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Mergers & Acquisitions | 22 October 2012

Jindal Steel Plans Acquisition Of West African Mine

by Vivek Singh
 
@vivek
After buying Canadian coal firm CIC Energy, Jindal Steel & Power Limited is close to acquiring an iron ore mine in West Africa for $2 Bn, Bloomberg said.

The acquisition will help Jindal Steel secure deposits of around 1 Bn metric tons and include a building transport line.

Vishal Electro Power Acquires Precise Electricals

Vishal Electro Power Limited has entered into a definitive agreement to acquire Precise Electricals, manufacturer of customized Instrument Transformers for an undisclosed amount.

Read More...

Gayatrishakti Paper Secures Funding From CanBank Venture

Canbank Venture Capital Fund (CVFL) an investing arm of Canara Bank has acquired minority stake in Gayatrishakti Paper & Boards Pvt Ltd by infusing R25 Cr in the company.

Read More...
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