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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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GE Energy Invests In Atria's Wind Power Projects

GE Energy Financial Services has invested an undisclosed amount picking up equity stake in three wind power projects being developed by Atria Power Corporation Limited.

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