The Jungle Rule of the Global Market

Mergers, Takeovers & Acquisitions... continue to be the buzz words. This weeks updates...

Shoppers' Stop forms JV with Swiss firm

Shoppers Stop Ltd has formed a 50:50 joint venture firm with Switzerland-based The Nuance Group

Jet ties up with American Airlines

Jet Airways has entered into a special code sharing (SPA) agreement with the worlds largest carrier American Airlines for India-US flights.

Steel magnate L N Mittal and a wholly owned unit of San Francisco-based fund house Farallon Capital have together bought a 13.33 per cent stake in Indiabulls Infrastructure Development Ltd, the majority-owned arm of Indiabulls Financial Services, for Rs 447 crore, valuing the subsidiary at Rs 3,350 crore.

Ranbaxy buys SA firm Be-Tabs for $70 million

Ranbaxy Laboratories has consolidated its position in the South African pharmaceutical market by acquiring Be-Tabs Pharmaceuticals (Pty) Ltd, the fifth largest generic player in the country

McLeod to buy Moran Tea

Brij Mohan Khaitan-controlled McLeod Russel (India) is set to acquire Moran Tea Company (India)

Thomas Cook acquires TCI

Thomas Cook India (TCIL), the country's leading travel and tourism company, has acquired 100 per cent stake in Travel Corporation India (TCI) for a total consideration of Rs 182.45 crore.

~~
Corporate Circle Team,
IMERT, Pune