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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.

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Ultracab Files DRHP On BSE-SME

Gujarat based Ultracab (India) Private Limited is raising INR 79.7 Mn issuing 2.2 Mn equity shares at a unit price of INR 36. The issue constitutes 26.2% of the post issue paid up capital of the company.

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