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Sony Pictures Television (SPT), an indirect wholly owned subsidiary of Sony Pictures Entertainment Inc, will buy around 32 per cent of the shares of Multi Screen Media Private Limited (MSM) that are owned by Grandway Global Holdings Limited and Atlas Equifin Private Limited. SPT will pay $271 million (about Rs 1,512 crore) in cash to Grandway and Atlas subject to government approvals. While $145 million is likely to be paid by December when the transaction is expected to close, the […] Anil Ambani Group company Reliance Capital is backing a merger deal between Grover Vineyards and smaller rival Valle de Vin to create India’s second largest wine company. The financial services company will join Singapore-based wine investor Ravi Viswanathan as a key stakeholder in the combined entity, Grover Zampa Wines. The merger creates a new challenger to industry leader Sula Vineyards in the still nascent domestic wine market swelling over 1.5 million cases annually. Reliance Capital will have 18% stake […] Tatia has completed the deal by acquiring 25% stake in M/s. Stallion Brands India Private Limited In a release sent to BSE, company said, “Company emphasizing its vision of inorganic growth model and business consolidation has taken a yet another milestone step to enhance its exiting growth model portfolio has completed the deal by acquiring 25% stake in M/s. Stallion Brands India Private Limited. Stallion Brands India Private Limited is in exclusive agreement and license holder with Levis Strauss India […] An Indian private equity fund, floated by a group of former corporate executives, is in advanced talks to raise an additional $50 million from Spanish and US investors, in the midst of tough market conditions. Forum Synergies (India) PE Fund Managers is negotiating with marquee Spanish investor Ram Bhavnani and Madrid-based Orienta Capital for a fresh round of funds that will boost its corpus to $100 million. Other investors expected to participate in this round are family offices and development […] Schrader Bridgeport International Inc of the US has exited Schrader Duncan. Schrader Bridgeport was the majority partner in the listed Indian tyre tube valves and pneumatic products joint venture. JP Goenka group, the junior partner, through one of its outfits Oriental Carbon & Chemicals Ltd (OCCL), has bought out the entire 50 per cent stake of Schrader Bridgeport. As on March 31, 2012, JP Goenka group outfits a total of 24.5 per cent — OCCL held 12.58 per cent and […] |