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Mergers & Acquisitions | 18 December 2012

Qatar Likely To Buy ADB's Stake In Petronet LNG

by Ahemad Shaikh
Qatar Likely To Buy ADB's Stake In Petronet LNG
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The ongoing tussle for ADB’s 5.2% stake in @Petronet_LNG Limited just got a direction with India offering Qatar the stake, according to Businesstoday.

This follows the earlier letter sent by Qatar’s Minister of Energy & Industry Mohammed bin Saleh Al-Sada to M Veerappa Moily confirming the preliminary evaluatory talks between Qatar Petroleum International (QPI) and Petronet and an intention to fast-track the deal.

M&M To Buy Out Navistar In CV JV - Mahindra Navistar

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Mahindra & Mahindra is buying out its American partner Navistar’s stake in two JVs – Mahindra Navistar Automotives Ltd. and Mahindra Navistar Engines Pvt. Ltd. for around R175 Cr.

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Strides Arcolab Divests Stake In Biotech Project Stelis Biopharma To GMS Holding

Strides Arcolab Divests Stake In Biotech Project Stelis Biopharma To GMS Holding

Along with the merger of Shasun Pharmaceutical with itself, Strides Arcolab also announced the induction of a strategic partner in its greenfield biotech project, Stelis Biopharma. As per the deal GMS Holding will pick up 25.1%s stake in the biotech arm infusing $8.5Mn.

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