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.
Monday, October 1, 2007
Sterlite Optical buys 58.7 pc stakes in Sterlite Infra
Optic-fiber cable maker Sterlite Optical Technologies Ltd said on Monday it has acquired a 58.7 per cent stake in Sterlite Infrastructure Pvt Ltd, making it a subsidiary of Sterlite Optical.
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