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Mergers & Acquisitions | 21 September 2012

ETA Star To Exit BITS Dubai Campus JV

by Vivek Singh
ETA Star To Exit BITS Dubai Campus JV
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BITS Pilani is close to buy out its partner ETA Star Group's stake in Dubai Campus for R100 Cr. The institute is planning for an expansion to reinvent itself as a teaching and research institute, according to ET.

BITS Pilani will take over the rights to manage the infrastructure for the Dubai campus. The buy-out will lead to exit for ETA star from Dubai JV.

Essar Ports Re-finances Debt Through IIFCL's Takeout Finance Scheme

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Essar Ports Limited re-financed its debt in its subsidiary Essar Bulk Terminal Limited Hazira through take out finance scheme of India Infrastructure Finance Limited (IIFCL).

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Tata Capital Funds To Invest In Standard Greases & Specialties

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Alpha TC Holdings and Tata Capital Growth Fund I, both managed by Tata Capital are together picking up 17.36% stake in Standard Greases & Specialties. The deal has been cleared by the competition watchdog.

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