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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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Mobile-Tech Startup Zendrive Raises Funds

Mobile-Tech Startup Zendrive Raises Funds

Bengaluru and San Francisco-based Zendrive, has raised about R91 Cr ($13.5 Mn) in Series A funding led by Shervin Pishevar of Sherpa Capital, Nyca Partners and Thomvest Ventures.

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