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Mergers & Acquisitions | 27 March 2012

SEL Manufacturing Acquires Omega Hotels

by Charmi Gutka
 
@charmi
@SEL_Manufacturing Limited has acquired 99.88% stake in @Omega_Hotels Ltd and 51.09% stake in SEL Aviation.

Pursuant to this acquisition, both Omega Hotels and SEL Aviation has become the subsidiary company of SEL Manufacturing Company.

Omega Hotels Ltd. is implementing a Hotel Project at Agra in the State of Uttar Pradesh and SEL Aviation Pvt. Ltd. is in the business of Aviation Services and holds a Non-Scheduled Operator's Permit under the Director General of Civil Aviation.

Future Group May Acquire NCR Based Big Apple Chain Of Grocery Sores

Future Group may acquire NCR based Big Apple chain of food and grocery stores, reports BS. Though the exact valuation is not known, the final deal size could be close to R250Cr.

Read More...

FIM Bank Buys Out PNB's Stake In India Factoring

State owned Punjab National Bank has sold its 30% stake in India Factoring And Financial Solutions Limited to parent promoter FIM Bank Malta for a consideration of R107.83 Cr. The buyback hikes FIMBank's share in IFFSL increased to 79%.

Read More...
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