Soumonty Kanungo
Stories by Soumonty Kanungo
India: Shree Cement to buy 93% stake in UAE firm for $305m
This will be Shree Cement’s first venture outside India and its biggest acquisition ever.
India: Tata Global Beverages plans to sell stake in Sri Lankan Watawala plantations
Tata will sell its stake in joint venture Estate Management Services, the managing agent for the Watawala plantations, for Rs 120 crore.
India: Kanoria Foundation’s Shristi Hotel eyes acquiring business hotels, resorts
Alongside, the firm is looking to build two properties from the ground up in Udaipur and Puducherry.
India: AkzoNobel to sell its speciality chemicals business for $49m
It will sell the speciality chemicals business “as a going concern”, subject to shareholders’ approval.
McLeod Russel India sells Bhatpara Tea Estate for $2.1m
The Williamson Magor Group firm said it had concluded a deal to sell the estate for Rs13.2 crore.
India: Srei Equipment Finance plans $311m IPO by next year
The public issue is estimated to value Srei Equipment Finance at Rs7,200-8,000 crore.
Tata Global Beverages to sell Russian ops to Skodnya Grand
The Russian operations yielded Rs266 crore in revenue and a post-tax loss of Rs29 crore in 2016-17.
India: RP-Sanjiv Goenka Group buys Gujarat-based Apricot Foods for $68m
The founders of Apricot Foods will hold the remaining 30% stake for now
India: Tata Steel eyeing acquisition of firms in RBI list of large NPA accounts
Bhushan Steel, Electrosteel Steels, Essar Steel Ltd and Monnet Ispat are on the list.
India: JSW to revise offer for acquiring troubled Monnet Ispat, says Parth Jindal
The group may also consider Bhushan Steel and Essar Steel if offered at the “right price”
