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Mansi Taneja: Vavasi ? who ? what?
Till last fortnight, that was the universal reaction to this business group that is trying to stitch up what could be this year’s most ambitious business deal involving telecom companies in India, now that the Bharti-MTN deal has collapsed. Over the last fortnight, however, the broadly-built Farid Arifuddin who heads the 10-year old group, has made up for lost time. He’s met Sunil Mittal to see if he could get him to drown his MTN woes by buying into the $6.9 billion Zain Telecom (it has 41 million customers, operates in 24 countries across west Asia and Africa and has a market cap of $19.5 billion). While Mittal says he’s not interested in courting anyone on the rebound, Arifuddin has met Communications Minister A Raja and also various officials in BSNL and MTNL to work on alternate investors for his special purpose vehicle (SPV) which will pick up a 46 per cent stake in Zain.

ICICI, Citi among 17 in race to manage NMDC issue
ICICI Securities, Citigroup and Morgan Stanley along with 14 other merchant bankers have submitted bids to manage the estimated Rs 14,000-crore disinvestment of the state-run iron ore producer NMDC.

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Pearls before swine
They said the day a black man became president of the United States, pigs would fly. Well, lo and behold, Obama was sworn in and one hundred days later... swine flu!”
Business Opportunities

Nagarjuna Agri chem to set up plant in Vizag

Nagarjuna Agrichem Limited (NACL) is setting up a greenfield manufacturing facility with an outlay of about Rs 150 crore in the special economic zone at Achutapuram, about 40 km from Visakhapatnam, within the Petroleum, Chemicals and Petrochemical Investment Region. - APIIC to set up biotech SEZs in Anantapur, Kadapa and Hyd - Mfg likely to get boost during Reddy's 2nd term - Tata to set up Rs 1,000 crore helicopter unit in Hyderabad SEZ - Govt to put Rs 300cr more in Achuthapuram SEZ - Anrak allotted land for Vizag project - Anrak Aluminium allotted land for Vizag project NACL director and chief operating officer CM Ashok Muni handed over a cheque to Andhra Pradesh Industrial Infrastructure Corporation (APIIC) chairman and managing director BP Acharya towards initial payment for allotment of about 85 acre land at the SEZ. The plant is expected to be commissioned in 18 months from the commencement of the project. “This will be an important addition to the industrial cluster coming up within the PCPIR,” Acharya said in a release.


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