022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 1 February 2011

Korea Based Doosan Acquires AE&E's Indian Power Unit

by Charmi Gutka
Korea Based Doosan Acquires AE&E's Indian Power Unit
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

South Korean firm Doosan Heavy Industries and Construction Company has acquired Austria-based AE&E (Austria Energy & Environment) Group's Indian unit - AE&E Chennai Works Limited for 20.5 Mn Euros (around $28.15 Mn).

With this deal Doosan gets a manufacturing base in India for power plant boilers.

In last few years, Doosan has secured orders for power plants in India and was looking for manufacturing base in India.

Transaction Reference: The Hindu Business Line


{TAG_10208_1296537427}

ValueFirst Messaging Raises Rs 70 Cr From Headland Capital, NEA

ValueFirst Messaging Raises Rs 70 Cr From Headland Capital, NEA

ValueFirst Messaging Pvt Ltd has raised Rs.70 Cr (around $15 Mn) from Headland Asian Ventures Fund 3 (HAV3) and existing investor New Enterprise Associates (NEA).The funds raised will be used for acquisitions in India ...

Read More...

Aviva PLC, buys an additional 23 per cent in Indian venture

Aviva PLC, buys an additional 23 per cent in Indian venture

Aviva PLC, buys an additional 23 per cent stake in its Indian joint venture, Aviva Life Insurance Co. India Ltd., for about Rs 940 crore from Dabur Invest Corp. The transaction values Aviva Life at nearly Rs 4,087 crore. The deal was made in one of the foreign direct investment (FDI) proposals green-signaled by the government on7th March. Post the deal, Aviva Plc’s stake has reached to 49 per cent in the joint venture, the country's maximum permitted foreign direct investment limits.

Read More...
Subscribe
Enter your Email address
to receive all the news