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Mergers & Acquisitions | 12 April 2012

Trafigura To Invest $130 Mn In Nagarjuna Oil

by Charmi Gutka
Trafigura To Invest $130 Mn In Nagarjuna Oil
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Trafigura is investing $250 Mn in @Nagarjuna_Oil Limited.

Of the total investment, $130 Mn will be invested as equity, while the rest will be invested for developing storage facility.

The new refinery and storage project will be located on the east coast of India, and will be able to receive supertankers, which typically can load up to 2 million barrels of oil.

India Hospitality Group Acquires Adelie Food Group

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India Hospitality Corp has acquired UK based Adelie Food Group from Duke Street Capital.

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RBI Eases FDI Norms For Equity Issuance

RBI Eases FDI Norms For Equity Issuance

The Reserve Bank of India has eased equity issuance norms under the FDI allowing companies to issue equity shares against any type of payables. However the relaxation is subject to certain conditions.

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