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Mergers & Acquisitions | 2 April 2012

ABP May Buyout Star News' Stake In JV

by Charmi Gutka
ABP May Buyout Star News' Stake In JV
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@ABP_Private Private Limited is planning to buy out Star Group Limited’s stake in news television JV- Media Content and Communications Services India Private Limited.

Formed in 2003, MCCS is a 74:26 JV between ABP TV and STAR News Broadcasting. MCCS broadcasts three 24-hour news channels, STAR News in Hindi, STAR Ananda in Bengali and STAR Majha in Marathi.

India Agri Business Fund Invests R50Cr In Super Agri Seeds

India Agri Business Fund Invests R50Cr In Super Agri Seeds

India Agri Business Fund has invested R50Cr in Hyderabad-based Super Agri Seeds Pvt. Ltd. Super Agri Seeds will use the funds to finance its expansion and set up Research and development centres in Hyderabad and in Bangalore.

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Navayuga Plan To Sell Stake In Its Power Assets

Navayuga Plan To Sell Stake In Its Power Assets

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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