United Phosphorus spreads its wings in Brazil by acquiring a 51% stake in an agrochemical company with revenues of Rs 580 crore revenues. Investor reaction is mild.
United Phosphorus’ revenues may increase by about Rs 250 crore after it acquired a 50% stake in Sipcam Isagro Brazil, a company that sells crop protection chemicals.
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
