M&M's Acquisition of Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd, China
M&M's acquired Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd, China for a relatively samm investment of $26 million.
Yancheng has manufacturing capacity of 26,000 tractors a year. It has a turnover of $20 million in the last fiscal year. Its valuation is $50 million.
Mint 19 august 2008, p 14.
Showing posts with label Acquisition. Show all posts
Showing posts with label Acquisition. Show all posts
Monday, August 25, 2008
Thursday, June 12, 2008
Daiichi snaps up Ranbaxy
Economic Times dated 12 June 2008 Headline news
Daiichi snaps up ranbaxy for $4.6 B
Singhs get Rs 10 K Cr for entire 34.8% at 737 per share, Malvinder to stay as CEO.
Daiichi snaps up ranbaxy for $4.6 B
Singhs get Rs 10 K Cr for entire 34.8% at 737 per share, Malvinder to stay as CEO.
Wednesday, June 11, 2008
Grasim Sells Sponge Iron Business For Rs. 1030 cr.
Tuesday, 10 June 2008
Grasim Industries said it has sold its sponge iron business-Vikram Ispat to Welspun Power and Steel for Rs.1,030 crore.
The transaction is expected to be completed within next six months.
Economic Times, 11 June 2008, page 1
Grasim Industries said it has sold its sponge iron business-Vikram Ispat to Welspun Power and Steel for Rs.1,030 crore.
The transaction is expected to be completed within next six months.
Economic Times, 11 June 2008, page 1
Friday, April 11, 2008
Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc
Anil Ambani group acquires digital images business of US firm
New Delhi, Apr 9 (PTI)
Anil Ambani-promoted Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc for an undisclosed amount.
The American firm's business DTS Digital Images (DDI), also known as Lowry Digital Images, offers picture quality improvement services to movies, television and video content in Hollywood, Reliance Big Entertainment said in a statement today
http://www.ptinews.com/pti/ptisite.nsf/all/F0E2A07F645E492A65257426002405AD?Opendocument
New Delhi, Apr 9 (PTI)
Anil Ambani-promoted Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc for an undisclosed amount.
The American firm's business DTS Digital Images (DDI), also known as Lowry Digital Images, offers picture quality improvement services to movies, television and video content in Hollywood, Reliance Big Entertainment said in a statement today
http://www.ptinews.com/pti/ptisite.nsf/all/F0E2A07F645E492A65257426002405AD?Opendocument
Monday, February 25, 2008
Opto Circuits to buy US firm for Rs 280cr
25 Feb 2008
Opto Circuits India has signed a definitive agreement to buy US-based Criticare Systems.
According to a release issued by Opto to the BSE today, the deal is valued at Rs 280 crore ($70 million).
Criticare Systems is in the business of manufacturing vital sign monitors, anesthesia monitors and pulse oximeters, the release added.
Opto Circuits India has signed a definitive agreement to buy US-based Criticare Systems.
According to a release issued by Opto to the BSE today, the deal is valued at Rs 280 crore ($70 million).
Criticare Systems is in the business of manufacturing vital sign monitors, anesthesia monitors and pulse oximeters, the release added.
Friday, February 22, 2008
HCL Tech buys US-based CapitalStream for $40 m
HCL Tech buys US-based CapitalStream for $40 m
All-cash deal to help company to enhance role in financial services
20 Feb 2008
HCL Technologies Ltd, India’s fifth largest IT services company, on Wednesday acquired US-based CapitalStream Inc, in an all-cash deal of about $40 million, to enhance its presence in financial services sector.
http://www.thehindubusinessline.com/2008/02/21/stories/2008022151220400.htm
All-cash deal to help company to enhance role in financial services
20 Feb 2008
HCL Technologies Ltd, India’s fifth largest IT services company, on Wednesday acquired US-based CapitalStream Inc, in an all-cash deal of about $40 million, to enhance its presence in financial services sector.
http://www.thehindubusinessline.com/2008/02/21/stories/2008022151220400.htm
Thursday, February 21, 2008
Siva Ventures Limited acquires Norwegian Shipping firm
Siva Ventures Limited acquires Norwegian Shipping firm J.B. Ugland Shipping for Rs. 1,200 Crores
19 Feb 2008
(from India Press Release by Perfect Relations)
Siva Ventures Limited (SVL), the flagship company of the USD 2 Billion Sterling Infotech Group announced the acquisition of the Norwegian shipping firm J.B. Ugland Shipping AS (JBUS) from J.B. Ugland Holding AS for a total consideration of approximately US$ 300 million (INR 1,200 Crores).
The transaction was agreed in January 2008 and closed on 15 February 2008. As part of the transaction the incumbent management of JBUS, led by its CEO Mr. Bjorn Bergsland, will continue to manage the company. And as part of the negotiated deal the company has the rights to use the brand name of JBUS for 3 years and will continue trading under the J.B.Ugland name following the acquisition.
