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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 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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Tata Communications sells Neotel to Liquid Telecom

Tata Communications sells Neotel to Liquid Telecom

Tata Communications Ltd is selling Neotel Ltd, the South Africa-based communications network company that it owns in partnership with Nexus Connexions Pvt Ltd. The company has entered into an agreement with a privately owned, pan-Africa telecom group, Liquid Telecom Group, for the acquisition of Neotel for ZAR6.66 billion (INR2903 crore).

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