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Mergers & Acquisitions | 18 December 2012

Qatar Likely To Buy ADB's Stake In Petronet LNG

by Ahemad Shaikh
 
@ahemad
The ongoing tussle for ADB’s 5.2% stake in @Petronet_LNG_L 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

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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FreeCharge Secures Series B Funding

Freecharge, an online platform for recharge, utility payments, promotions and couponing, has raised $33 Mn (c.INR 2,000 Mn) from existing investor Sequoia Capital India along with new investors Belgium-based investment firm Sofina and Russian Internet and technology investor ru-Net. The Series B infusion will be taken to build up its transactional advertising offerings.

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