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Mergers & Acquisitions | 20 March 2012

Nitco Acquires 51% Stake In New Vardhman Vitrified Pvt Ltd

by Charmi Gutka
 
@charmi
@Nitco_Limited Limited has acquired 51% stake in Surat based New Vardhman Vitrified Private Limited.

According to filing on BSE, New Vardhman Vitrified is setting up a tile plant with a capacity to manufacture 4.95 Mn sqmt p.a of Vitrified Tiles and 3.75 Mn sqmt p.a of Wall Tiles and the production is expected to commence within six months.

Reliance Capital Acquires Stake In Mahindra Satyam For R87Cr

Reliance Capital Trustee Company has acquired stake in Mahindra Satyam through a bulk deal on exchange.

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Snapdeal Buys Product Discovery Portal Doozton

Jasper Infotech owned Snapdeal has acquired a year old bootstrapped fashion & lifestyle product discovery site Doozton for an undisclosed amount. With the acquisition Snapdeal seeks to provide a personalized way of listing and suggesting fashion merchandise on its ecommerce portal.

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