JPMSL Copthall Mauritius Investment Ltd. has acquired a little over 1% stake in Cox & Kings by buying 6,84,216 shares on Friday and 8,13,172 shares the day before. Shares in Cox & Kings closed at INR136.15 apiece on Friday's trading.
India
World's largest dairy group buys India's Tirumala Milk Products for $275M -sources
Le Groupe Lactalis reportedly acquired India's Tirumala Milk Products for $275 million. Lactalis bought the 74% stake held by Tirumala Milk's founders and the remaining 26% from private equity firm Carlyle Group.
Japan's Toshiba to snag 26pct stake in waste water management business in India
Japan-based tech giant Toshiba agreed to buy a 26% stake in India-based water and wastewater management firm UEM India Private Ltd in a deal with undisclosed financial details.
State scraps plan to sell Coal India stake -FinMin
The government of India has cancelled its plan to divest a 5% stake in state-owned miner Coal India Ltd due to persistent opposition from trade unions, according to a finance ministry official.
US private equity firm Blackstone lifts stake in MCX
US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.
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GlaxoSmithKline has asked for the approval of India's Foreign Investment Promotion Board for its planned acquisition of a 24.33% stake in its Indian arm GlaxoSmithKline Pharmaceuticals Ltd. GSK will fund the stake hike by investing INR6,400 crore.
Countries in emerging markets like Turkey and India should see the bright side of the tapering of the $85 billion-a-month money-printing program by the US Federal Reserve this month, according to a Reuters report.
Shares in Tata Teleservices rallied to as much as 14.79% on Friday following news on buyout talks with British telecom company Vodafone. Indian conglomerate Tata Group is reportedly in talks with Vodafone to sell its 59.45% stake in Tata Teleservices.
US-based firm Cooper Tire & Rubber Company announced via press release that it has called off its merger plans with India-based manufacturer Apollo Tyres and will focus on building its business instead.
Oil & Natural Gas Corp or ONGC said it would be spending about $9 billion in the next ten years to produce oil found in new blocks in the east coast of India.
Indian business tycoon and Cosmo Films Ltd Chief Executive Officer (CEO) Ashok Jaipura bought the Malaiwana luxury residences estate in Phuket, Thailand for an undisclosed sum.
Competition Commission of India (CCI), the fair trade regulator, said in a published order that it has given its approval for the planned merger of steel companies Shree Uttam Steel and Power and Uttam Galva Steels.
Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.
Pallonji Shapoorji Mistry was said to have earned $2.8 billion last year because of its holdings in Tata Consultancy Services Ltd and significant earnings in his construction group, Shapoorji Pallonji Group.
