Brigade Ent to build new project on Pfizer land plot in Chennai

Brigade Enterprises said it has acquired a plot of Rs 139 crores from Pfizer Healthcare India Ltd in Chennai to build a residential project. The 6.54 acre land-plot has been acquired in Sholinganallur, on the Old Mahabalipuram Road. “We will be developing a residential project on this land parcel with an overall development of over […]

Piramal Enterprises sells 10% stake in Shriram Transport Finance

Diversified group Piramal Enterprises Ltd said it has sold its entire direct stake of 9.96% in Shriram Transport Finance Co Ltd via the stock exchanges. The move comes at a time when non-banking finance companies find the going tough due to a slow down in credit flow to the industry. The company did not reveal […]

JSW-AION accepts terms for purchase of Monnet Ispat

JSW Steel Limited said it, along with its consortium partner and private equity player AION Investments Private II Ltd, has accept the terms and conditions for the acquisition of the assets of bankrupt steelmaker Monnet Ispat and Energy Limited. The duo were declared the successful, and only, bidders two days ago. The bids were placed […]

Prestige Estates buys office plot on Sarjapur Road for Rs 336 cr

Prestige Estates, arguably the biggest developer of office buildings in Bangalore, said it will pay Rs 336 cr to get 80% of a company that owns 59 acres of land on Outer Ring Road at Sarjapur in Bangalore. “The company intends to develop a state of the art commercial office space with over 6 mln […]

ONGC, IOCL, BPCL acquire 10% in Abu Dhabi oil block

A consortium of companies, including ONGC, Indian Oil Corporation Ltd and Bharat Petroleum Corporation Ltd, have taken a 10% stake in Lower Zakum Concession. The “participation fee” paid by the Indian consortium is 2.2 billion UAE dirhams (Rs 3,850 cr). The onshore field is located inside the UAE and is owned by the Abu Dhabi […]

Neuland Laboratories acquires Hyderabad factory from Arch Pharma

Pharma manufacturer Neuland Laboratories said it acquired a manufacturing plant located near Hyderabad from Arch Pharma Labs Limited. The facility is spread across 12 acres and has a capacity of about 197 KL, the company said. The plant was inspected by the USFDA in 2015, it added. “These were much needed to provide flexibility to […]

Bharti Infratel to try to buy Vodafone & Idea stake in Indus Towers

Bharti Infratel, the tower arm of Bharti Airtel, said it has decided to explore the possibility of buying out the stakes of Idea Cellular and Vodafone in rival tower company Indus. Bharti and Vodafone currently own about 42% each in Indus, while Idea holds about 11%. As a result, anyone who buys the stakes of […]

ONGC Videsh completes Namibia offshore block acquisition

ONGC Videsh Limited, the overseas subsidiary of ONGC, said it completed the acquisition of 30% interest in Namibia’s offshore block, as announced earlier. The acquisition involves blocks 2112A, 2012B and 2113B. The stake was purchased from Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc. T Tullow with continue to be the […]

Airtel buys high-capacity 4G spectrum from Tikona in five circles

Bharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio. Airtel plans to roll-out high speed 4G services on the newly acquired spectrum in the […]

NIIT acquires Bangalore-based Perceptron’s business

NIIT, an Indian multinational company in skills and talent development, said it has acquired the business of Bangalore-based start-up Perceptron Learning Solutions Pvt Ltd. Established in 2014, Perceptron focuses on developing learning platforms that combine deep analytics and semantic computing to ensure better learning outcomes. “Taking forward NIIT’s thrust on digital transformation in the EdTech […]

Syngene International buys systems biology and pharma services assets of Strand Life Sciences

Syngene International Ltd., Asia’s largest contract research organization, said it has purchased assets of Strand Life Sciences related to systems biology, Heptox and Pharma Bioinformatics services. Financial details of the deal were not disclosed. The acquisition includes target dossier business and rights to NGS data analytics and Sarchitect platforms, supported by a strong scientific team. […]

Cadila Healthcare acquires gall bladder drug from Albert David

Zydus Healthcare Limited, a wholly owned subsidiary of Cadila Healthcare said it has entered into a definitive agreement to acquire ‘Actibile’ from Albert David Limited. No pricing was disclosed. The gastroenterology drug is used for dissolving gall bladder Stones. The deal will be financed through internal accruals, the pharmaceutical company said. “The gastrointestinal segment has […]

Idea buys Videocon Telecom spectrum in Gujarat and UP West for 4G launch

Idea Cellular Ltd has become the first operator in India to buy spectrum under recently unveiled trading guidelines. The company said it has agreed with Videocon Telecommunications Limited for acquiring right to use spectrum under govt guidelines dated October 12, 2015, for the areas of Gujarat and Uttar Pradesh (West). “This agreement for Idea’s two […]

Godrej Properties sells Puravankara Bangalore plot to Shubh Properties

Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. — a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd.. The plot was acquired by Godrej Properties (in association with Dutch pension services provider APG) […]