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17 September 2021
20:19 hour

DCM Shriram gets nod to acquire balance 50% stake in Shriram Axiall

Money Works 4 Me

14/09/2021 - 09:21

Post this acquisition, SAPL will become wholly owned subsidiary of the Company


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Related headlines:

  1. Shriram Life Insurance introduces settlement of claims within 12 hours (01/04/2021 - Financial Express)
    In order to reduce the misery in the pandemic times, Shriram Life Insurance is rapidly shifting its 48h settlement of non-early claims to 12 hours of document submission.
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  2. Shriram City, STFC raise record retail FDs worth Rs 2,000 crore in July (11/08/2021 - Financial Express)
    Shriram City raised retail FDs worth Ra 390 crore, while STFC raised Rs 1,610 crore in July — the highest-ever funds raised from retail FDs for both entities
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  3. 16 new distilleries worth Rs 1,250.44 crore to come up in UP this year (24/06/2021 - Financial Express)
    Companies that are investing in the distillery business include DCM Shriram, Balrampur Chini, Dhampur Sugar, Dalmia Bharat and Rana group.
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  4. DCM Shriram reports 2-fold jump in Q1 consolidated net profit (21/07/2021 - Money Works 4 Me)
    Total consolidated income of the company increased by 4.47% at Rs 2025.11 crore for Q1FY22
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  5. Shriram Transport Finance raises Rs 3200 crore via NCDs (31/03/2021 - Money Works 4 Me)
    The Proceeds of the issue will be utilized for financing of commercial vehicles, refinancing of existing debt and other general purposes of the company
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  6. ‘Won’t need significant loan recast as market has improved’ (11/08/2021 - Financial Express)
    For Shriram Housing Finance (SHFL), which has completed a decade of operations, the second quarter this fiscal promises to be one of the highest quarters ever in terms of disbursements, says its MD & CEO Ravi Subramanian.
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  7. DCM Shriram Industries enters into agreement with Zyrone Dynamics (18/08/2021 - Money Works 4 Me)
    Zyrone Dynamics will provide to the Company technological support for two variants of UAVs at different times during the subscription period
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  8. Northern Arc executes Rs 350-crore MLD deal for Shriram Transport (29/05/2021 - Financial Express)
    This is the latest in a series of MLD transactions structured, executed and invested in by Northern Arc, through which it has facilitated debt funding for its partners across MSME financing, CV financing and gold loans.
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  9. Shriram City Union Finance eyeing total disbursements of upto 23,000 crore in FY22 (31/08/2021 - Money Works 4 Me)
    During the first quarter of 2021-22, it disbursed Rs 4,560 crore compared to Rs 6,570 crore in March 2021 quarter
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  10. Shriram City Union Finance’s arm aiming loan book at Rs 10,000 crore by FY24 (23/07/2021 - Money Works 4 Me)
    The company closed FY21 with a loan book of Rs 3,923 crore, which despite the pandemic washout has already crossed Rs 4,000 crore as of end-June
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  11. This Fixed Deposit interest rate is more than Pubic Provident Fund (PPF), SSY, NSC, KVP! (10/08/2021 - Financial Express)
    Interestingly, the highest interest rate being offered by STFC and Shriram City is more than the interest rates being offered by the Government of various small savings schemes
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  12. Shriram Transport Finance Company planning for raising of funds (27/08/2021 - Money Works 4 Me)
    Company is planning for raising of funds by way of issue of redeemable non-convertible debt securities in onshore market
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  13. Shriram Transport Fin raises Rs 2,000 cr via QIP (14/06/2021 - Financial Express)
    The book running lead managers to the issue were ICICI Securities, JP Morgan India, Axis Capital, Citigroup Global Markets and HSBC Securities and Capital Markets (India).
    [visit article]
  14. Mahindra Finance, Shriram Transport stocks upgraded; check Morgan Stanley’s new target prices (09/02/2021 - Financial Express)
    With the economy picking up pace, ample liquidity and benign rates, global brokerage and research firm Morgan Stanley believes India’s auto industry is entering a multiyear upcycle.
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  15. We will end FY22 with Rs 6,000-crore loan book, says Ravi Subramanian, MD & CEO, Shriram Housing Finance (04/03/2021 - Financial Express)
    "We are clear that there are six states we want to dominate – AP (Andhra Pradesh)-Telangana, Tamil Nadu, Karnataka, Rajasthan, Madhya Pradesh and Chhattisgarh in the affordable housing space. In NCR (National Capital Region), Mumbai, Maharashtra and Gujarat, we’ll dominate in the mid-segment," he said.
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  16. PharmEasy to acquire controlling stake in diagnostic chain Thyrocare in deal worth Rs 4,546 crore (26/06/2021 - Financial Express)
    The transaction, which is significant because an entrenched player is getting acquired by a start-up, will also see a subsidiary of API making an open offer to acquire an additional 26% stake in the listed Thyrocare, the statement said.
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  17. Royal Orchid Hotels to acquire balance stake in Cosmos Premises (23/08/2021 - Money Works 4 Me)
    The said MoU has been approved by the Audit Committee and Board on August 21, 2021
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  18. Nazara to acquire majority stake in Publishme for Rs 20 cr (17/06/2021 - Financial Express)
    Nazara has signed a binding term sheet to acquire the majority stake in Arrakis Tanitim Organizasyon Pazarlama San Tic Ltd Sti (Publishme) by way of primary and secondary transaction through its subsidiary.
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  19. Metropolis Healthcare gets nod to acquire balance 35% stake in Metropolis Histoxpert Digital Services (06/08/2021 - Money Works 4 Me)
    The Board of Directors at their meeting held on August 06, 2021 has approved the same
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  20. HDFC Life to acquire 100% stake in Exide Life Insurance. Here’s what customers need to know (03/09/2021 - Financial Express)
    HDFC Life will acquire 100% stake in Exide Life Insurance from Exide Industries via issuance of 8,70,22,222 shares at an issue price of Rs. 685 per share and a cash payout of Rs.  726 crore aggregating to Rs. 6,687 crore
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  21. Majority Stake: Blackstone’s $250-million bet on Simplilearn (20/07/2021 - Financial Express)
    Blackstone will acquire close to 70% stake in the start-up, sources said.
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  22. Carborundum Universal to acquire controlling stake in PLUSS (27/08/2021 - Money Works 4 Me)
    The company has entered into definitive agreements for acquiring a controlling stake at an initial investment of Rs 115 crore
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  23. Bharat Forge to acquire additional 49% stake in Kalyani Strategic Systems (18/05/2021 - Money Works 4 Me)
    Currently the Company holds 51% stake in KSSL. After this acquisition, KSSL shall become a wholly owned subsidiary of the Company
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  24. KKR to acquire majority stake in ERM (17/05/2021 - Seeking Alpha)

