Equity investments are subjected to market risk, please take a accountable decision before investing in stock, whatever the tips suggested in this page are our expert views only."

Tuesday, March 22, 2011

Top M&A news of the day


Sesa Goa Ltd has acquired assets of Bellary Steel & Alloys Ltd. for all cash considerations Rs2.2bn.

Domestic News

Sesa Goa acquires assets of Bellary Steel

Sesa Goa Ltd has acquired assets of Bellary Steel & Alloys Ltd. for all cash considerations Rs2.2bn.

The secured creditors to BSAL represented by IFCI had taken over possession of the properties of BSAL in association with the official liquidator.

Piramal Healthcare clarifies reports on merger

Piramal Healthcare Ltd has clarified that it explores various strategic moves from time to time. However, as a policy and in the interest of its shareholders, the Company does not comment on any report relating to potential strategic initiatives unless they have reached the definite stage. Any comment by the Company on strategic initiatives that are either preliminary in nature or at the negotiating stage would otherwise be speculative. In this context,

The company would like to state that the Board of Directors of the Company has not considered any proposal for merger of Piramal Life Sciences Limited with the Company.

Earlier the news item appearing in a leading financial daily titled "Piramal Life rises 35% in 2 days on rumors of merger, new deal'.

Khazanah acquires stake in Apollo Hospitals 

Jyothy Fabricare acquires Diamond Fabcare

International News

Facebook plans to acquire Snaptu: report

Facebook is planning to acquire Feature phone application (app) developer Snaptu for an undisclosed amount, according to a report.There are reports that the deal may bevalued between US$40 mn and US$70 mn.Snaptu offers a service that makes social networks such as Facebook, Twitter and LinkedIn, among others, easily available on feature phones, which is used by most people globally, adds report.

Publicis Groupe acquires India-based Watermelon 

Charles Schwab plans to acquire optionsXpress 

Korea National to buy stake in Anadarko oil-shale block 

Arcus to buy Forth Ports for 760mn pounds.

Thanks & Regards
Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

No comments:

Important Stock Market Dates