Page 2 - Mitsui Sumitomo
Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo
Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank
 "Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo")
Max Financial gets approval for share swap agreement with Mitsui Sumitomo
The transaction entails swapping Mitsui Sumitomo's 20.6 per cent stake in Max Life Insurance with 21.9 per cent stake in Max Financial Services
 "Max Financial gets approval for share swap agreement with Mitsui Sumitomo")
Japan's Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides
Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd and Nippon Soda Co Ltd (Nisso), the Delhi-based company said on Wednesday, without disclosing the deal value. "Mitsui and Nisso have acquired 56 per cent stake in BIL through a special purpose company co-founded by Nisso and Mitsui. The BIL's promoters will continue to hold balance shares in BIL," the company said in a statement. The new relationship with Mitsui and Nisso will further strengthen BIL's ability to deliver innovative crop protection products and support sustainable growth of India's agriculture sector, it added. BIL's founder promoter Sat Narain Gupta said, "This is a momentous occasion for us. BIL was started 43 years back with just 2 products and since then, BIL has come a long way. We hope that being part of Mitsui group will take BIL to the next level." Other ...
 "Japan's Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides")
Fresh worries for agrochemical majors as govt considers banning 27 products
Net impact would depend on final list of chemicals to be banned and companies' move to diversify portfolio
 "Fresh worries for agrochemical majors as govt considers banning 27 products")
PNB Housing Finance raises Rs 522 cr via ECB from Sumitomo Mitsui Banking
The ECB is under the Reserve Bank of India's automatic route of approval and the proceeds will be used by the company as per the applicable RBI guidelines, the company said in a release
 "PNB Housing Finance raises Rs 522 cr via ECB from Sumitomo Mitsui Banking")
Mitsui Sumitomo increased its stake in Chola MS to 40 %
Aggregate consideration is Rs 882.67 crore
 "Mitsui Sumitomo increased its stake in Chola MS to 40 %")
