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I.P.O. / Offerings | 19 November 2012

Promoters Of Disa India To Cut Stake Through OFS

by Sushil Surana
Promoters Of Disa India To Cut Stake Through OFS
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Disa India will offload around 11.45% of its equity or 1.73 lakh shares in the company to meet the minimum public shareholding norm of 25% by SEBI.

Promoter holding in the company stands at 86.49% currently and the sale will be done through Disa Holding A/S on November 20.

Indsur Group Acquires British Firm - Nevron Eurotherm Insulation

Indsur Group Acquires British Firm - Nevron Eurotherm Insulation

Auto component maker Indsur Group acquired Nevron Eurotherm Insulation Ltd., provider of insulation and metal cladding solutions.

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Aviva PLC, buys an additional 23 per cent in Indian venture

Aviva PLC, buys an additional 23 per cent in Indian venture

Aviva PLC, buys an additional 23 per cent stake in its Indian joint venture, Aviva Life Insurance Co. India Ltd., for about Rs 940 crore from Dabur Invest Corp. The transaction values Aviva Life at nearly Rs 4,087 crore. The deal was made in one of the foreign direct investment (FDI) proposals green-signaled by the government on7th March. Post the deal, Aviva Plc’s stake has reached to 49 per cent in the joint venture, the country's maximum permitted foreign direct investment limits.

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