COMMODITIES

Monnet Ispat stake sale likely by March-end, says chairman

February 23, 2017 | Deepak Kumar Sahu

The process of selling a majority stake in Monnet Ispat and Energy Ltd (MIEL) is likely to be over by the end of the current financial year, Sandeep Jajodia, the company’s chairman and managing director, says in an interview.

Rosneft-led group plans to complete Essar deal next month

February 21, 2017 | Reuters

A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.

Tata Steel Europe's merger talks with Thyssenkrupp face delays

February 13, 2017 | Reuters

Investors expecting a deal this year in Tata Steel's talks to merge its European assets with Germany's Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm's British pension scheme.

Max Ventures to sell 49% in speciality films biz to Japan's Toppan for $30 mn

February 10, 2017 | Bruhadeeswaran R

Japan’s Toppan Printing Co Ltd will pick up a 49% stake in Max Ventures and Industries Ltd’s speciality packaging films unit for about Rs 200 crore ($30 million), the Indian company said on Friday.

Steelmaker Usha Martin plans to sell wire rope business

February 10, 2017 | Deepak Kumar Sahu

Speciality steel maker Usha Martin Ltd is planning to sell its wire and wire rope business.

Tata Steel signs pact to sell UK speciality steel biz for $125.6 mn

February 09, 2017 | TEAM VCC

Tata Steel Ltd said on Thursday it has signed a definitive pact to sell its UK speciality steel business to Liberty House Group for £100 million ($125.6 million or Rs 838 crore).

Nippon Paper acquiring BK Modi Group’s paper cup making biz

January 24, 2017 | Bruhadeeswaran R

Japan’s Nippon Paper Industries Co. Ltd is entering the Indian market by acquiring the largest local paper cup manufacturing company owned by the BK Modi Group for an undisclosed amount.

Govt seeks to raise $70 mn from stake sale in miner MOIL

January 23, 2017 | Ankit Doshi

The government will sell a 10% stake in state-run manganese ore mining company MOIL Ltd to raise as much as Rs 475 crore ($70 million) as part of its disinvestment plan for the current financial year.

JSW Cement buying majority stake in Shiva Cement, makes open offer

January 12, 2017 | Bruhadeeswaran R

JSW Cement Ltd, part of the billionaire Sajjan Jindal-led JSW Group, has made an open offer to acquire a 32% stake in Shiva Cement Ltd from public shareholders as part of a plan to buy a controlling stake in the Odisha-based company.

Exclusive: Speciality chemicals maker Fine Organics appoints bankers for IPO

January 03, 2017 | Ranjani Raghavan & Ankit Doshi

Speciality chemicals firm Fine Organic Industries Pvt. Ltd has appointed financial advisors to finalise plans for an initial public offering this year, two people familiar with the matter said.

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