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News Roundup: New Silk Route, Essar Tele Tower Arms Merger

Posted on November 30, 2009

New Silk Route, Essar Tele Tower Arms Merger - New Silk Route (NSR), which owns a majority stake Aster Infrastructure, has initiated talks with the Ruias-owned Essar Telecom Infrastructure (ETIL) for a merger. After the merger NSR and ETIL will look for joint placement or stake sale in the combined entity.The Ruias had appointed Barclays Capital to find strategic partners or offload a stake in its tower arm. (Economic Times)DRS Logistics In Rs 450 Cr Warehousing Expansion - DRS Logistics Pvt Ltd is embarking on a Rs 450 crore expansion that envisages construction of 2 million sq ft warehousing...

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