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McNally buys stake in Sayaji (The Hindu)
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| KOLKATA: McNally Bharat Engineering (MBE), which is poised to become the biggest company in the B. M. Khaitan group, on Friday signed a memorandum of understanding (MoU) with the promoters of Sayaji Iron & Engineering Co. Ltd., a Vadodara-based family-run business, which will help expand MBE’s product range, Deepak Khaitan, MBE Chairman, said. |
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Ipca buys stake in Tonira (Business Standard India)
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| To consolidate its presence further in the active pharmaceutical ingredients (API) space, Mumbai-based Ipca Laboratories has acquired controlling stake in Vadodara-based Tonira Pharma. Tonira Pharma is planning to double its production capacity post acquisition. |
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McNally takes over Sayaji, eyes overseas acquisitions (Express India)
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| McNally Bharat Engineering Co Ltd, a Williamson Magor group company, has taken over Sayaji Iron & Engineering Co Ltd by acquiring the entire controlling stake of 68.28% for Rs 59.01 crore at Rs 221.60 per share. |
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McNally acquires Sayaji Iron (The Telegraph)
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| Calcutta, May 16 : McNally Bharat Engineering Co Ltd is set to pick up a 68.28 per cent stake in Sayaji Iron and Engineering Co Ltd for Rs 59 crore. |
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McNally to buy 68% in Sayaji Iron (Business Standard India)
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| Kolkata-based McNally Bharat Engineering is set to acquire a 68.28 per cent stake in Sayaji Iron & Engineering Co, representing the entire holding of the existing promoters, for Rs 59 crore. |