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  25. CannaOne to acquire 51% stake in Payright (31/03/2021 - Seeking Alpha)

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  26. AAP to acquire 18% stake in construction company Redtail for $1.5M (14/07/2021 - Seeking Alpha)

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  27. JPMorgan to acquire 40% stake in Brazil's C6 Bank (28/06/2021 - Seeking Alpha)

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  28. TATA moves ahead to acquire BigBasket, gets CCI nod; will compete with Amazon, RIL in e-grocery biz (29/04/2021 - Financial Express)
    Competition Commission of India (CCI) today gave the go-ahead for Tata Group’s proposal to acquire a majority stake in Alibaba-backed online grocery store BigBasket.
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  29. PHI Group signs MOU to acquire 70% stake in a Baijiu distiller (17/09/2021 - Seeking Alpha)

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  30. LVMH to acquire stake in fashion brand Off-White (20/07/2021 - Seeking Alpha)

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  31. Grindrod Shipping to acquire remaining 31.14% stake in IVS Bulk for $46.3M (27/07/2021 - Seeking Alpha)

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  32. Blackstone to acquire stake in AIG's Life & Retirement in $2.2B deal (14/07/2021 - Seeking Alpha)

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  33. Creatd proposes deal to acquire 55% stake in WHE Agency (16/06/2021 - Seeking Alpha)

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  34. KKR to acquire majority stake in ANZ education technology company (22/06/2021 - Seeking Alpha)

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  35. Babcock & Wilcox to acquire 60% stake in Fosler Construction (15/09/2021 - Seeking Alpha)

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  36. Xcelerate to acquire HS Pharmaceuticals and partial stake in HS Cosmetics (26/08/2021 - Seeking Alpha)

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  37. Enstar to buyback Hillhouse's stake for $879.3M; to acquire interest in Enhanzed (15/07/2021 - Seeking Alpha)

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  38. Amber Capital proposes Vivendi acquire its stake in Lagardère (15/09/2021 - Seeking Alpha)

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  39. Future FinTech inks agreement to acquire 60% stake in Hi-Card (23/03/2021 - Seeking Alpha)

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  40. Live Nation to acquire 51% stake in OCESA Entretenimiento for $450M (13/09/2021 - Seeking Alpha)

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  41. Red Light Holland to acquire 80% stake in Happy Caps Farm (13/04/2021 - Seeking Alpha)

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  42. TAOP gains on proposing to acquire 51% stake in Zhenjiang Taoping (28/07/2021 - Seeking Alpha)

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  43. Tata Digital’s shopping spree continues; acquires majority stake in online pharmacy 1MG (10/06/2021 - Financial Express)
    Tata Digital on Thursday announced that it will acquire a majority stake in 1MG Technologies, an online healthcare marketplace.
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  44. HCA to acquire a majority stake in Brookdale’s health care services unit (25/02/2021 - Seeking Alpha)

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  45. CI Financial to acquire remaining stake in Lawrence Park Asset Management (05/04/2021 - Seeking Alpha)

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  46. Eaton to acquire a 50% stake in Jiangsu YiNeng Electric’s busway business (26/04/2021 - Seeking Alpha)

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  47. Deutsche Telekom in talks to acquire SoftBank's T-Mobile stake - Bloomberg (19/05/2021 - Seeking Alpha)

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  48. Sugarmade to acquire 70% stake in Nug Avenue enters the LA cannabis delivery market (12/02/2021 - Seeking Alpha)

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  49. Sugarmade to acquire 70% stake in Nug Avenue enters the LA cannabis delivery market (12/02/2021 - Seeking Alpha)

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