Monday, July 26, 2010

Corporate Snippets

Vodafone Group Plc might sell its indirect minority equity stake of 4.39% in Bharti Airtel, as part of a plan to get out of the group’s smaller investments in various companies across the world. (BS)

Tata Motors will consider a US$550mn sponsored overseas issue for its shares with differential voting rights. (ET)

ITC plans to invest Rs 230bn across sectors such as FMCG, hotels, paper and packaging over the next few years. (BL)

DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. (ET)

Dr Reddy’s Labs neither has any intention to offload stake in its domestic formulations business nor will it look at selling its German subsidiary Betapharm. (ET)

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