Japan Pulp And Paper Company Limited has acquired 49% stake in Kolkata based @KCT_Trading_P Private Limited.
The acquisition will enable the JPP Group to strengthen its sales network in the Indian paper market. The sale of a minority stake to an international paper trading Company will provide KCT more cost effective and broad based sourcing opportunities, as well as the impetus to continue its growth in the Indian market.
Regions Holding is planning to acquire NBFC for around $10 Mn. The PE fund has shortlisted some from the southern and western parts of the country that focus on lending to small and medium enterprises and students.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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