Q.
MSK PROJECTS HAS TRGT OF 200 IN SHORT TERM:-
Welspun Gujarat has okayed the acquisition of MSK Projects, reports CNBC-TV18. It plans to acquire 75% stake in the latter. The deal size is Rs 400 crore, and this is to be funded entirely through internal accruals.
Welspun Infratech, a 100% subsidiary of Welspun Gujarat Stahl Rohren and part of the USD 3 billion Welspun group, has signed an agreement to acquire a majority stake in construction major MSK Projects India.
Welspun targets to acquire about 75% stake through a combination of share purchases from promoters, associates, investors, preferen
About: Money
Asked by indiafive,
19 Mar '10 01:12 pm
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