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Mergers & Acquisitions | 30 November 2012

Mitsubishi Pencil Likely To Hike Stake In Linc Pens

by Charmi Gutka
 
@charmi
Japanese pencil maker, Mitsubishi Pencil, has divulged interest to increase stake in Linc Pen & Plastics Limited.

It had bought 13.5% stake in the company for R20 Cr earlier in March this year to enhance presence and combine technology and marketing strategies of both the firms.

L Capital And Multiples PE To Infuse Funds In PVR For Cinemax Acquisition

Existing investor in PVR, L Capital and Renuka Ramnath led Multiples PE are set to infuse fresh funds in PVR Cinemas along with promoter Ajay Bijli in PVR to fund the acquisition of Cinemax.The deal involves buying promoter, Kanakia group’s 69.27% stake in Cinemax for a consideration ...

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Airtel To Sell African Tower Assets

After selling 3,100 telecom towers in four African countries to Helios Towers Africa, Bharti Airtel Limited is in talks with American Tower Corporation (ATC) and Eaton Towers for monetizing the assets in African countries including Nigeria, Ghana and Uganda in a deal pegged at $1.5-2 Bn.

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