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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

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

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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Snapdeal raises $21m from Luxembourg Clouse SA

Snapdeal raises $21m from Luxembourg Clouse SA

Jasper Infotech Pvt. Ltd., that regulates e-commerce platform Snapdeal, has raised over $21 million as part of its earlier announced funding round from Luxembourg-based firm Clouse SA. As a separate entity, BlackRock Inc. - the mutual-fund investor in Snapdeal has also retained its valuation in the digital marketplace.

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