This acquisition will propel the Sterling Group’s business plans within the shipping and logistics industry.
Mr. Sivasankaran, Group Chairman, Sterling Infotech Group, commenting on the rationale for their entry into the shipping industry and this transaction said, “I believe that the shipping industry, especially the bulk commodities segment – both tankers and dry bulk carriers – will increasingly revolve around the broader Asian commodities story. In particular, the bulk shipping tonnage demand from India is likely to see explosive growth on the back of the increased raw material demand for the new power and oil refining projects coming up in India, a large number of which are based on imported raw materials. We believe this transaction brings two of the most critical success factors for exploiting this opportunity – the Sterling Group’s presence and relationships with the businesses in India which will be users of tonnage and the reputation of the JB Ugland name in the global shipping industry combined with the management’s acclaimed skills in the sector.”
Commenting on the transaction, the Chairman of JBUH, Mr. Johan Benad Ugland said “I am very proud of having developed a company attracting interest from a global player such as Siva Ventures. Along with China, we believe India will be one of the main growth engines of the overall world economy in the coming years. In this respect, it will be important for Norwegian companies to further strengthen the business relationships with Indian companies. We believe this transaction contributes to this.”
Standard Chartered Bank, continuing their long association on successful deals with the group, advised SVL on the acquisition. JBUH was advised by Pareto, a leading Norwegian investment bank.
19 Feb 2008
(from India Press Release by Perfect Relations)
Siva Ventures Limited (SVL), the flagship company of the USD 2 Billion Sterling Infotech Group announced the acquisition of the Norwegian shipping firm J.B. Ugland Shipping AS (JBUS) from J.B. Ugland Holding AS for a total consideration of approximately US$ 300 million (INR 1,200 Crores).
The transaction was agreed in January 2008 and closed on 15 February 2008. As part of the transaction the incumbent management of JBUS, led by its CEO Mr. Bjorn Bergsland, will continue to manage the company. And as part of the negotiated deal the company has the rights to use the brand name of JBUS for 3 years and will continue trading under the J.B.Ugland name following the acquisition.
This acquisition will propel the Sterling Group’s business plans within the shipping and logistics industry.
Mr. Sivasankaran, Group Chairman, Sterling Infotech Group, commenting on the rationale for their entry into the shipping industry and this transaction said, “I believe that the shipping industry, especially the bulk commodities segment – both tankers and dry bulk carriers – will increasingly revolve around the broader Asian commodities story. In particular, the bulk shipping tonnage demand from India is likely to see explosive growth on the back of the increased raw material demand for the new power and oil refining projects coming up in India, a large number of which are based on imported raw materials. We believe this transaction brings two of the most critical success factors for exploiting this opportunity – the Sterling Group’s presence and relationships with the businesses in India which will be users of tonnage and the reputation of the JB Ugland name in the global shipping industry combined with the management’s acclaimed skills in the sector.”
Commenting on the transaction, the Chairman of JBUH, Mr. Johan Benad Ugland said “I am very proud of having developed a company attracting interest from a global player such as Siva Ventures. Along with China, we believe India will be one of the main growth engines of the overall world economy in the coming years. In this respect, it will be important for Norwegian companies to further strengthen the business relationships with Indian companies. We believe this transaction contributes to this.”
Standard Chartered Bank, continuing their long association on successful deals with the group, advised SVL on the acquisition. JBUH was advised by Pareto, a leading Norwegian investment bank.
Fortis Healthcare buys Chennai hospital
Fortis Healthcare buys Chennai hospital for south India launch
19 Feb 2007
The Ranbaxy-promoted Fortis Healthcare Ltd and Oscar Investments Ltd (OIL) Tuesday completed acquiring 62.17 percent of the equity of Chennai-based Malar Hospitals Ltd (MHL) for Rs.346.8 million ($8.7 million).
The acquisition has paved the way for Fortis Healthcare, leading hospital chain of north India, to launch itself in Southern India
'The completion of the acquisition process is an important milestone in our national rollout plans,' Shivinder Mohan Singh, CEO and managing director of Fortis Healthcare, said.
'Malar Hospital is well established in Chennai, and enjoys strong brand equity in the south, which is an advantage, as it is our first entry into the region,' Singh said in a statement.
He said the group welcomes the hospital and its employees and would 'upgrade the facilities by adding key super-specialties to it. We would also look at expanding footprint in the south soon'.
The 180-bed Malar Hospitals is a multi-specialty hospital focusing on comprehensive healthcare in the areas of gastroenterology, neurology, gynaecology, paediatrics, diabetics, orthopaedics and nephrology.
After the present deal, the total equity share capital held by Fortis is 48.83 percent while OIL's holding stands at 13.34 percent.
Malar Hospitals' Director Nithya Ramamurthy said: 'Fortis is known for the quality of its clinical and patient care. We are proud that Fortis will now own and manage this hospital. The patients of Malar and the southern region will gain immensely from the enhanced care, which can now be assured.'
