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Mergers & Acquisitions | 20 March 2012

Nitco Acquires 51% Stake In New Vardhman Vitrified Pvt Ltd

by Charmi Gutka
Nitco Acquires 51% Stake In New Vardhman Vitrified Pvt Ltd
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Nitco 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 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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Nimbus Communication To Offload Stake In Neo Sports

Nimbus Communication To Offload Stake In Neo Sports

Nimbus Communication along with other promoters is planning to sell 100% stake in Neo Sports Broadcast and is in talks with couple of buyer in India and abroad for sale. The deal is likely to be closed by next calendar year.

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