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Construction & Infrastructure News

Kotak Bank to sell 2.6 per cent stake to Heliconia

April 2013

Singapore-based Heliconia Pte will be acquiring a 2.6 per cent stake in Kotak Mahindra Bank for Rs 12.96 billion ($239 million). Kotak Mahindra Bank ...

Singapore, Heliconia Pte, acquiring, stake, Kotak Mahindra Bank

L&T to buy 50 per cent stake in L&T-Komatsu

April 2013

Larsen & Toubro will acquire the 50 per cent stake in L&T-Komatsu (LTK) held by Komatsu Asia & Pacific Pte, a wholly-owned subsidiary of Komatsu, Jap...

Larsen & Toubro, acquire, stake, L&T-Komatsu, Komatsu Asia & Pacific Pte, Komatsu, Japan

Promoters of Chettinad Cement hike stake further

April 2013

In Chennai, promoters of Chettinad Cement Corporation have increased their stake in the firm by 6.04 per cent to take it to 94.48 per cent. The compa...

Chennai, promoters of Chettinad Cement Corporation, stake

SAIL stake sale brings Rs 1,516.17 cr to govt

April 2013

The Union government earned Rs 1,516.17 crore by selling a 5.82 per cent stake through the offer for sale route in Steel Authority of India (SAIL) on...

Union government, selling, stake, sale route, Steel Authority of India

HUL to acquire Gujarat-based Aquagel Chemicals

April 2013

Hindustan Unilever (HUL) has got into an agreement with promoters of Aquagel Chemicals (ACPL) to acquire remaining 74 per cent stake in the company. ...

Hindustan Unilever, agreement, Aquagel Chemicals, acquire, stake

OVL buys stakes in US firm Hess Corp for $1-billion

April 2013

Indian-government owned ONGC Videsh (OVL) has completed acquisition of stakes in US energy firm Hess Corporation for $1-billion. The stakes are in oi...

ONGC Videsh, acquisition, stakes, Hess Corporation, Chirag, Guneshli fields

Govt may get Rs 1,564 cr via SAIL's 5.82% stake sale

March 2013

A ministerial panel has approved sale of 5.82 per cent stake in State-owned Steel Authority of India through the offer-for-sale route on March 22. SA...

approved, sale, stake, State-owned, Steel Authority of India

AirAsia doesn’t face FDI hurdles: Ajit Singh

March 2013

Union Aviation Minister Ajit Singh has said that India allows foreign airlines to invest as much as 49 per cent stake in local airline firms regardle...

Ajit Singh, India, foreign airlines, invest, stake, local airline firms
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