Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Friday, June 8, 2007
Foreign investors pick up 16.47% stake in TMB
Foreign investors have picked up 46,862 shares of Tamilnad Mercantile Bank Ltd (TMB), which works out to 16.47 per cent of the paid-up equity of the bank, sources in the know told Business Line today.
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