MANNESMANN DEMAG HIKING STAKE IN INDIAN JV TO 90%
Article Abstract:
The DM6 billion engineering vendor of Germany, Mannesmann Demag AG, plans to enhance its equity stake in its Indian venture, Indomag Limited from 51 percent to 90 percent. Following this, the stake of Dodsal group, the Indian partner in the joint venture, will come down from 49 percent to 10 percent. The German company annually earns around DM100 million from its Indian operations. It has targeted a business of DM60 million per annum for the next few years. At present, it is working towards bagging 10 new engineering and technological supply contracts in India. (gsh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
ENRON (I) TO PICK UP 11% STAKE IN KANNUR POWER
Article Abstract:
Enron India Private Limited (EIPL), a subsidiary of Enron International, will pick up 11 percent stake in Kannur Power Project Private Limited (KPPP). EIPL's 11 percent stake in KPPP is part of the Enron International's 74 percent stake. EIPL is investing Rs60 crore for the purchase of 11 percent stake. Enron International's move to reduce its stake in KPPP is to route some of its investments in India through its subsidiary EIPL. KPPP's project promoter Mr KPP Nambiar holds the balance 26 percent stake. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
BOARDS AGREE ON SWAP RATIO FOR MERGER OF 4 Cos WITH CCL
Article Abstract:
Asian Coffee Ltd (ACL), Consolidated Coffee Ltd (CCL), Coffee Lands Ltd (CLL) and Charagni Ltd have agreed on the swap ratio for their merger with CCL, a coffee producer. The swap ratio was worked out by AF Ferguson & Co. According to swaping scheme, one equity share of CCL will be offered for one equity share of CLL while one equity share of CCL will be offered for six equity shares of ACL. After the merger, CCL will continue to be the subsidiary of Tata Tea Ltd. (ag)
Comment:
Agrees on swap ratio for its merger with Charagni, Coffee Lands & Asian Coffee
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: RABOBANK EGGS ON INDIAN POULTRY SECTOR TO GO GLOBAL. MONTELL INTL TO BUY 50% IN MACHINO. NIPPON CABLES REVS UP INDIAN OPERATIONS VIA JV WITH MACHINO
- Abstracts: HEAVY TAXES MAKE THINGS CLOY FOR INDIAN SUGAR COS. UK MODI, SEBC SYSTEMS IN TALKS FOR SUGAR PLANT
- Abstracts: RESPONSIBLE SHIPBREAKING. GOETZE INDIA ON RESTRUCTURING DRIVE
- Abstracts: IMAJE PLANS MANUFACTURING FACILITY IN INDIA. USHA SETS UP EPI-WAFER PLANT
- Abstracts: UTI TO DIVEST PART OF STAKE IN UTI BANK MAFATLAL MAY DIVEST FULL STAKE IN GUJARAT GAS TO BRITISH GAS. PRIMARY STEEL PRODUCERS RESORT TO 'DISTRESS' SALE