Atul Karmarkar.Com

French global food & facilities management company Sodexo has acquired Radhakrishna Hospitality Services Group (RKHS) to become the leading Food and Facilities Management services company in India. The deal, valued at approximately $100 million (Rs.520 crore), was formalised yesterday and informed to the Paris Stock Exchange. The deal, however, does not include RKHS’s other businesses, including its [...]

In a bid to protect it’s portfolio investment, engineering giant Larsen and Toubro has decided to throw it’s hat into the ring to acquire the troubled Satyam Computer Services, and is looking to other institutional shareholders like LIC and ICICI Pru Life Insurance to support it’s revival plan.

Sun Pharma and Taro Pharma still seem unable to resolve issues over their proposed partnership.

Yahoo has taken a 30% stake in Indian company, Info Network Management Company, which provides phone directory search service, Call Ezee. However, the exact valuation is not yet known.

With hardly any company or sector being spared the aftershocks of the economic slowdown, Vijay Mallya’s Kingfisher Airlines appears to be the latest in the line, believed to be keen on a stake sale even as it flies deeper into ‘red’ territory with huge losses.

SEBI eases norms for promoters to raise stakes

Jet Airways ties up with Kingfisher Airlines

Some of the attention grabbers this week:
Wells Fargo bids $12 billion for Wachovia, fends off Citi

Well, it’s still early days, but the Axon board has recommended HCL’s offer to their shareholders in the absence of any competing bid from Infosys. The 60 hour timeframe given to Infosys expired and Axon said they would go ahead with HCL.

Barely weeks after Infosys announced it’s plans to acquire the Axon Group, HCL Technologies has decided to make a counter offer for around £441 million ($814 million).