India : Blue Star to pay Rs 80 crore upfront for D S Gupta Construction acquisition.
Blue Star Electro-Mechanical Limited, a wholly-owned subsidiary of Blue Star Limited, plans to acquire Mumbai-based D S Gupta Construction Pvt Ltd on a slump sale basis. The transaction is subject to customary closing conditions.
The turnover of D S Gupta Construction was in excess of Rs 130 crore in FY10 and the Company has a carry forward order book of around Rs 300 crore.
With this acquisition, Blue Star will strengthen an important pillar in its electro mechanical projects offering for its commercial and residential real estate customers.
Copyright : Euclid Infotech Pvt. Ltd.
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 27, 2010|
|Previous Article:||India : Blue Star board approves acquisition of D S Gupta Construction.|
|Next Article:||India : Diamond Offshore Drilling (DO) Upgraded at Bernstein.|