CORPORATE
ANNOUNCEMENTS
Vidula Jalan to get Mangalam Timber Products
Basant Kumar Birla plan for succession
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UK publishing house setting up base in India
New Delhi, June 30 The UK-based Parragon Publishing is setting up a publishing base in Delhi, its first in India, to source content, illustrations and designs for its international business.The company operates in 35 markets worldwide. ...
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OVERSEAS BORROWINGS
Gayatri Projects issues yen bonds
Mumbai-based Gayatri Projects Ltd has issued yen bonds worth Rs 930 crore. The five-year zero coupon convertible bonds have an yield-to-maturity of 3.75 per cent and the conversion price will be set at a premium of 25 per cent to the weighted ...
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DIVIDEND ANNOUNCEMENT
Heritage Foods proposes dividend
Heritage Foods India Ltd has informed the BSE that its board meeting on on Friday had recommended a dividend at Rs 3 per share (30 per cent) for the year ended March 31, 2007. ...
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MERGERS & ACQUISITIONS
As a sector moves from early stage to maturity, PE activity broadens
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Pharmalink buys Lilly’s brand
Eli Lilly has sold off its antibiotic brand – Distaclor (Cefaclor) to Pharmalink, a subsidiary of Quintiles International Corp, for an undisclosed sum. The drug which was being marketed in India by Lilly since 1993 is one of its flagship ...
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OVERSEAS INVESTMENTS
Cranes Soft buys Proland, Caravel
Bangalore, June 30 Cranes Software has acquired the Bangalore-based anti-virus software maker Proland Systems Ltd, and Caravel Info Systems.Cranes has spent Rs 20 crore towards the acquisition cost of Proland and the immediate ...
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Lumax plans production facility in Thailand
New Delhi, June 30 Lumax Industries plans to set up a manufacturing facility in Thailand at an investment of about $7 million. This would be in line with the strategy that many Indian auto component makers would follow as Tata Motors is set to ...
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ALLIANCES & JOINT VENTURES
Lenzing, Modi Group in pact for viscose plant
$200-m project near Mumbai; production slated for 2010-11
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DIVERSIFICATION
Ansal Properties makes Rs 2,000-cr hospitality foray
SPV with Ambience Hospitality; 30 hotels in 10 years planned
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OUTLOOK
Roadmap for Mahindra’s US entry with Scorpio
Mumbai, June 30 In April 2007, Mahindra and Mahindra (M&M) announced its plans to enter the US, the world’s largest pick-up market and a prominent market for SUVs (sports utility vehicles), with its range of models developed on the ...
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M&M plans doubling exports every year
Mumbai, June 30 Mahindra & Mahindra (M&M) has registered CAGR (Compounded Annual Growth rate) of 66 per cent in exports since FY 2003-04 when it clocked 1,061 units in export volumes. The automobile manufacturer sold 8,100 units in FY ...
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Marriott plans expanding base in India
Mumbai, June 30 Marriott International Inc, a US-based hotel company, would manage 15 more properties in India, taking the total count to 21 by 2010. Addressing a press conference on Friday, the company said it would be cashing in on ...
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IL&FS plans 4,000 MW power project in TN
Chennai, June 30 Infrastructure Leasing and Financial Services Ltd (IL&FS), one of the country’s larger infrastructure developers, plans to put up a 4,000 MW coal-based power plant in Tamil Nadu. The project would most probably come ...
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