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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.

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Atishay Infotech To Go Public Through SME Platform

Mumbai based Atishay Infotech Limited has filed DRHP on BSE SME platform for the issue of 2.3 Mn equity shares at a price of INR 16 per unit aggregating to INR 37.1 Cr. The issue constitutes 26.41% of the paid up equity share capital of the company.

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