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Mergers & Acquisitions | 9 November 2012    3 Comment

Panoramic Universal To Divest Stake In Its Thailand Subsidiary

by Vivek Singh
 
@vivek

Panoramic Universal Limited is planning to divest stake to 49% from 70% in its Thailand subsidiary - Seaview Homes Company Limited.

The subsidiary was formed last year to acquire Condominium Units in Thailand. The company has acquired condominiums in Pattaya and is in the process of acquisition at Bangkok.

The Company is also planning to make investment in securities or give loan to one or more companies in Singapore up to an overall limit of R10 Cr.

Orient-Express Hotels Rejects Tata's Offer

After a repeated attempt by Indian Hotels Limited to buyout the Orient-Express Hotels, the operator of luxury hotels, cruise and train services in the West, has rejected the offer stating ‘cheap’ valuation as a reason.

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Blackstone May Invest In Pune's BlueRidge SEZ

Continuing its strategy of building a portfolio of rent-yielding commercial projects, Blackstone Group is in talks with IDFC and Paranjape Developers to acquire stake in two phases in the BlueRidge special economic zone (SEZ) in Pune’s Hinjewadi area for INR 10 Bn.

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