Some Corporate News

Rashtriya Chemicals & Fertilizers (RCF), the country’s largest fertiliser maker, is looking to diversify into logistics related businesses.

Automotive engineering major Renold Plc today said it is in talks with Indian firm LG Balakrishnan & Bros for acquiring 75 per cent stake in its industrial chain
business for an undisclosed amount.

Sadbhav Engineering, a construction firm, on Monday said it will acquire 74 per cent stake in Hong Kong based Ocean Bright Corporation for an undisclosed amount.

Pharmaceutical firm Zydus Cadila on Monday said it will acquire 70% stake in South Africa-based generic firm Simayla Pharmaceuticals for an undisclosed amount.

The Aditya Vikram Birla group-controlled Idea Cellular is set to acquire BK Modi's 40.8% stake in Spice Communications for around Rs 2,200 crore.