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Mergers & Acquisitions | 16 April 2012

Isuzu Motors Acquires 11% In SML Isuzu For R60Cr

by Charmi Gutka
Isuzu Motors Acquires 11% In SML Isuzu For R60Cr
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Sumitomo Corporation has sold 11% stake in SML Isuzu (erstwhile Swaraj Mazda) to Isuzu Motors for about R60Cr in a negotiated sale.

According to the filing, Sumitomo Corporation transferred 15,91,881 equity shares, representing 11% stake in the company, to Isuzu Motors.

Post this transaction, Sumitomo Corp's holding in the company has come down to 43.96% from 54.96%, while Isuzu Motors' holding has gone up to 15%.

Vedanta Group's Agnivesh Agarwal Acquires 60% In Primex Healthcare

Vedanta Group's Agnivesh Agarwal Acquires 60% In Primex Healthcare

Vedanta Group's Agnivesh Agarwal has bought a 60% stake in Primex Healthcare that operates health care centres in Chennai. The financial details of the transaction were not disclosed.

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Aviva PLC, buys an additional 23 per cent in Indian venture

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Aviva PLC, buys an additional 23 per cent stake in its Indian joint venture, Aviva Life Insurance Co. India Ltd., for about Rs 940 crore from Dabur Invest Corp. The transaction values Aviva Life at nearly Rs 4,087 crore. The deal was made in one of the foreign direct investment (FDI) proposals green-signaled by the government on7th March. Post the deal, Aviva Plc’s stake has reached to 49 per cent in the joint venture, the country's maximum permitted foreign direct investment limits.

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