Online Business

Balrampur, Bajaj Hind deal off

Balrampur Chini has called off the deal it was looking to enter into with Bajaj Hindusthan after initial talks. In a communication to the stock exchanges, Balrampur Chini said “some discussions were held with Bajaj Hindusthan on future business strategies”. It said the promoters had not entered into any agreement with any party for sale of their stake. - Bajaj Hindustan erases gains on deal call-off - Bajaj Hind eyes 37% in Balrampur Chini - Govt moves to end cane price politics - Bidding for UP sugar mills put off until Nov - Sweet sugar? - "India"s net sugar imports will continue for 2 yrs" In a separate communication, carefully-worded, Bajaj Hindusthan clarified that “till date, the Board of Directors of the Company has not considered and/or taken any decision in regard to the matter relating to acquisition of stake in Balrampur Chini from its existing promoters”, as reported by a section of media. However, Bajaj Hindusthan gained 0.15 per cent to close at Rs 196.55. Last week, various media reports said the Shishir Bajaj-promoted Bajaj Hindusthan, the country largest sugar producer, is in talks with its nearest competitor, Balrampur Chini Mills, to acquire the entire 36.67 per cent stake of the current promoters, the Kolkata-based Saraogis.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Options limited for Madhya Pradesh
Will Madhya Pradesh be isolated on goods and service tax (GST) issue? If highly placed government sources, working the new tax system, are to be believed, the state government will have to follow the trend. “Eventually the state will have to implement the system, we cannot linger on. Other states like Chhattisgarh have also agreed to implement it, Gujarat government has welcomed it, Haryana has accepted it ‘in principle’ except for few points. How Madhya Pradesh can stand out?” asked an official. But the state finance minister has a long list to point out flaws in the new tax system, the main being, “The GST will bring even dal-chawal (rice and pulses) under tax net, which are exempted from VAT.”
Popular Articles

Marks & Spencer to scale up India ops
British retail major Marks & Spencer is looking at scaling up its India operations and plans to open at least 50 more outlets in the country over the next few years.

Tata Motors: Prima-ry changes
With Volvo, Daimler and Scania gaining a foothold in the over-40-tonne heavy commercial vehicle category, it was time for Indian players to get their act together. “Indian manufacturers were not strong in heavy commercial vehicles because there was not much demand for them. But with exports and infrastructure stirring up, these have received a shot in the arm over the last four to five years,” says PricewaterhouseCoopers Leader (automotive practice) Abdul Majeed.

© Copyright 2009