Bank of India has signed the acquisition deed for acquiring 76% stake in PT Bank Swadesi, Indonesia. […]
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Bank of India has signed the acquisition deed for acquiring 76% stake in PT Bank Swadesi, Indonesia. […] US-based scientific instruments maker PerkinElmer has acquired the 49% stake held by its Indian joint venture partner Labindia Instruments in PerkinElmer India for an undisclosed amount. The 51:49 joint venture was formed three years back and is believed to be clocking revenues of more than Rs 100 crore. PerkinElmer is engaged in the area of designing, manufacturing, marketing and servicing products and systems for life and analytical sciences and optoelectronics. […] Two mega deals brewing on Dalal St promise to set mind-boggling benchmarks on how much a broking house can possibly pay to attract equity research and investment banking talent in India. Japanese financial services powerhouse Nomura Holdings is close to acquiring Enam Financial Consultants, one of India’s leading institutional broking and investment banking firms with revenues of around Rs 1,500 crore. […] India on Thursday facilitated steel baron L N Mittal's foray into oil refining by allowing him to pick 49 per cent stake in Hindustan Petroleum Corp's Bhatinda refinery, which would become the single largest FDI recipient in the sector. Mittal Investments plans to acquire the stake in the 9 million tons per annum refinery for Rs 3,365 crore through its 100 per cent arm Mittal Energy Investments Pte Ltd, incorporated in Singapore. […] After a bumper year in 2006, private equity fund-raising in India is now seeing a correction. Private equity and venture capital firms have raised $203.1 million till date in 2007, roughly one-tenth of what they had done ($2.2 billion) in calendar year 2006. While 2006 saw plenty of new funds being raised for the India market—an informal estimate puts the total at 17 funds—private equity activity this year will focus less on raising new money and more on the deployment of existing funds. […] |