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Mergers & Acquisitions | 10 April 2012

Aditya Birla May Acquire 26% In Living Media

by Irfan Khan
Aditya Birla May Acquire 26% In Living Media
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Aditya Birla Group is planning to acquire 26% stake in @LivingMediaIndia Limited, which owns the India Today group of publications.

Living Media owns 57.1% in @TVTodayNetwork, the listed company that owns the group’s broadcasting assets.

New Delhi based Living Media has interests in magazines, newspapers, books, radio, television, printing and the Internet. It brands include India Today, Business Today and clutch of licensed magazines such as Cosmopolitan, Good Housekeeping, Men’s Health, Harper’s Bazaar, Travel Plus and Harvard Business Review, among others.

EnerSys Acquires 50.5% In Energy Leader Batteries

EnerSys Acquires 50.5% In Energy Leader Batteries

US based EnerSys has acquired 50.5% stake in Hyderabad-based Energy Leader Batteries India Private Limited, a VRLA battery manufacturer through its Singapore subsidiary - EnerSys Reserve Power Pte. Ltd.

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Realty Developer Nitesh Estate Acquires Pune's Plaza Centre Mall

Realty Developer Nitesh Estate Acquires Pune's Plaza Centre Mall

Real estate developer Nitesh Estates has acquired the 1 Mn sq-ft Plaza Centre Mall in Pune from Elbit Imaging Group owned by Israeli billionaire Mordechai Zisser, for INR 3,000 Mn.

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