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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 Living Media India Limited, which owns the India Today group of publications.

Living Media owns 57.1% in TV Today Network, 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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Parsvnath Developers Raises Fund Through NCDs

Parsvnath Developers Raises Fund Through NCDs

Parsvnath Developers Limited, a real estate and infrastructure developer has raised R355 Cr by issuing 7,100 unlisted, secured, redeemable, NCDs having face value of R5 lacs each carrying a coupon of 13% through private placement.

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