Milestone Re-approaches Dewan Housing For Buyout – Patience may well pay off for Kapil Wadhawan, chairman and managing director of Dewan Housing Finance (DHFL). After Britain’s Ashmore Investment Managers walked out of their negotiations, the promoters of Milestone Capital have reached out to DHFL once again to buy them out. Negotiations in the past had fallen through on valuations. London-headquartered Ashmore, which was the sole contender for the PE firm, has also withdrawn. (Business Standard)
Alston. Siemens & GE In Talks For Suzlon’s REpower – Global power equipment and wind turbine majors Alstom, Siemens and GE are negotiating with Suzlon Energy for a possible buyout of its German subsidiary REpower. They said the talks were preliminary and may not even conclude in a deal. Alstom was eyeing REpower and was even willing to pay as much as euro 1.5 billion ($2 billion) for the asset. (Business Standard)
Muthoot Finance Not Bidding For Thomas Cook – The largest gold loan company by asset portfolio Muthoot Finance today said that it was not looking at buying out the troubled travel and money changer firm Thomas Cook India, which has been put on the block by its British parent. Muthoot conducted due diligence but decided not to follow it. (Economic Times)
Single Consortium Bid For BG’s Stake In Gujarat Gas – Only one bid for the PSU consortium came in till late Thursday evening for the stake of British Gas (BG), which is in the process of divesting its 65.12 per cent controlling stake in Gujarat Gas. BG had earlier extended the bid deadline to March 15 from the earlier February 29 cut-off. Gujarat State Petroleum Corporation, Oil India, Bharat Petroleum Corporation, Oil and Natural Gas Corporation have together bid as a part of one consortium. (Business Standard)
DE Shaw Reaching Settlement With Amar Ujala – New York-based private equity (PE) firm DE Shaw Group, which had acquired an 18% stake in Amar Ujala Publications Ltd in 2006 for Rs. 117 crore, may be close to arriving at an out-of-court settlement with the newspaper publisher that it’s been locked in a legal battle with since October 2010. DE Shaw could get Rs. 170-200 crore for its stake. (Mint)
Shasun Pharma Sells Land Block – Shasun Pharmaceuticals has sold its Velachery land for Rs 29 crore. The property on the main road has been purchased by the ITC Group. The group, which is putting up the multi-star luxury hotel property the ITC Grand Chola in Guindy, is likely to use the Velachery property for support facilities. (Business Line)
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6 years ago
Dewan Housing Finance Ltd (DHFL) has once again walked out of the negotiations...
6 years ago
Milestone Capital Advisors Ltd, the homegrown alternate asset management fund,...
9 years ago
Suzlon ups stake in REpower to 76 pct : Suzlon Energy Ltd has raised its...