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Mergers & Acquisitions | 11 April 2012    2 Comment

Reliance Industries To Buy Stake In Kingfisher Airlines

by Charmi Gutka
 
@charmi
@Reliance_Industries_Li 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.

Rakesh Jhunjhunwala Acquires Additional Stake In Viceroy Hotels

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

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China's Hareon Solar Partners Nereus Capital For India Foray

Chinese solar panel maker Hareon Solar Technology Company is partnering US-based, India-focused private equity firm Nereus Capital for foraying into the Indian sub continent as the former seeks to set up 150 MW of solar power plants in India in the next two years.

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