa cement grinding assets of Burnpur Cement for ₹169.79 crore on November 29.
As part of the investment, the FMCG firm has entered into a share purchase agreement (SPA) to acquire a 100% stake in KNS Shoetech Private Limited.
As part of the investment, the FMCG firm has entered into a share purchase agreement (SPA) to acquire a 100% stake in KNS Shoetech Private Limited.
Cipla South Africa has signed a binding term sheet with Actor Holdings to acquire 100% of the issued ordinary shares of Actor Pharma.