Allied Blenders & Distillers would pay INR300 crore for the purchase of Sentini Bioproducts. Allied Blenders & Distillers, the Kishore Chahbria backed winemaker, had been in discussions with Sentini Bioproducts for the purchase of the latter's blending and bottling unit.
Tags: India
India's businesses invest in high risk countries for high rewards
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
IMF reforms remain undone
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
New rules on mergers in India telecoms industry scored
Differing opinions met the new guidelines on Indian mergers and acquisitions in the telecommunications industry.
GAIL India to partially divest shares in China Gas
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
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Rupee's depreciation makes India an attractive proposition for US investors. India's top ranked takeover advisor Bank of America Corp identified the rupee's depreciation as the main factor in generating interest from US companies in setting up factories in India.
The merger of Etihad Airways and Jet Airways passed finance regulatory authority review and now would go to the antitrust regulatory authority.
Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
The Reserve Bank of India had refused to give extended deadline for banks to upgrade their security features to protect cardholders from credit card frauds.
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
