COMMODITIES

Hindusthan National Glass selling German arm to European firm

June 23, 2016 | Debjyoti Roy

Sequoia Capital-backed Hindusthan National Glass & Industries Ltd is selling off its German subsidiary HNG Global GmbH to a Europe-based glass container manufacturing firm, the company said on Thursday.

Govt shortlists seven bankers for Oil India stake sale

June 21, 2016 | Deepak Kumar Sahu

The government has shortlisted seven merchant bankers to assist in the disinvestment process of state-owned Oil India Ltd (OIL).

Vijay Mallya resigns as chairman of Bayer CropScience

June 21, 2016 | PTI

Embattled businessman Vijay Mallya is quitting as the Chairman of Bayer CropScience Ltd after over 12 years of holding the position in the company.

Mahanagar Gas fixes price band for IPO

June 14, 2016 | PTI

Mahanagar Gas Ltd (MGL), India's second biggest CNG retailer, today fixed the price band of Rs 380-421 for its initial public offer (IPO) to raise around Rs 1,040 crore.

Rathi Steel to hive off plants in Ghaziabad, Odisha; CEO resigns

June 10, 2016 | Joseph Rai

Delhi-based Rathi Steel and Power has decided to hive off its plants in Ghaziabad and Odisha. Also, its CEO Udit Rathi has resigned following charges framed against the firm in a coal scam.

Polyester film maker Polyplex raises stake in Thai arm

June 10, 2016 | Anuradha Verma

Noida-based thin polyester film maker Polyplex Corp has increased its stake in Thailand-based subsidiary Polyplex (Thailand) Public Company Ltd, as per a stock market disclosure. Financial details of the transaction, however, have not been disclosed.

Packaging firm Freshee raises funds from Edelweiss Private Equity

June 08, 2016 | Debjyoti Roy

Freshee, a Mumbai-based manufacturer of household packaging and storage products, has raised an undisclosed amount in growth capital from Edelweiss Private Equity, a unit of Edelweiss Financial Services Ltd.

Sumitomo Chemical to buy 44% stake in Excel Crop Care for $90 mn

June 06, 2016 | TEAM VCC

The promoter group of Excel Crop Care Ltd, the Shroff family, has entered into a definitive agreement to sell its 24.75% stake in the agro-chemicals firm to Sumitomo Chemical Company Ltd for Rs 343 crore ($51 million).

Reliance Industries to sell 76% in Gulf Africa Petroleum to Total

May 31, 2016 | Anuradha Verma

Reliance Industries Ltd has entered into a pact with Total Marketing & Services, a subsidiary of French oil and gas firm Total SA, to divest its entire 76% equity stake in the Mauritius-based oil retailer Gulf Africa Petroleum Corp (GAPCO), as per a stock market disclosure.

Samara Capital to exit Asian Oilfield with over 50% loss

May 26, 2016 | Anuradha Verma

Private equity fund Samara Capital Partners has agreed to sell its entire 56.32% stake in Asian Oilfield Services Ltd to Mumbai-headquartered energy exploration company Oilmax Energy for close to Rs 30 crore with a loss of over 50%, as per a stock exchange filing.

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