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| | Dabur completes Fem acquisition ; to launch new products | 25-JUN-09 |
| | Having completed the acquisition of Fem Care Pharma Ltd, a player in the women’s skin care products market, homegrown FMCG company Dabur is now set to extend its herbal heritage to the Fem product portfolio. The company has already developed two products - a bleach and a hair removal cream and will roll them out next month for test marketing. | |
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| | I-bankers see the return of cross-border M&As | 20-JUN-09 |
| | Sameer Nath, head of mergers and acquisitions (M&A) for Citi Group Global Markets India, has been busy working on domestic restructuring and consolidation deals over the past six to nine months. He managed close to about $4 billion worth of such deals, one of the highest in the investment banking industry in the first five months of this year. | |
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| | ICICI Venture to sell Vetnex stake to Pfizer for Rs 200 cr | 09-JUN-09 |
| | ICICI Venture today announced signing of a definitive share purchase agreement to sell all common shares of RFCL’s Vetnex Animal Health to Pfizer Animal Health of world’s largest drug maker Pfizer. The acquisition is expected to close by August 2009, subject to necessary regulatory approvals. | |
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| | Telenor completes 49% stake buy in Unitech Wireless | 20-MAY-09 |
| | Norway-based Telenor today completed the acquisition for a 49 per cent stake in Unitech Wireless as it paid Rs 1,130 crore in the second tranche for a further 15.5 per cent stake in the company. | |
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| | Sebi asks Bharti to clarify on promoter stake hike | 29-APR-09 |
| | The Securities and Exchange Board of India (Sebi) has sought clarifications from telecom services major Bharti Airtel for increasing the promoter’s stake in the company by way of creeping acquisitions and without making public announcements. | |
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| | Merieux may divest stake in Shantha Bio | 27-APR-09 |
| | French healthcare company Merieux Alliance, which holds a 78.85 per cent stake in Hyderabad-based vaccine manufacturer and biopharmaceutical firm Shantha Biotechnics, might dilute some of its stake, according to Shantha founder and managing director KI Vara Prasad Reddy. | |
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| | IBM pulls out of race for Satyam on lawsuit fears | 07-APR-09 |
| | Global information technology giant IBM is understood to have finally pulled out of the race for Satyam Computer Services on fears that it could face a spate of class action suits in the US, where it is listed. | |
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| | Hype takes majority stake in Asawari Publicity | 03-APR-09 |
| | Advertising major Hype Integracomm Pvt Ltd has picked up a majority stake in the Pune-based Asawari Publicity to enter the ever-growing outdoor advertising market in the western India information technology hub. Asawari Publicity Pvt Ltd is a two-year-old company providing outdoor media solutions to a large number of private companies. | |
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| | Mergers of public sector banks favoured | 31-MAR-09 |
| | The financial sector assessment report, prepared by the Reserve Bank of India (RBI) and the Central Government, has favoured the merger of public sector banks (PSBs) having a government holding bordering on 51 per cent with those having a much higher state-holding to ensure that their business growth does not suffer due to capital constraints. | |
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| | A K Capital buys 70.83% in NBFC for Rs 1.48 cr | 31-MAR-09 |
| | A top Mumbai-based bond broker, A K Capital, has acquired 70.83 percent stake in a non-banking finance company (NBFC), Girdhar Vanijya, for Rs 1.48 crore. Through the NBFC, A K Capital plans to start an investment banking unit for the bond market. | |
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| | Rain Commodities to buy back 4.56 mn shares | 31-MAR-09 |
| | Hyderabad-based cement manufacturer Rain Commodities Limited (RCL) stated that its board has approved buy-back of up to 4.56 million shares accounting for 11.58 per cent of the paid-up equity share capital of the company. | |
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| | LSE in talks with MCX-SX to pick up equity stake | 30-MAR-09 |
| | The London Stock Exchange (LSE), the world’s third largest exchange in terms of value of shares traded, is in talks with Financial Technologies (FT) to buy a stake in its stock exchange arm MCX-SX. | |
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