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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

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

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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Myntra acquires Jabong for $70 million

Myntra acquires Jabong for $70 million

Myntra, part of the Flipkart Online Services Pvt Ltd, has acquired the online fashion platform Jabong from the Global Fashion Group. The $70 million deal will see the creation of one of the biggest online fashion platforms in India. The combined online retailers will have the distinction of becoming the largest e-commerce marketplace in the country.

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