According to media sources, the Adani group has emerged as the front-runner to purchase Jaiprakash Associates Ltd (JAL), which is presently going through insolvency processes, with a bid of up to INR 12,500 crore. With no limitations attached, the company has offered an upfront payment of about INR 8,
In an exchange filing on June 27, JSW Paints Limited stated that it has finalised agreements to buy up to 74.76% of Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The deal was cracket for a maximum consideration under the Share Purchase Agreement of
As it enters the high-tech alumina market, Hindalco Industries Ltd plans to pay $125 million to acquire US-based speciality alumina manufacturer AluChem Companies Inc. According to Saurabh Khedekar, CEO of Hindalco's alumina division, the acquisition will allow the company to expand its product line and get access to
The Mumbai-based clean room partition maker GMP Technical Solutions is valued at INR 185 crores, and Japanese giant Shinryo Corporation has announced that it will purchase an 85% ownership in the company. Vascon Engineers Ltd., an engineering and realty company located in Pune, would sell its stake to Shinryo. The