Archive for July, 2010

Indian healthcare firm Fortis Healthcare seeking Asian acquisitions in healthcare sector

Comments Off | 07-30-2010

After losing in a biding war against a Malaysian firm for Parkway Holdings, a Singaporean company, Fortis Healthcare Thursday announced that it was still keen on undertaking more acquisitions in Asia. The company said it would particularly target healthcare companies in Asia as it expands its presence in the region and beyond. Malvinder Singh, Fortis

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Posted in FDI news India, General, Health care sector | Read More

New York Stock Exchange listed Software company, Patni Computer Systems keen on acquisitions up to $300 Million in 2010.

Comments Off | 07-29-2010

Patni Computer Systems Thursday announced it is keen on taking up more acquisitions in a bid to expand and grow its business. The software company said it is currently considering investment acquisitions pegged at a price tag of more than $25 million and is expecting to close at least a single deal before the end

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Posted in FDI news India, General, Software & IT india | Read More

Japan’s steel manufacturer JFE to purchase about 15% of India’s JSW Steel

Comments Off | 07-29-2010

JFE Holdings Inc., Japan’s second largest steel manufacturer and the world’s fifth biggest steel producer, Tuesday announced that it had agreed on a deal with India’s third largest steel manufacturer, JSW Steel for the acquisition of 14.99% of its stake.
The deal will see JFE Steel Holdings Inc. remit an estimated Rs 4,800 for the investment

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Angel Broking in talks over possible minority stake sale seeking about Rs 300 crore for expansion

Comments Off | 07-28-2010

Reports emerged Monday that the Mumbai headquartered brokerage firm, Angel Broking said it was mulling a potential minority stake sale and had appointed an investment bank to look for potential investors. The report revealed that the broking firm is seeking about Rs 300 crore for expansion and growth of its business and is already in

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Posted in FDI news India, Finance Investment India, General | Read More

Foreign Direct Investment on rise in Indian electrical companies

Comments Off | 07-28-2010

According to the Indian Electricals and Electronics Manufacturers Association (IEEMA), the number of foreign direct investments targeting companies in the electrical products industry has increased in recent times. The agency revealed that major electrical products companies in the world are increasingly taking up acquisition investments in the country, with the latest being the takeover of

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Vodafone Group mulling sale of its minority stake of 4.39% in Bharti Airtel estimated value of $1.1 billion, reports

Comments Off | 07-27-2010

Reports have emerged in India that Vodafone Group may be pondering a possible sale of its minority share in Bharti Airtel. Vodafone holds a minority stake of 4.39% in Bharti Airtel that is valued at an estimated $1.1 billion and might be considering offloading it, if the reports in the Indian paper, Business Standard are

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Posted in FDI news India, General, Telecom Investment India | Read More

Australia based Media company Hanko Hackberry Group set aside offer of $5 million for its 100% shares

Comments Off | 07-27-2010

Sydney: After setting aside the offers of $2.8 million and then $5.0 million from an undisclosed media company in last 2 weeks, Kris Poria, Director of Hanko Hackberry Group (HHG) confirmed that they are not looking to sell off the 100% shares of the company instead can look into some strategic partner investing in the

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Nexxoft Infotel Ltd acquires stake in Bangalore based Elsoft Technologies

Comments Off | 07-24-2010

Nexxoft Infotel Ltd Thursday announced it had made an acquisition for 75% of Elsoft Technologies Pvt Ltd. The Indian, Bangalore headquartered Elsoft Technologies Pvt Ltd develops software whereas Nexxoft, begun in the year 1991, is involved in the development of interactive 3D technologies, games, RFID security and tracking services.
Other than that, the company had long

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Posted in FDI news India, General, Software & IT india | Read More

Bharti-Walmart eagerly awaits FDI policy decision, Wal-Mart looking to open over 100 stores in India

Comments Off | 07-23-2010

Wal-Mart Thursday announced that it will open more than one hundred stores in India if the FDI regulations policy under discussions permits FDI in multi-brand retail. Wal-Mart, the biggest retail chain in the world, said it is mulling the establishment of as many stores in the country to tap into its large retail market, estimated

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Posted in FDI news India, General, India Sector Investments, Retail Investments India | Read More

French company Legrand proposed acquisition of Indo Asian Fusegear’s switchgear division

Comments Off | 07-23-2010

The French company, Legrand Group Friday announced it had proposed an offer for the acquisition of Indo Asian Switchgear division from its parent company the Indo Asian Fusegear Limited. The company said the proposal had gotten overwhelming approval from the company’s board of directors but would still have to get corporate approval.
With the offer for

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