022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 20 April 2012

Escorts Promoter's Buy Additional 4% From Reliance Asset Mgmt

by Charmi Gutka
Escorts Promoter's Buy Additional 4% From Reliance Asset Mgmt
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi
Nanda family - the promoter group of Escorts Group have bought additional 4% stake in the company from Reliance Asset Management for R32Cr through a bulk deal on BSE. The promoters bought 4.2mn shares for R76 per share.

This deal takes the promoter group holding to 31.67% from 27.67%. Reliance Asset Management's stake in the company has come down to 4%.

Escorts Limited was incorporated as Escorts (Agents) Pvt Ltd in Lahore in 1944. It started off by manufacturing tractors under the Escorts brand name in the 25-40 horsepower range. In 1969, It promoted Escorts Tractors Limited as a JV with Ford Motor Company for the manufacture of Ford Series of tractors in the 40-50 HP range. Escorts acquired the entire equity stake of Escorts Tractors in August 1995.

SAIF, Accel Partners Invests R25Cr In PropTiger

SAIF, Accel Partners Invests R25Cr In PropTiger

Saif Partners along with Accel Partners have invested R25Cr in PropTiger, an online property marketing start-up targeting first-time homebuyers.

Read More...

Parsvnath Developers Raises Fund Through NCDs

Parsvnath Developers Raises Fund Through NCDs

Parsvnath Developers Limited, a real estate and infrastructure developer has raised R355 Cr by issuing 7,100 unlisted, secured, redeemable, NCDs having face value of R5 lacs each carrying a coupon of 13% through private placement.

Read More...
Subscribe
Enter your Email address
to receive all the news