Acquisitions
Birla Corp to acquire Lafarge's two Indian units for Rs. 5000 crore
Birla Corporation has signed an agreement with French-based Lafarge Group to acquire its Jojobera unit in Jharhkand and Sonadih in Chattisgarh for sum of Rs. 5000 crore. The Lafarge disinvested these two units in order fulfil the directions given by ..
Month: Current Affairs - August, 2015
Greenko to sell India’s assets to GIC of Singapore for Rs. 1,600 crore
Hyderabad based renewable energy company Greenko has agreed to sell its India assets to Singapore based sovereign wealth fund company GIC for about 1,600 crore Rupees. Greenko has signed a non-binding deal with GIC for the sale of the company’s trading ..
Month: Current Affairs - August, 2015
Warren Buffett led Berkshire Hathaway to buy Precision Castparts for $37.2 billion
The billionaire Warren E Buffett led Berkshire Hathaway has agreed to acquire the metal parts manufacturer Precision Castparts Corporation (PCC) for 37.2 billion US dollars. This will be the one of the largest takeovers ever undertaken by the billionaire’s company, ..
Month: Current Affairs - August, 2015
Pramerica Mutual Fund has acquired Deutsche MF business in India
Mutual Fund sector witnessed fifth exit of foreign fund house in two years from India on 7 August, as Pramerica Mutual Fund (MF) a company affiliated to US based Prudential Financial Inc. buys out German Deutsche Bank Group’s MF business ..
Month: Current Affairs - August, 2015
Thomas Cook (India) Ltd acquires Kuoni’s travel business in India and Hong Kong
Thomas Cook (India) Ltd has acquired Zurich based Kuoni Group’s travel businesses in India and Hong Kong for 535 crore rupees. Kuoni entered India in 1996 by acquiring travel brand SOTC and destination management brand SITA. The acquisition includes these ..
Month: Current Affairs - August, 2015
Airtel acquires YTS for mobile payment solutions
India’s largest telecom operator Bharti Airtel has acquired YTS Solutions a mobile payments solutions company for an undisclosed price. YTS Solutions will be integrated with the operations of Airtel Money Services Ltd a subsidiary of Airtel. This acquisition will help ..