Bharti set to buy out Crompton Greaves 40.1 per cent in SkyCell for Rs 255 cr
Crompton Greaves is in advanced stage of negotiations with Bharti Enterprises to sell its 40.1% equity stake in Chennai cellular service provider SkyCell Communications for around Rs 255 crore.

Pantaloon plans organisational recast; looks for strategic allies
The Pantaloon group is hiving off its garments, software and brand businesses from the flagship Pantaloon Retail (India) Ltd following recommendations from consultants KPMG Peat Marwick.

Torrent Gujarat to redeem NCD as `goodwill' gesture
Barely a week after the Board for Industrial and Financial Reconstruction (BIFR) declared Torrent Gujarat Biotech Ltd, a group company of the Ahmedabad-based Rs 2,000 crore Torrent group sick, the group has invited debenture holders of the first instalment of its Rs 70 crore non-convertible debenture issue to sell back their debentures to the company.


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