KGS Nelsun Paper Mill Ltd said it had bought a 60 per cent stake in packaging and white paper manufacturer, Cochin Kagaz Ltd. With its base in Chennai, KGS Nelsun Paper Mill Ltd has been mulling potential expansion plans and this investment might be a move in that direction.
The firm runs a paper mill in

The KfW Bankengruppe, based in Germany and considered one of Europe’s foremost development finance institutions announced that DEG, one of its member firm’s has acquired a minority stake in Deepak Fasteners Ltd. Based in Ludhiana, it is the largest manufacturer of specialty industrial fasteners and is promoted by the Kalra family.
DFL will utilize the fund

Indian fabric and clothes maker Bombay Rayon Fashions said Wednesday it is to acquire 70.56 per cent stake in STI India. The investment will see Bombay Rayon Fashions part with about Rs 70 crore and the deal pegs the value of the target firm, STI India at Rs 99.20 crore. Indore based STI India is

Meghmani Organics Tuesday said it had acquired land for the set up of a manufacturing facility. The pesticide manufacture reported it had obtained around 90,000 square meters of land at the Dahez Special Economic Zone in Gujarat for the investment. The property was acquired via Meghmani Organics’ subsidiary at an investment of Rs 60 crore.
The

ChrysCapital said Monday it had sold off its 3.478 per cent remaining shareholding in Mahindra & Mahindra Financial Services for an estimated Rs 225.7 crore. ChrysCapital, the private equity firm said it had sold the stake via a bulk arrangement deal on the Bombay and the New Delhi Stock Exchanges. Previously, ChrysCapital had a shareholding

Financial technology firm Polaris Software Lab Ltd Friday said it had acquired property belonging to Catalytic Software Ltd to be used in the establishment of the first phase of The School of Financial Technology. Polaris reported acquiring the 50 acre facility in Hyderabad from the US based Catalytic.
The chief shareholder of Catalytic Software Ltd is

Sumitomo Metal Industries is set to take over a 40 per cent shareholding in India’s Bhushan Steel’s SPV of 6 MT steel facility project in the state of West Bengal. The Japanese steel firm is poised an investment consideration amount of Rs 20, 000 crore for the 40 per cent stake in the project.  Bhushan

The State Bank of India Thursday said it had purchased a stake in A Little World Pvt Ltd. State Bank of India, India’s largest bank, bought a 20 per cent stake in A Little World Pvt Ltd, the technology services provider at an investment of Rs 80 Crore. The investment subsequently values A Little World

In an announcement Wednesday, Spicejet reported that Sun TV owner Kalanithi Maran and his company KAL Airways purchased an additional shareholding, in line with an earlier deal for the acquisition of Spicejet’s 37.7 per cent stake. Maran and his firm KAL Airways bought an extra 2.28 per cent equity in Spicejet for about Rs 43.58

Weir Group Plc announced it had completed its takeover of BDK Engineering Industries Ltd’s valves business. Weir Group Plc, the UK based engineering major will undertake the investment in the Karnataka based family business for an undisclosed amount. BDK Engineering Industries Ltd is a family business based in Karnataka and manufactures valves for the oil