Top News

Sesa Goa, Sterlite to meet this week on proposed merger: reports

Shareholders of Sesa Goa and Sterlite Industries will meet this week for approving the proposed merger of the two firms, according to reports.

Reports stated that on Sterlite will convene a meeting of its shareholders in Tuticorin, Tamil Nadu for the same purpose on 21 June.

Domestic News

Piramal Healthcare in talks to acquire Cambridge Major Laboratories: reports

Piramal Healthcare Ltd is in talks to buy U.S.-based contract drug maker Cambridge Major Laboratories for around $200 mn, according to reports.

Reports stated that  Indian drug maker is the flagship company of the Ajay Piramal-owned Piramal Group, while Cambridge Major Laboratories makes pharmaceutical intermediates and active pharmaceutical ingredients that are used in drugs.

Global News

Securus Data acquires 80% stake in data centre in Selangor: reports

Securus Data Property Fund has completed the acquisition of an 80% stake in a data centre located in Selangor, according to reports.

Reports stated that Securus Fund is jointly managed by Keppel Data Centre Investment Management , a wholly-owned subsidiary of Keppel Telecommunications & Transportation and AEP Investment Management.

The data centre is a freehold facility located in Cyberjaya, says report.

Gi Group acquires 49% stake in JV Elixir Consulting: reports

Italy-based Gi Group, a leading staffing company, has acquired the 49% stake of its joint venture partner Elixir Consulting for an estimated Rs 750mn-1bn, according to reports.

Reports stated that the $2-billion staffing giant forayed into India in 2008 through a JV with mid-level search and recruitment process outsourcing firm Elixir Consulting.