Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >>  Capital Markets  >>  Malaysian firm to take majority stake in Indian highway firm
NEWS UPDATES 24 January 2010

Malaysian firm to take majority stake in Indian highway firm

Related Stories

January 22, 2010
Malaysia’s CIMB Thai unit posts profit for FY09

January 19, 2010
Citibank expects to ride credit card industry growth in Malaysia

Malaysia’s PLUS Expressways Bhd is proposing to acquire a majority stake in an Indian company, Indu Navayuga Infra Project Pvt Ltd, which has a concession to widen and maintain an existing highway in Tamil Nadu, reported Malaysia business daily the StarBiz.

PLUS told Bursa Malaysia, the country’s bourse, the acquisition involved up to a 74
percent stake in Indu Navayuga Infra. PLUS said the shareholders of Indu Navayuga would hand over a 49 percent stake of the company on the “commercial operation date” for 57.3 million ringgit (1$=3.4 ringgit).

It added that on the third anniversary of the commercial operation date of the highway, the existing shareholders would transfer another 25 percent  stake for a purchase consideration of 16.7million ringgit.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand