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Mergers & Acquisitions | 10 October 2012

JBM Group Buys JV Partner's Stake In TSNA

by Vivek Singh
 
@vivek
Auto Component- maker JBM Group has acquired the entire stake in its 50:50 JV - Thai Summit @Neel_Auto from its partner - Thai Summit Group, according to BS.

Post acquisition, TSNA will be renamed as Neel Auto Private Limited, under the JBM group.

The 50:50 JV, which was incorporated in 2003, supplies automotive components to two wheeler and three wheeler OEM in the country.

Chintalapati Holdings Exits And Others Cut Stake In MetLife

Chintalapati Holdings (4.01% stake), J&K Bank, IGE and M.Pallonji Group have slashed their stakes in MetLife India with the first mentioned exiting the company.

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Grocery E-Tailer BigBasket Plans PE Fund Raise

Bangalore based Grocery e-tailer BigBasket is planning to raise around R300 Cr to expand its presence in Delhi, Chennai, Pune and Ahmedabad. It had recently raised $3 Mn from Singapore based investor.

Read More...
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