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Mergers & Acquisitions | 25 April 2012

Eros International Acquires 76% In B4U Television

by Charmi Gutka
 
@charmi

Eros International Plc is acquiring 76% stake in @B4U_Television Private Limited for $53.1 Mn.

Eros already owns 24% stake in the television network, but has not exercised significant influenceover the company. Eros will purchase the 76% it does not currently own.

B4U Television is a global television network that provides Indian programming across two digital television channels, B4U Music and B4U Movies.

B4U is available in more than 100 countries, including India, the UK, the US, Canada and countries in Middle East and Africa.

Walton Street May Invest R100Cr In Supertechs' Noida Project

Walton Street Capital is planning to invest R100Cr in Supertech Limited's Noida project for 20% stake in the residential towers of the project.Supertech is developing Supertech Supernova, a township project having mixed-use development spread over the area of 5 Mn sqft.

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Persistent Systems Buys Content Discovery Portal Hoopz

BSE listed software product developer Persistent Systems Limited has acquired Pune-based mobile advertising firm, Hoopz Planet Info Private Limited, strengthening its foothold in the technology and data discovery space. The financial details of the deal remain undisclosed.

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