Started its operation in 1996, Fortis has a presence in Delhi, Jaipur, Noida, Mohali (near Chandigarh), Amritsar, Faridabad, Raipur and Srinagar.
It currently has a network of 13 hospitals, primarily in North India, and 16 satellite and heart command centres, including one heart command centre in Afghanistan. (Indiaenews)
19 Feb 2007
The Ranbaxy-promoted Fortis Healthcare Ltd and Oscar Investments Ltd (OIL) Tuesday completed acquiring 62.17 percent of the equity of Chennai-based Malar Hospitals Ltd (MHL) for Rs.346.8 million ($8.7 million).
The acquisition has paved the way for Fortis Healthcare, leading hospital chain of north India, to launch itself in Southern India
'The completion of the acquisition process is an important milestone in our national rollout plans,' Shivinder Mohan Singh, CEO and managing director of Fortis Healthcare, said.
'Malar Hospital is well established in Chennai, and enjoys strong brand equity in the south, which is an advantage, as it is our first entry into the region,' Singh said in a statement.
He said the group welcomes the hospital and its employees and would 'upgrade the facilities by adding key super-specialties to it. We would also look at expanding footprint in the south soon'.
The 180-bed Malar Hospitals is a multi-specialty hospital focusing on comprehensive healthcare in the areas of gastroenterology, neurology, gynaecology, paediatrics, diabetics, orthopaedics and nephrology.
After the present deal, the total equity share capital held by Fortis is 48.83 percent while OIL's holding stands at 13.34 percent.
Malar Hospitals' Director Nithya Ramamurthy said: 'Fortis is known for the quality of its clinical and patient care. We are proud that Fortis will now own and manage this hospital. The patients of Malar and the southern region will gain immensely from the enhanced care, which can now be assured.'
Started its operation in 1996, Fortis has a presence in Delhi, Jaipur, Noida, Mohali (near Chandigarh), Amritsar, Faridabad, Raipur and Srinagar.
It currently has a network of 13 hospitals, primarily in North India, and 16 satellite and heart command centres, including one heart command centre in Afghanistan. (Indiaenews)
Reliance Communications acquires Ugandan telecom firm
Anil Ambani-led Reliance Communications Ltd (RCL) Thursday announced it has acquired Ugandan telecom service firm Anupam Global Soft Ltd (AGSL).
AGSL holds a public infrastructure provider licence and a public service provider licence issued by Uganda Communications Commission, RCL said.
According to a statement to the Bombay Stock Exchange, RCL said that under the existing licences, it targets to offer mobile, fixed line, Internet and national and international long distance services, in addition to WiMax and Wi-fi services in Uganda.
The acquisition, made through a subsidiary of RCL, marks the first step in the company's plans in the international mobile communications market.
The statement also said AGSL has already been allotted radio frequencies and plans to launch its mobile services by end 2008.
RCL will invest $500 million in establishing a fully Internet protocol (IP)-enabled integrated telecom network in Uganda to capture the significant growth potential in this emerging African market, the statement said.
Punit Garg, president of global business at RCL, said: 'The Uganda telecom market is similar to what India was 8 years back. Our expertise in managing among the world's largest integrated telecom network and deep understanding of diverse consumer segments makes us confident to achieve a significant position to add further value for our 2 million shareholders.'
Elaborating on the expansion and network plan, the statement informed that RCL plans to connect the African continent with rest of the world by laying a submarine cable system through its arm Reliance FLAG. It will spend $1.5 billion in building a 115,000 km fully IP-enabled optic fibre network. (Indiaenews)
AGSL holds a public infrastructure provider licence and a public service provider licence issued by Uganda Communications Commission, RCL said.
According to a statement to the Bombay Stock Exchange, RCL said that under the existing licences, it targets to offer mobile, fixed line, Internet and national and international long distance services, in addition to WiMax and Wi-fi services in Uganda.
The acquisition, made through a subsidiary of RCL, marks the first step in the company's plans in the international mobile communications market.
The statement also said AGSL has already been allotted radio frequencies and plans to launch its mobile services by end 2008.
RCL will invest $500 million in establishing a fully Internet protocol (IP)-enabled integrated telecom network in Uganda to capture the significant growth potential in this emerging African market, the statement said.
Punit Garg, president of global business at RCL, said: 'The Uganda telecom market is similar to what India was 8 years back. Our expertise in managing among the world's largest integrated telecom network and deep understanding of diverse consumer segments makes us confident to achieve a significant position to add further value for our 2 million shareholders.'
Elaborating on the expansion and network plan, the statement informed that RCL plans to connect the African continent with rest of the world by laying a submarine cable system through its arm Reliance FLAG. It will spend $1.5 billion in building a 115,000 km fully IP-enabled optic fibre network. (Indiaenews)
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