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

Mergers & Acquisitions | 2 January 2012

OCL Iron & Steel Acquires BS Ispat

by Irfan Khan
OCL Iron & Steel Acquires BS Ispat
Share on Social Media Email Facebook Twitter Linkedin
 
@irfan
OCL Iron And Steel Ltd has acquired 100% stake in BS Ispat Ltd through its SPV - Oriental Iron and Casting Ltd.

Maharashtra based B.S Ispat Ltd was established in 1999. The company is engaged in coal mining, power generation and steel manufacturing. The company has been allotted coal mine block namely Marki-Mangli I from the Ministry of Coal located at Tahsil – Jhari Jhamni, District – Yeotmal of Maharashtra.

Another group company namely M/s. Gondwana Ispat Ltd. (GIL), incorporated on 5th Oct, 2001 and which is a 100% subsidiary of B S Ispat Limited has also been allotted a coal block namely Majra Coal Mine, in Tahsil – Warora District - Chandrapur, Maharashtra. Gondwana Ispat Ltd was merged into B S Ispat Ltd under a scheme of amalgamation which was been approved by Hon'ble High Court in July08.

Jacob Ballas To Acquire 5% Stake In Religare Finvest

Jacob Ballas To Acquire 5% Stake In Religare Finvest

Jacob Ballas is planning to acquire 5% stake in Religare Finvest, the NBFC controlled by Religare Enterprises for R200Cr.

Read More...

Contrarian Vridhhi Leads Investment In BookMyCab

Contrarian Vridhhi Leads Investment In BookMyCab

Amidst governments banning taxi aggregators, BookMyCab has raised an undisclosed amount of funding from Contrarian Vridhhi Fund-I along with existing investors including Mumbai Angels and YourNest Angel Funds.

Read More...