Tuesday, March 30, 2010

Corporate Snippets

Hindustan Unilever announced that it sold its remaining 49% stake in Capgemini Business Services (India) Ltd to Cap Gemini SA as part of an agreement signed in October 2006. (BS)


L&T bagged Rs14bn order from IOC for supply of a 4.17mtpa FCC (fluidised catalytic cracker) reactor regenerator project for IOC's fuel refinery at Paradip, Orissa. (BL)


Ranbaxy has entered into a pact with US-based Pfenex Inc for developing biosimilars. (BS)


Japanese drug-maker Daiichi Sankyo, which owns 64% stake in Ranbaxy Laboratories Ltd, has finally firmed up plans to de-list the firm from the stock exchanges. (FE)


Colgate Palmolive has acquired the remaining 25% of share capital that it had in CC Health Care Products Pvt Ltd. (FE)


SAIL signed a 50:50 JV agreement with Shipping Corporation of India to primarily take care of SAIL’s shipping needs by owning and operating ships. (BL)


Promoters of Unitech raised their stake in the real estate company to 45% from 43.84%. (BL)

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