Aditya Birla Nuvo to acquire 56 percent in Chennai firm

Thursday, 28 August 2008, 07:00 Hrs
Printer Print Email Email
New Delhi:Aditya Birla Nuvo, a diversified company belonging to the Aditya Birla Group, Thursday said its board has approved the acquisition of 56 percent in capital investment firm Apollo Sindhoori for 190 crore (1.99 billion or $46 million).

Aditya Birla Nuvo, which has interests in cement, apparel and financial services, will also make an open offer for a further 20 percent in the Chennai-based Apollo Sindhoori, as required by law, it said in a statement.
Source: IANS
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..