The Hindu Business Line : Corporate

June 5: Alcan Inc acquires 76 per cent equity in the Mumbai-based Alukbond India Pvt Ltd from its promoter Mr Navin Keswani for an undisclosed amount.

Auto component maker, Amtek Auto Ltd, part of $650-million Amtek Group, announces that it has acquired assets of UK based JL French’s (Witham) Ltd (JLF) to gain access to aluminium foundries for its component manufacturing business.

The GMR group signs a memorandum of understanding with the Chhattisgarh Government for setting up a 1,000-MW thermal power station.

June 7: Production of passenger cars at the Tata Motors’ Pune plant has been cut to the tune of 20 per cent, while the launch of the new Indica, scheduled for launch in Sept., also deferred to make adjustments for a drop in sales.

SKF, supplier of products, solutions and services in rolling bearings, seals, mechatronics, services and lubrications systems, announces an investment of 450 million Swedish crowns (Rs 270 crore) to build a greenfield factory in India.Mahindra & Mahindra announces the launch of the utility vehicle Mahindra Pik-Up in Australia in partnership with TMI Pacific.

June 8: International Finance Corporation signs an agreement to subscribe to 5.84 per cent equity stake amounting to $8 June 9

Carborundum Universal Ltd of India enters into a binding MoU for the purchase of 84.14 per cent of Volzhsky Abrasives Works (VAW) located in the city of Volzhsky in Volgograd region, Russia.

June 11: ESPN Inc has acquired Bangalore-headquartered Cricinfo from the Wisden group.

Strides Arcolab Ltd acquires of Grandix Pharmaceuticals, Chennai, for Rs 100 crore.

June 12: The initial public of offering of the real estate major DLF oversubscribed 1.28 times on the second day of the book building process on the BSE and NSE.

June 14: Hero Cycles Ltd, in collaboration with Ultra Motor Company, a UK-based electric vehicle solution provider, launches its new range of electric two-wheelers.

June 15: The board of directors of Asian Hotels proposes to restructure the company into three independent undertakings.

June 18: Tata Motors makes an entry into the small capacity rural and urban passenger transportation segment with the launch of a passenger version of the Tata Ace christened Magic and the other, a maxi-van modelled on Renault panel van `Traffic’ called the Winger.

JBM Auto enters into a joint venture with Japanese-based Sumitomo Corporation and Nisshin Steel Corporation to produce auto steel tubes.

June 19: The Tata group announces a new company Tata Capital Ltd to undertake "new activities in the financial services area."

D S Constructions Ltd on Tuesday announces that it has acquired Globeleq America’s power assets for $542 million through a 50:50 joint venture with Israel Corporation.

June 21: The Union Cabinet gives its nod to a proposal to allow Mittal Group to pick 49 per cent stake in Hindustan Petroleum Corporation Ltd’s, Guru Gobind Singh Refineries Ltd at Bhatinda.

Engineering company Batliboi Ltd announces acquisition of 70 per cent stake in France-based air engineering company AESA, SA for approximately Rs 9 crore in an all-cash deal.

Essar Global completes the acquisition of Algoma Steel Inc through its wholly owned subsidiary Essar Steel

Holdings Ltd.

June 22: GVK Power & Infrastructure Ltd acquires 19.9 lakh equity shares of Rs 10 each for cash at par, aggregating to Rs 1.99 crore in GVK Aviation Pvt Ltd through fresh allotment of shares on June 21.

June 25: Hindustan Lever Ltd formally introduces a new corporate logo and changes its name to Hindustan Unilever Ltd.

Cadila Healthcare Ltd (Zydus Cadila) signs an agreement to acquire 100 per cent stake in a Brazilian company, Quimica e Farmaceutica Nikkho do Brasil Ltda (Nikkho).

Kalyani Steels Ltd signs a joint venture agreement with Gerdau S.A., Brazil for owning 45 per cent equity in SJK Steel Plant Ltd.

June 26: Power trading major PTC India Ltd to evacuate power from Videocon group firm Goa Energy Pvt Ltd’s 30-MW project based on industrial waste heat recovery from Sesa Goa’s coke oven plant in Goa.

Citigroup picks up 30% stake in Ind Barath Infra

June 27: Tata Power Company Ltd announces the completion of its acquisition of 30 per cent equity stakes in Indonesian thermal coal producers - PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia and related coal trading companies owned by PT Bumi Resources Tbk.

June 28: Tata Group signs MoU with the Tamil Nadu government for Titanium dioxide plant

June 29: Simplex Infrastructure Ltd broadens business canvas by foraying into the oil-drilling sector.

June 30: Eli Lilly sells off its antibiotic brand – Distaclor (Cefaclor) to Pharmalink, a subsidiary of Quintiles International Corp, for an undisclosed sum.

Ansal Properties makes Rs 2,000-cr hospitality foray through a Special Purpose Vehicle with Vipin Luthra-owned Ambience Hospitality Management.

Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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