By Vipin Agnihotri
The India Street is always interested in giving you news that you can use for investment purpose. We not only give you detailed news but also our expert opinion as well. Find below news regarding Indian companies.
DLF constructs costliest land deal
DLF has done it again. The real estate giant has just paid a staggering Rs 16.75 billion for 38 acres of land in Delhi. In my opinion, this is one of the most expensive deal in the country so far beating Unitech’s Rs 15.82 billion purchase of 300 acres of land in Noida last year.
It is worth mentioning in this regard that the property better known as Swatantra Bharat Mills & DCM Silk Mills was jointly owned by DCM Shriram Consolidated (DSCL) and the Lohia Group, which had an equal share in the property. After this acquisition, DLF’s total landmark in New Delhi now stands at whopping 65 acres.
ITC has gobbled an Australian agri-biotech company
The Indian conglomerate ITC Ltd has gobbled an Australian agri-biotech company- Technico Pty Ltd. Although, the amount of the deal has been kept under wraps. In my opinion, the deal is going to strengthen ITC’s food division. According to sources, the deal was implemented through the investment arm Russell Credit, a fully owned subsidiary of ITC.
Point to be noted here is that Technico offers mass potato supply chain management and uses the exclusive Technituber technology, which is known to transform the global seed potato industry. Technico has its business spread around Canada, China, the Middle East and India.
Bajaj de-merger scheme won approval of shareholders
The de-merger scheme, as mooted by Rahul Bajaj has finally won approval of shareholders and unsecured creditors of Bajaj Auto Limited (BAL) with an astounding majority. Accordingly, the group will now split into three separate entities along with the creation of two new companies.
It is worth mentioning in this regard that Bajaj Auto will be de-merged to create Bajaj Auto Limited, Bajaj Holdings & Investments & Bajaj Finserv Ltd; these companies would focus on auto business, wind power & financial services. Furthermore, the shareholders of BAL would become shareholders of the new companies and would be issued shares in the ratio 1:1 for the two new companies.
From our Friends |
99acres.com Announces a Strategic Partnership with Properazzi.com |
| 99acres.com, on of India’s top real estate portals with a database of more then 1500 builders, 20,000 brokers, 40,000 individuals, and over 200000 properties, announced a strategic traffic partnership with Properazzi European Group SL. Properazzi.com is a property search engine and the largest property portal of its kind in Europe. As a search engine that aggregates property listings from real estate professionals and other property sites, Properazzi hosts 4 million properties, of 49 countries, in 32 languages |
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