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Mergers & Acquisitions | 11 April 2012

Reliance Industries To Buy Stake In Kingfisher Airlines

by Charmi Gutka
Reliance Industries To Buy Stake In Kingfisher Airlines
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Reliance Industries is planning to acquire stake in debt-ridden Kingfisher Airlines Limited.

If the deal goes through Reliance would also get Mangalore Chemicals and Fertilizers Ltd, in which the UB group has a 30.44%.

Mangalore Chemicals is a fertilizer manufacturing company. It manufactures wide range of products that includes Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers.

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Rakesh Jhunjhunwala has acquired additional 3.43% stake in Viceroy Hotels through open market transaction.

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Utkarsh MFI Secures Funding From Lok Capital, CDC Group

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Impact investment fund Lok Capital along with CDC Group plc, have made an investment of $21 Mn in Varanasi based micro finance company Utkarsh. This round also witnessed participation from its existing investors Aavishkaar Goodwell, Microfinance Development Fund, IFC and Norwegian Microfinance.

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