By Deborshi Chaki
Alleging lack of transparency in the bidding process, UltraTech has challenged the sale to Dalmia Bharat at the National Company Law Tribunal (NCLT).
Eurowindow’s first factory in Myanmar is expected to produce doors and windows while the second factory will manufacture other construction materials.
The acquisition was the first made by the JV, which plans to invest up to $3 billion in ports, logistics and related sectors.
PVEP will jointly develop the 15-1/05 production-sharing contract in Cuu Long basin off southern Vietnam with Murphy Oil and South Korea’s SK Innovation Co.
Agritech startups Sabziwala and LivLush, both backed by Elevar Equity, have merged their businesses to form a new entity called Kamatan.
Old Mutual is selling Old Mutual Colombia, Old Mutual Mexico and Latin American investment adviser Aiva.
Capital Square Partners, a private equity fund manager based in Singapore, acquired BPO unit Aegis Ltd from India’s Essar Group last year.
Bauhinia Land, a unit of Singapore-based real estate group Tuan Sing Holdings, has sold its entire stake in Chinese property developer Qingdao Shenyang for $16 million while Baring and CITIC have completed their acquisition of Wall Street English. Singapore: Tuan Sing unit exits Chinese developer Qingdao Shenyang Singapore-listed real estate… Read more »
The funding could see its value double from last year to more than $20 billion.
The deal had been terminated for want of necessary approvals.