GVK Power and Infrastructure announced it would pay $1.26 billion for a majority stake in three coal mines, a port and rail project owned by Australia 's Hancock Group Co. will get 20 million tonnes of coal every year for long term. GVK will pay the amount in a phased manner to the Hancock Group, with $500 million upfront.About $200 million will be paid in one year from closing the deal and another $560 million on financial closure of the project, which is expected next year.
Monday 19 September 2011
Alfa Laval India has plans to Delist it
Alfa Laval India hits 52Week High on delisting buzz as board meeting today to consider delisting of its shares from the Bombay Stock Exchange and the National Stock Exchange. Sweden-based parent Alfa Laval Corporate AB, which holds 16,120,281 shares or 88.77% stake in Alfa Laval, has proposed a voluntary delisting of the shares of Alfa Laval from the stock exchanges.
Fortis Healthcare to buy Fortis International
Fortis Healthcare board approved to buy Fortis International Pte Ltd, a Singapore-based leading integrated healthcare delivery company, in an all-cash deal. In a meeting held today, the BoD of Fortis Healthcare India approved the acquisition of Fortis Healthcare International from RHC Financial Services Ltd.
Cummins India Approves 2:5 Bonus
Cummins India shareholders have approved bonus issue in the ratio of 2 for every 5 shares held
Jet Airways hikes fuel surcharge by Rs 200
Jet Airways has decided to increase its fuel surcharge by 200 per domestic sector With the recent hike in ATF prices, . This will be applicable on all flights of Jet Airways, Jet Airways Konnect and JetLite, for sale and travel effective from September 17, 2011. ATF was hiked by 2.5% in line with international oil rates on Thursday night. The oil companies had earlier reduced the ATF by more than 1,586 per kilolitre in New Delhi but the recent hike had wiped out the reductions made earlier.Other airlines are yet to decide on a possible surcharge hike.
SRF gets Cardbon Credits of 305 cr.
The company has got carbon credits worth Rs 305 crore, reports CNBC-TV18.
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