Merger and Acquisition

Merger And Acquisition

Finland’s Metso to acquire valve automation division from Rotex in India

Franchise India Bureau Apr 05 2018 - 2 min read

Finnish industrial machinery company Metso has confirmed to acquire the valve automation division of Indian valve technology company Rotex Manufacturers & Engineers Pvt. Ltd for an undisclosed amount. Rotex plans to use the proceeds from the sale for restructuring group companies and developing new products, managing director Amit Shah said.

Comment

Share
Merger And Acquisition

Videocon Industries Exits Insurance Business

Franchise India Bureau Mar 20 2018 - 1 min read

India's Videocon Industries Ltd has confirmed to have sold its entire stake in its joint venture with the US-based Liberty Mutual Insurance Group to Diamond Deal trade Ltd and Enam Securities Pvt Ltd. Videocon, which had a 51.32% stake in the venture, Liberty Videocon General Insurance Company Ltd, sold 26% stake ...

Comment

Share
Merger And Acquisition

Blackstone to buy 85% in Nitesh’s Pune mall for Rs 300 crore

Franchise India Bureau Mar 20 2018 - 2 min read

The world’s largest private equity firm Blackstone is set to buy an 85% stake in southern property developer Nitesh Estates’ mall in Pune for about Rs.300 crore. New York-based Blackstone, which is building a portfolio of shopping malls as part of its bet on rent-yielding real estate, will acquire shares held ...

Comment

Share
Merger And Acquisition

Apple Buys Texture To Extend magazine subscription service

Franchise India Bureau Mar 13 2018 - 1 min read

In a bid to extend its subscription services beyond music and online storage, Apple has purchased digital magazine distributor Texture, putting apple in control of the services. Often described as a Netflix of magazines, Texture allows readers to read articles in more than 200 magazines for USD $10 per month, much ...

Comment

Share
Merger And Acquisition

Airtel to buy Indian leg of Gulf Bridge owned sub-sea cable

Franchise India Bureau Mar 06 2018 - 1 min read

Bharti Airtel has announced to purchase the India leg of West Asia’s first privately-owned sub-sea cable operator Gulf Bridge International. The asset links the country with West Asia and Europe. In a statement Airtel said it will also pick up significant share in the West Asia-Europe leg of Gulf Bridge’s sub-sea ...

Comment

Share