PRESS DIGEST - Indian Business News - Oct 18
MUMBAI, Oct 18 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
ECONOMIC TIMES (www.economictimes.com)
* Mukesh Ambani's Reliance Pharmaceuticals may bid for the active ingredients division of Shasun Chemicals and Drugs Ltd (SHAS.BO: Quote, Profile, Research). Mylan Inc MYL.N and Ranbaxy Laboratories (RANB.BO: Quote, Profile, Research) are also bidding, the report said quoting sources.
* Deutsche Bank of Singapore has bought five percent stake in Lavasa Corp for 5 billion rupees. Hindustan Construction Co Ltd (HCNS.BO: Quote, Profile, Research) is the promoter of Lavasa Corp.
* Goldman Sachs (GS.N: Quote, Profile, Research) has invested 950 million rupees in technology firm Tejas Networks.
* Goldman Sachs will invest $172 million for a majority stake in Indian metal castings maker, Sigma Electric, and its affiliated companies.
BUSINESS STANDARD (www.business-standard.com)
* Indivision, Future Capital's private equity arm, has bought 33 percent in Indian wind turbine maker Regen Powertech for $25 million.
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